Desco Federal Credit Union

Overview / Commentary

www.descofcu.org

740-354-7791

401 Chillicothe St
Portsmouth, OH 45662

Desco Federal Credit Union is headquartered in Portsmouth and is the 19^th largest credit union in the state of Ohio. It is also the 756^th 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.
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Health

Data as of Q2 2023

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Health Grade Components

Overall
NCUA #	15882
Year Chartered	1963
Employees	107
Primary Regulator

Profit Margin
Return on Assets - YTD	1.01%
Return on Equity - YTD	10.65%
Annual Interest Income	$9.5MM

Assets and Liabilities
Assets	Q2 2023vs Q2 2022	$458.7MM$480.2MM
Loans	Q2 2023vs Q2 2022	$320.8MM$309.1MM
Deposits	Q2 2023vs Q2 2022	$409.4MM$394.8MM
Equity Capital	Q2 2023vs Q2 2022	$43.3MM$40.2MM
Loan Loss Allowance	Q2 2023vs Q2 2022	$1.4MM$1.6MM
Unbacked Noncurrent Loans	Q2 2023vs Q2 2022	$1.5MM$1.1MM
Real Estate Owned	Q2 2023vs Q2 2022	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* 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

APY	MIN	MAX	ACCOUNT NAME
2.53%	-	-	Health Savings Account
2.53%	-	-	IRA Savings
0.30%	$50	-	Savings Account

Desco Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
5.13%	$2.5k	$25k	12 Month Share Certificate
4.86%	$500	-	18 Month Share Certificate
4.60%	$2.5k	$25k	6 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	$25k	91 Day Share Certificate

Desco Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
5.13%	$2.5k	$25k	12 Month IRA Share Certificate
4.86%	$500	-	18 Month IRA Share Certificate
4.60%	$2.5k	$25k	6 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	$25k	91 Day IRA Share Certificate

Locations

Desco Federal Credit Union Locations
Branch Office	575 West St	Minford, OH 45653
Branch Office	1211 Carter Ave	Ashland, KY 41101-7514
Branch Office	8790 Ohio River Rd	Wheelersburg, OH 45694
Branch Office	414 Washington St	Portsmouth, OH 45662
Branch Office	401 Chillicothe St	Portsmouth, OH 45662
Branch Office	2915 S 3rd St	Ironton, OH 45638
Branch Office	1438 6th Ave	Huntington, WV 25701-2421
Branch Office	501 Seaton Ave US Rt 23	Greenup, KY 41144

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