P.O. BOX 1546
Portsmouth, OH 45662

Notable Rates APY Vs.Others
Savings 0.25% 1.90% →
1-Year CD 1.01% 1.90% →
2-Year CD 1.21% 1.95% →
5-Year CD 1.51% 2.00% →
30-Year Mortgage N.A. 3.14% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.50% →

2020 Overview

General Credit Union Information

Desco is an NCUA insured institution located in Portsmouth, OH. It was founded in 1963 and has approximately $303.63 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
Charter Number # # 15882
Date Established 1963
Assets $303.63 million
Loans $194.88 million
Deposits $267.62 million
Capital $37.09 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 - April 10, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Premium Money Market Account
0.70% $10,000 $49,999 Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.40% $2,500 $24,999 Learn MoreShow Less
6 Mo CD
0.55% $2,500 $24,999 Learn MoreShow Less
Fixed IRA
1.01% $2,500 $24,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 $4,999 Learn MoreShow Less

Loan Rates - April 10, 2020

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to DESCO
To upload and update your bank's rates please register. It is free to register and add rates.


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:

Desco Locations

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
3.54% 5.92

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 September 30, 2019, Desco had $1,024,903 in non-current loans and $330,500 in owned assets. To cover these potential losses it had $37,091,694 in net worth and $1,151,903 in loans loss reserves. That gives it a Texas Ratio of 3.54%.

Net Worth
Desco U.S. Average
12.21% 13.86%

Desco FCU has a net worth of 12.21% versus the BestCashCow average of 13.86. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Desco

Branches and Savings

What is Desco?

A federal credit union, registered with the NCUA under certificate #15882.
Learn more about credit unions here.

Is Desco FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Desco?

Please see Field of Membership information above for information on who is eligible to join.

What are Desco's share account and share certificate rates?

Desco's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Desco?

Desco has total capital of $37.09 million. Full information on Desco's financial position is located above.

Who owns Desco?

Credit Unions are owned by their members.

Where are Desco branches located?

See branch locations nearby.

Are Desco ATMs Open 24/7?

Do Desco ATMs accept cash deposits?

Can Desco customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Desco have a mobile app?

Does Desco have mobile deposit?

Does Desco have quick pay?

How can Desco transfer money to other banks or credit unions?

Does Desco report to credit bureaus?

Does Desco use Chexsystems?

Does Desco use Equifax?

What is Desco's toll free phone number?

What is Desco's ACH Routing Number?

What is Desco's SWIFT code?

Where can I find Desco's wire transfer form?

What is the Desco address for deposits?

What Products Does Desco Offer

Does Desco offer mortgages?

Compare mortgage rates here.

Does Desco offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Desco offer auto and RV loans?

Compare auto loan rates here.

Does Desco offer student loans or personal loans?

Compare personal loan rates here.

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