Credit union · NCUA insured
Desco Federal Credit Union
Top CarrotA $538.8M credit union headquartered in Portsmouth, OH, with 25,083 members and 8 branches in 3 states. Best rates: CDs 4.08% and savings 0.20% APY.
Desco Federal Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 86% of U.S. banks and credit unions
#2 of 25 in Huntington, WV-KY-OH metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Desco Federal Credit Union
Desco Federal Credit Union was originally established in 1963 to serve the employees of Detroit Steel Corporation in Portsmouth, Ohio.
Following the closing of Detroit Steel, Desco Employees Federal Credit Union changed its name to Desco Federal Credit Union and expanded its charter.
The member-owned credit union serves residents and communities across multiple counties in Ohio, Kentucky, and West Virginia.
- Headquarters
- 401 Chillicothe St, Portsmouth, OH 45662
- NCUA charter
- 15882
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Persons who live, work (or regularly conduct business in), worship, or attend school in and businesses and other legal entities located in Adams, Gallia, Jackson, Lawrence, Pike, Ross and Scioto Counties, Ohio; Cabell, Mason, Putnam or Wayne Counties, West Virginia; Boyd, Carter, Greenup, Fleming, Lewis, Mason, and Rowan Counties, Kentucky are eligible for membership.
Employers and groups
- Employees of this credit union are eligible for membership.
Family and household
- Spouses of deceased members are eligible for membership.
- Members of immediate family or household of eligible persons are eligible for membership.
Other ways
- Organizations of eligible persons are eligible for membership.
- Volunteers in the community are eligible for membership.
Branches
8 branches in 3 states
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Ohio
5 branches
Portsmouth area · 4
- Desco Federal Credit UnionMain office401 Chillicothe St, Portsmouth, OH 45662Directions
- Desco Federal Credit Union19 High Street, Lucasville, OH 45648Directions
- Desco575 West St, Minford, OH 45653Directions
- Desco8790 Ohio River Rd, Wheelersburg, OH 45694Directions
Huntington area · 1
- Desco2915 S 3rd St, Ironton, OH 45638Directions
Kentucky
2 branches
- Desco1211 Carter Ave, Ashland, KY 41101Directions
- Desco Federal Credit Union501 Seaton Ave, US Rt 23, Greenup, KY 41144Directions
West Virginia
1 branch
- Desco1438 6th Ave, Huntington, WV 25701Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 11.77% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.51% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 1.01% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $67 | $76 | — |
- CapitalNet worth ratio11.77%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.51%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets1.01%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$67Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Desco Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.