Desco Federal Credit Union


Overview / Commentary
740-354-7791
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 738th largest credit union in the nation. It was established in 1963 and as of March of 2025, it had grown to 119 employees and 25,161 members at 9 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

Health Grade Components

Overall
NCUA #15882
Year Chartered1963
Employees119
Primary Regulator
Profit Margin
Return on Assets - YTD1.35%
Return on Equity - YTD12.71%
Annual Interest Income$5.9MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$515.8MM$500.4MM
LoansQ1 2025vs Q1 2024$317.5MM$319.9MM
DepositsQ1 2025vs Q1 2024$455.4MM$415MM
Equity CapitalQ1 2025vs Q1 2024$53.7MM$47.7MM
Loan Loss AllowanceQ1 2025vs Q1 2024$1.2MM$1.1MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$1.2MM$1.3MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Rates for Desco Federal Credit Union are currently being reviewed.

Locations


Desco Federal Credit Union Locations
Branch Office575 West StMinford, OH 45653
Branch Office1211 Carter AveAshland, KY 41101-7514
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
Branch Office501 Seaton Ave US Rt 23Greenup, KY 41144
Branch Office19 High StreetLucasville, OH 45648

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