Overview / Commentary
401 Chillicothe St
Portsmouth, OH 45662

Desco Federal Credit Union is headquartered in Portsmouth and is the 20th largest credit union in the state of Ohio. It is also the 759th largest credit union in the nation. It was established in 1963 and as of December of 2018, it had grown to 99 employees and 22,994 members at 7 locations. Desco Federal Credit Union's CD rates are 34% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to residents of Scioto and Lawrence County in Ohio, Boyd County in Kentucky, and Cabell and Wayne in West Virginia.
See current membership details


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Health Grade Components

NCUA #15882
Year Chartered1963
Primary Regulator
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD8.64%
Annual Interest Income$11.3MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$330.9MM$282.7MM
LoansQ4 2018vs Q4 2017$183.0MM$175.4MM
DepositsQ4 2018vs Q4 2017$259.0MM$253.0MM
Equity CapitalQ4 2018vs Q4 2017$30.6MM$27.6MM
Loan Loss AllowanceQ4 2018vs Q4 2017$1.1MM$1.1MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$1.4MM$1.5MM
Real Estate OwnedQ4 2018vs Q4 2017$871.00K$25.00K
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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

0.40%--Health Savings Account
0.35%$50-Savings Account

Desco Federal Credit Union Checking Account Rates

0.90%*$100k*-Checking Account
OTHER TIERS: 0.20% $1k - $5k | 0.30% $5k - $10k | 0.55% $10k - $25k | 0.70% $25k - $100k
0.90%*$100k*-Business Checking Accounts
OTHER TIERS: 0.20% $1k - $5k | 0.30% $5k - $10k | 0.55% $10k - $25k | 0.70% $25k - $100k

Desco Federal Credit Union CD Rates

2.33%$500-60 Month Share Certificate
2.07%$500-48 Month Share Certificate
1.71%$500-36 Month Share Certificate
1.46%$500-30 Month Share Certificate
1.41%$500-24 Month Share Certificate
1.26%$500-18 Month Share Certificate
1.21%$2.5k$25k12 Month Share Certificate
0.75%$2.5k$25k6 Month Share Certificate
0.60%$2.5k$25k91 Day Share Certificate
0.40%$2.5k$25k31 Day Share Certificate

Desco Federal Credit Union IRA Rates

2.33%$500-60 Month IRA Share Certificate
2.07%$500-48 Month IRA Share Certificate
1.71%$500-36 Month IRA Share Certificate
1.46%$500-30 Month IRA Share Certificate
1.41%$500-24 Month IRA Share Certificate
1.26%$500-18 Month IRA Share Certificate
1.21%$2.5k$25k12 Month IRA Share Certificate
0.75%$2.5k$25k6 Month IRA Share Certificate
0.60%$2.5k$25k91 Day IRA Share Certificate
0.40%$2.5k$25k31 Day IRA Share Certificate

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