Desco Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.33%	5-year CD	3.00% - Goldman Sachs Bank USA High-yield 5 Year CD
1.21%	1-year CD	2.70% - Goldman Sachs Bank USA High-yield 12 Month CD
0.35%	Savings	2.20% - Barclays Online Savings Account

View all Desco Federal Credit Union rates »

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 20^th largest credit union in the state of Ohio. It is also the 759^th 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.
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Health

B+

Data as of Q4 2018

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Health Grade Components

Overall
NCUA #	15882
Year Chartered	1963
Employees	99
Primary Regulator

Profit Margin
Return on Assets - YTD	0.8%
Return on Equity - YTD	8.64%
Annual Interest Income	$11.3MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$330.9MM$282.7MM
Loans	Q4 2018vs Q4 2017	$183.0MM$175.4MM
Deposits	Q4 2018vs Q4 2017	$259.0MM$253.0MM
Equity Capital	Q4 2018vs Q4 2017	$30.6MM$27.6MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$1.1MM$1.1MM
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$1.4MM$1.5MM
Real Estate Owned	Q4 2018vs Q4 2017	$871.00K$25.00K

Rates

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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
0.35%	$50	-	Savings Account

Desco Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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	$25k	12 Month Share Certificate
0.75%	$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
2.33%	$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	$25k	12 Month IRA Share Certificate
0.75%	$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	455 Armco Rd	Ashland, KY 41101
Branch Office	575 West St	Minford, OH 45653
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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