Desco Credit Union | Auto Loans, ATM & Online Banking

Desco CU

Desco Federal Credit Union, established in 1963 and headquartered in Portsmouth, OH, is a trusted national financial institution serving over 25,000 members with assets surpassing $508 million. Led by CEO Jeff Lyons, Desco combines strong financial stability with personalized service through its team of 114 dedicated employees.

Members nationwide enjoy a comprehensive suite of banking solutions designed to simplify everyday finances and support long-term goals. Desco offers convenient ATM and cash withdrawal services, basic drive-thru and shared branch transactions, plus seamless online and mobile banking platforms for secure account access anytime. Whether you’re financing your next vehicle with competitive auto loans or pursuing homeownership through tailored mortgage loans and refinancing options, Desco delivers flexible terms to fit your needs.

Personal banking options include checking and savings accounts crafted for convenience, credit cards featuring rewards, as well as personal loans and debt consolidation programs to enhance financial flexibility. Business members benefit from specialized merchant services and business loans aimed at fostering growth.

With nine branches across multiple cities, Desco Federal Credit Union is committed to empowering members’ financial futures through trusted products and innovative digital tools. Discover more at http://www.descofcu.org.

Introduction

Welcome to desco, your trusted financial partner since 1963. Located in the heart of Portsmouth, OH, we pride ourselves on our unwavering commitment to serving our community and empowering our members, including military personnel and their families. Under the leadership of CEO Jeff Lyons and Board President Richard Bussa, we strive to provide a member-first approach that prioritizes your financial well-being and offers personalized services tailored to meet your needs.

At desco, we understand the importance of modern banking tools in today’s fast-paced world. That’s why we offer a suite of digital solutions including online banking, a user-friendly mobile app, person-to-person transfers, e-statements, and more. Our commitment to accessibility is further strengthened by NCUA insurance, ensuring your deposits are secure since 1/4/1971 0:00. Whether you’re looking for personal banking options or business services, our focus remains on building lasting relationships with our members. For more information about our offerings and how we can assist you in achieving your financial goals, please visit us at http://www.descofcu.org or reach out via fax at (740) 353-0745.

Financial Services

At Desco Federal Credit Union, we understand that managing your finances is crucial to achieving your life goals. That's why we offer a comprehensive suite of services designed to cater to every member's needs. From personal banking solutions like checking and savings accounts to specialized financing options such as auto loans, mortgage loans, and credit cards with rewards, our offerings are tailored to empower you in every financial endeavor. Whether you're looking to consolidate debt or finance your small business through our merchant services and business loans, we have the tools necessary to help you thrive.

In today's fast-paced world, convenience is key. That's why Desco provides robust online banking and a user-friendly mobile application, ensuring that you can manage your finances anytime and anywhere. Our features like Person-to-Person transfers and e-statements simplify transactions and enhance your banking experience. While mobile payments may not currently be offered, our commitment to accessibility remains unwavering. If you're considering joining our community, learn more about membership eligibility at . For those looking for competitive loan options, check out https://www.lendmesh.com/loans/mortgage_loans for comparisons that can help you make informed decisions.

With a history of serving members since 1963, Desco Federal Credit Union prides itself on personalized support and community focus. Our team is always ready to assist you—feel free to reach out via fax at (740) 353-0745 for any inquiries or support you may need. Join us today and take advantage of financial solutions designed with your future in mind!

Financial Highlights

Desco Federal Credit Union stands as a beacon of trust and stability within the financial landscape, serving a robust total membership of 25,202. With total assets amounting to an impressive 508,126,802, Desco demonstrates its commitment to safeguarding your finances while enabling growth and opportunity. The credit union's strong net worth of 54,781,563 showcases its resilience and financial health, providing peace of mind to members who choose to entrust their savings with us.

In 2023, Desco reported a net income of 2,547,674, reflecting our dedication to effective management and member-focused services. With total deposits reaching 69,431,046, we have created an environment where our members can feel secure in their financial decisions. Our diverse portfolio includes 14,232 loans and leases, illustrating our capability to support a variety of financial needs—from personal banking solutions to commercial lending opportunities.

Our team of 114 dedicated professionals is committed to providing exceptional service, ensuring that each member receives personalized attention tailored to their individual financial goals. The credit union's robust net worth ratio of 1,078 further emphasizes our sound financial practices, highlighting our ability to maintain stability while offering competitive rates across various loan products.

Desco has also made strides in the auto loan sector with a notable volume of 5,850, alongside a significant focus on commercial loans totaling 342. This versatility enables us to cater to both individual members and local businesses seeking financial support in their ventures. Furthermore, with total borrowings capped at 30,000,000, we maintain responsible lending practices that prioritize the well-being of our members.

At Desco Federal Credit Union, transparency is paramount. We believe that informed members are empowered members. All performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, ensuring that you have access to reliable information as you navigate your financial journey.

Join us at Desco Federal Credit Union, where your financial aspirations can thrive in a supportive community environment. Compare real-time loan offers today at https://www.lendmesh.com/loans/mortgage_loans and find the best rates for your needs.

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