Desco Federal Credit Union is headquartered in Portsmouth and is the 19th largest credit union in the state of Ohio. It is also the 756th 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.
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
Overall | |
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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 | ||
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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 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
2.53% | - | - | Health Savings Account | |
2.53% | - | - | IRA Savings | |
0.30% | $50 | - | Savings Account |
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 Locations | ||
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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 |