Desco Federal Credit Union

Overview / Commentary
401 Chillicothe St
Portsmouth, OH 45662

Desco Federal Credit Union is headquartered in Portsmouth and is the 23rd largest credit union in the state of Ohio. It is also the 817th largest credit union in the nation. It was established in 1963 and as of June of 2019, it had grown to 99 employees and 23,195 members at 7 locations. Desco Federal Credit Union's CD rates are 46% higher than the national average, and it 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.
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Health Grade Components

NCUA #15882
Year Chartered1963
Primary Regulator
Profit Margin
Return on Assets - YTD0.94%
Return on Equity - YTD9.12%
Annual Interest Income$6.1MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$301.1MM$333.9MM
LoansQ2 2019vs Q2 2018$191.5MM$179.8MM
DepositsQ2 2019vs Q2 2018$266.2MM$262.9MM
Equity CapitalQ2 2019vs Q2 2018$33.0MM$29.0MM
Loan Loss AllowanceQ2 2019vs Q2 2018$1.2MM$1.1MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1.3MM$2.2MM
Real Estate OwnedQ2 2019vs Q2 2018$527.00K$288.00K
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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

2.02%$500-60 Month Share Certificate
1.81%$500-48 Month Share Certificate
1.61%$500-36 Month Share Certificate
1.56%$500-30 Month Share Certificate
1.51%$500-24 Month Share Certificate
1.36%$500-18 Month Share Certificate
1.31%$2.5k$25k12 Month Share Certificate
0.85%$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

2.02%$500-60 Month IRA Share Certificate
1.81%$500-48 Month IRA Share Certificate
1.61%$500-36 Month IRA Share Certificate
1.56%$500-30 Month IRA Share Certificate
1.51%$500-24 Month IRA Share Certificate
1.36%$500-18 Month IRA Share Certificate
1.31%$2.5k$25k12 Month IRA Share Certificate
0.85%$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 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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