Desco Federal Credit Union
Headquarters
P.o. Box 1546
Portsmouth, OH 45662
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2024 Overview
General Credit Union Information
Desco is an NCUA insured institution located in Portsmouth, OH. It was founded in 1963 and has approximately $505.17 millions in assets.
Who can join?
Residents of Scioto and Lawrence County in Ohio, Boyd County in Kentucky, and Cabell and Wayne in West Virginia are automatically eligible to become a member of the credit union.
In addition, you may qualify through family relationships, employment, association membership, religious affiliation, or attendance at a local university.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 15882 |
| Date Established | 1963 |
| Assets | $505.17 million |
| Loans | $321.05 million |
| Deposits | $418.11 million |
| Capital | $53.83 million |
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.
Deposit Rates - December 21, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Premium Money Market Account
|
0.25% | $10,000 | $14,999 |
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|
|
Premium Money Market Account
|
0.25% | $25,000 | $34,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.35% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.45% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.55% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.10% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.10% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.01% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.21% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.01% | $2,500 | $3,499 | Learn More |
Loan Rates - December 21, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Desco
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 1025894 |
6.863% | 6.750% | 1.00 | $3,705 | $2,076 | Learn More |
NMLS ID: 3030 |
7.325% | 7.250% | 0.75 | $2,400 | $2,183 | Learn More |
NMLS ID: 1907 |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.240 % After Intro: 7.240 % |
$0 |
Learn More
More Info |
Rate See Table |
Intro APR 7.900 % After Intro: 7.900 % |
$25,000 |
Learn More
More Info |
Note to Desco
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Desco branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Desco Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 76.51 | A | View Lobby Hours | |
| 83.74 | B | View Lobby Hours | |
| 84.84 | C | View Lobby Hours | |
| 86.20 | D | View Lobby Hours | |
| 101.84 | E | View Lobby Hours | |
| 103.52 | F | View Lobby Hours | |
| 110.65 | G | View Lobby Hours |
Climate Policy and Initiatives
DESCO is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Desco Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Desco. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Desco | U.S. Average |
|---|---|
| 3.23% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Desco had $1,703,477 in non-current loans and $76,615 in owned assets. To cover these potential losses it had $53,827,477 in net worth and $1,229,518 in loans loss reserves. That gives it a Texas Ratio of 3.23%.
Net Worth
| Desco | U.S. Average |
|---|---|
| 10.66% | 13.93% |
Desco FCU has a net worth of 10.66% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Desco
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