Desco Federal Credit Union

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A short history of Desco FCU

Since its inception in 1963 the Desco Federal Credit Union has been serving its members in the PORTSMOUTH, Ohio area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Lee Powell, the Desco FCU has grown its membership to over 22,843 with assets of more than $310,304,423. They have a main office and 8 branch offices. Please see the credit unions website or contact them by phone at (740) 354-7791 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in PORTSMOUTH, OH.

General Information For Desco FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 15882
Address P.O. BOX 1546 
State Ohio 
Zip-Code 45662
Phone Number (740) 354-7791
Fax Number (740) 353-0745
Email Address: none
CEO/President Lee Powell
Members 22,843 
Full-Time Employees 99 
Part-Time Employees
Number of Branch Offices
Total Assets 310,304,423 

Compare Desco Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Tayco Employees CU Tayco Employees FCU 447 Nelroy Rd 41175 (606) 932-4774 No 5.16
S.c.f.e. CU Main Office 610 Gay St 45662 (740) 353-1628 No 5.63
Atomic CU Atomic Credit Union - Minford Branch 8935 STATE ROUTE 335 45661 (740) 820-8222 No 18.47
Greenup County CU GREENUP COUNTY FEDERAL CREDIT UNION 410 BELLEFONTE STREET 41169 (606) 836-9932 No 21.81
Members Choice CU Cannonsburg Office 1315 CANNONSBURG RD 41102 62026 No 24.61

Desco Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Desco Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 10.24 2.99 3.99 4.00 6.49
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 271 145 202 138 390
Rank Among All Ohio Credit Unions 47 35 42 31 82

Desco Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.15 0.15 N/A 0.45 0.45
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 108 119 N/A 274 234
Rank Among All Ohio Credit Unions 10 19 N/A 81 58
Desco Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.2405,2374,351,638
All Other Unsecured Loans/Lines of Credit 8.9901,9266,018,221
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.9903625,634,465
Used Vehicle Loans 3.9902,36517,023,831
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.0001,680123,867,110
Total Other Real Estate Loans/Lines of Credit 6.49047214,693,700
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.9901953,364,677
TOTAL LOANS & LEASES 12,237174,953,642

Desco Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 725,507,154192,923,139
    b. 15 Years or less 1,08257,284,065775,466,959
    a. > 15 years 204,050,68571,551,744
    b. 15 Years or less 33035,579,892245,963,006
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 2103,82800
Adjustable Rate > 1 yr 17421,341,486131,981,802


Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 47214,693,70014703,923
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 2,152138,560,81015418,590,573


Interest Only & Payment Option 1st Mortgage Loans 1125,005,412233,161
Interest Only & Payment Option Other RE/LOC Loans 40311,131,638131,991
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Desco Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes