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.
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 | 119 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 1.35% |
Return on Equity - YTD | 12.71% |
Annual Interest Income | $5.9MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $515.8MM$500.4MM |
Loans | Q1 2025vs Q1 2024 | $317.5MM$319.9MM |
Deposits | Q1 2025vs Q1 2024 | $455.4MM$415MM |
Equity Capital | Q1 2025vs Q1 2024 | $53.7MM$47.7MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $1.2MM$1.1MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $1.2MM$1.3MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
Rates for Desco Federal Credit Union are currently being reviewed.
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 |
Branch Office | 19 High Street | Lucasville, OH 45648 |
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