Desco Federal Credit Union


Overview / Commentary
740-354-7791
401 Chillicothe St
Portsmouth, OH 45662

Desco Federal Credit Union is headquartered in Portsmouth and is the 19th largest credit union in the state of Ohio. It is also the 756th largest credit union in the nation. It was established in 1963 and as of June of 2023, it had grown to 107 employees and 24,893 members at 8 locations. Desco Federal Credit Union's CD rates are 6X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Desco Federal Credit Union is open to residents of Scioto and Lawrence Counties, Ohio; Boyd and Greenup Counties, Kentucky; and Cabell and Wayne Counties, West Virginia.
See current membership details

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Health

Health Grade Components

Overall
NCUA #15882
Year Chartered1963
Employees107
Primary Regulator
Profit Margin
Return on Assets - YTD1.01%
Return on Equity - YTD10.65%
Annual Interest Income$9.5MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$458.7MM$480.2MM
LoansQ2 2023vs Q2 2022$320.8MM$309.1MM
DepositsQ2 2023vs Q2 2022$409.4MM$394.8MM
Equity CapitalQ2 2023vs Q2 2022$43.3MM$40.2MM
Loan Loss AllowanceQ2 2023vs Q2 2022$1.4MM$1.6MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$1.5MM$1.1MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Desco Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Desco Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%--Health Savings Account
2.53%--IRA Savings
0.30%$50-Savings Account

Desco Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.82%*$100k*-Money Market w/ Checking
OTHER TIERS: 2.89% $2.5k - $10k | 3.72% $10k - $50k | 3.77% $50k - $100k

Desco Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%*$100k*-Regular Checking
OTHER TIERS: 0.01% $1k - $5k | 0.05% $5k - $10k | 0.80% $10k - $25k | 0.85% $25k - $100k
1.01%*$100k*-Business Checking Accounts
OTHER TIERS: 0.01% $1k - $5k | 0.05% $5k - $10k | 0.80% $10k - $25k | 0.85% $25k - $100k
1.01%*$100k*-Member Advantage Checking
OTHER TIERS: 0.01% $1k - $5k | 0.05% $5k - $10k | 0.80% $10k - $25k | 0.85% $25k - $100k

Desco Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.13%$2.5k$25k12 Month Share Certificate
4.86%$500-18 Month Share Certificate
4.60%$2.5k$25k6 Month Share Certificate
4.60%$500-24 Month Share Certificate
4.08%$500-30 Month Share Certificate
4.08%$500-36 Month Share Certificate
4.08%$500-48 Month Share Certificate
4.08%$500-60 Month Share Certificate
3.05%$2.5k$25k91 Day Share Certificate

Desco Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.13%$2.5k$25k12 Month IRA Share Certificate
4.86%$500-18 Month IRA Share Certificate
4.60%$2.5k$25k6 Month IRA Share Certificate
4.60%$500-24 Month IRA Share Certificate
4.08%$500-30 Month IRA Share Certificate
4.08%$500-36 Month IRA Share Certificate
4.08%$500-48 Month IRA Share Certificate
4.08%$500-60 Month IRA Share Certificate
3.05%$2.5k$25k91 Day IRA Share Certificate
Locations


Desco Federal Credit Union Locations
Branch Office575 West StMinford, OH 45653
Branch Office1211 Carter AveAshland, KY 41101-7514
Branch Office8790 Ohio River RdWheelersburg, OH 45694
Branch Office414 Washington StPortsmouth, OH 45662
Branch Office401 Chillicothe StPortsmouth, OH 45662
Branch Office2915 S 3rd StIronton, OH 45638
Branch Office1438 6th AveHuntington, WV 25701-2421
Branch Office501 Seaton Ave US Rt 23Greenup, KY 41144

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