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 22^nd largest credit union in the state of Ohio. It is also the 815^th largest credit union in the nation. It was established in 1963 and as of September of 2019, it had grown to 99 employees and 23,193 members at 7 locations. Desco Federal Credit Union's CD rates are 46% higher than 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 Q3 2019

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Health Grade Components

Overall
NCUA #	15882
Year Chartered	1963
Employees	99
Primary Regulator

Profit Margin
Return on Assets - YTD	1.06%
Return on Equity - YTD	9.47%
Annual Interest Income	$9.0MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$303.6MM$332.4MM
Loans	Q3 2019vs Q3 2018	$194.9MM$182.9MM
Deposits	Q3 2019vs Q3 2018	$267.6MM$260.5MM
Equity Capital	Q3 2019vs Q3 2018	$33.9MM$29.8MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$1.2MM$1.1MM
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$2.5MM$2.0MM
Real Estate Owned	Q3 2019vs Q3 2018	$330.00K$641.00K

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	VIEW DETAILS
0.40%	-	-	Health Savings Account
0.30%	$50	-	Savings Account

Desco Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.10%^*	$100k^*	-	Money Market w/ Checking
OTHER TIERS: 0.35% → Up to $2.5k \| 0.40% → $2.5k - $10k \| 0.70% → $10k - $50k \| 0.90% → $50k - $100k

Desco Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.80%^*	$100k^*	-	Checking Account
OTHER TIERS: 0.15% → $1k - $5k \| 0.25% → $5k - $10k \| 0.45% → $10k - $25k \| 0.60% → $25k - $100k
0.80%^*	$100k^*	-	Business Checking Accounts
OTHER TIERS: 0.15% → $1k - $5k \| 0.25% → $5k - $10k \| 0.45% → $10k - $25k \| 0.60% → $25k - $100k

Desco Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.02%	$500	-	60 Month Share Certificate
1.81%	$500	-	48 Month Share Certificate
1.61%	$500	-	36 Month Share Certificate
1.56%	$500	-	30 Month Share Certificate
1.51%	$500	-	24 Month Share Certificate
1.36%	$500	-	18 Month Share Certificate
1.31%	$2.5k	$25k	12 Month Share Certificate
0.85%	$2.5k	$25k	6 Month Share Certificate
0.60%	$2.5k	$25k	91 Day Share Certificate
0.40%	$2.5k	$25k	31 Day Share Certificate

Desco Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.02%	$500	-	60 Month IRA Share Certificate
1.81%	$500	-	48 Month IRA Share Certificate
1.61%	$500	-	36 Month IRA Share Certificate
1.56%	$500	-	30 Month IRA Share Certificate
1.51%	$500	-	24 Month IRA Share Certificate
1.36%	$500	-	18 Month IRA Share Certificate
1.31%	$2.5k	$25k	12 Month IRA Share Certificate
0.85%	$2.5k	$25k	6 Month IRA Share Certificate
0.60%	$2.5k	$25k	91 Day IRA Share Certificate
0.40%	$2.5k	$25k	31 Day IRA Share Certificate

Locations

Desco Federal Credit Union Locations
Branch Office	575 West St	Minford, OH 45653
Branch Office	455 Armco Rd	Ashland, KY 41101
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

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