Desco Federal Credit Union

Overview / Commentary
401 Chillicothe St
Portsmouth, OH 45662

Desco Federal Credit Union is headquartered in Portsmouth and is the 24th largest credit union in the state of Ohio. It is also the 828th largest credit union in the nation. It was established in 1963 and as of March of 2020, it had grown to 98 employees and 23,160 members at 7 locations. Desco Federal Credit Union 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 Grade Components

NCUA #15882
Year Chartered1963
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD6.54%
Annual Interest Income$2.9MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$313.2MM$341.0MM
LoansQ1 2020vs Q1 2019$198.9MM$187.0MM
DepositsQ1 2020vs Q1 2019$277.0MM$268.2MM
Equity CapitalQ1 2020vs Q1 2019$34.3MM$31.6MM
Loan Loss AllowanceQ1 2020vs Q1 2019$1.2MM$1.1MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$1.4MM$1.1MM
Real Estate OwnedQ1 2020vs Q1 2019$240.00K$630.00K
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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

0.10%--Health Savings Account
0.05%$50-Savings Account

Desco Federal Credit Union Money Market Rates

0.40%*$100k*-Money Market w/ Checking
OTHER TIERS: 0.10% $2.5k - $10k | 0.20% $10k - $50k | 0.30% $50k - $100k

Desco Federal Credit Union Checking Account Rates

0.25%*$100k*-Regular Checking
OTHER TIERS: 0.01% $1k - $10k | 0.10% $10k - $25k | 0.15% $25k - $100k
0.25%*$100k*-Business Checking Accounts
OTHER TIERS: 0.01% $1k - $10k | 0.10% $10k - $25k | 0.15% $25k - $100k
0.25%*$100k*-Member Advantage Checking
OTHER TIERS: 0.01% $1k - $10k | 0.10% $10k - $25k | 0.15% $25k - $100k

Desco Federal Credit Union CD Rates

0.80%$500-60 Month Share Certificate
0.60%$500-48 Month Share Certificate
0.55%$500-36 Month Share Certificate
0.50%$500-30 Month Share Certificate
0.45%$500-24 Month Share Certificate
0.35%$500-18 Month Share Certificate
0.30%$2.5k$25k12 Month Share Certificate
0.20%$2.5k$25k6 Month Share Certificate
0.10%$2.5k$25k91 Day Share Certificate
0.05%$2.5k$25k31 Day Share Certificate

Desco Federal Credit Union IRA Rates

0.80%$500-60 Month IRA Share Certificate
0.60%$500-48 Month IRA Share Certificate
0.55%$500-36 Month IRA Share Certificate
0.50%$500-30 Month IRA Share Certificate
0.45%$500-24 Month IRA Share Certificate
0.35%$500-18 Month IRA Share Certificate
0.30%$2.5k$25k12 Month IRA Share Certificate
0.20%$2.5k$25k6 Month IRA Share Certificate
0.10%$2.5k$25k91 Day IRA Share Certificate
0.05%$2.5k$25k31 Day IRA Share Certificate

Desco Federal Credit Union Locations
Branch Office575 West StMinford, OH 45653
Branch Office455 Armco RdAshland, KY 41101
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

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