Desco Credit Union Ashland KY | Affordable Auto Loans & Personal Banking

Introduction

Welcome to Desco, your trusted partner in financial services located at 1211 Carter Ave, Ashland, KY 41101. Established in 1963, we have been dedicated to serving our community with commitment and care for over six decades. With a proud membership of 25,202, we strive to create a welcoming environment where every member feels valued and supported. At Desco, we understand that financial needs vary from person to person. That's why we offer a wide range of services including personal banking, auto loans, mortgage options, and business banking solutions. Our total assets stand at an impressive $508,126,802, reflecting our solid foundation and ability to support our members' financial goals. Our leadership team is committed to maintaining transparency and trust within our organization. Under the guidance of CEO Jeff Lyons and Board President Richard Bussa, Desco continues to grow while prioritizing the best interests of our members. We are proud of our team of 114 employees, all dedicated to providing exceptional service. For your convenience, you can reach us at 606-326-1118 or visit our website at descofcu.org. While members can visit us at the branch for all their banking needs, official correspondence should be sent to our mailing address: P.O. Box 1521, Ashland, KY 41105. Discover how Desco can help you achieve your financial dreams today! Whether you need assistance with loans or wish to explore new savings options, we invite you to call or stop by and learn more about what we can do for you. Your journey towards better financial health starts here!

Branch History & Mission

Commitment to Innovation

In a world that is ever-changing, we strive to stay ahead by embracing technology while ensuring accessibility for all. Our digital services include online banking and mobile applications that allow you to manage your finances with ease. We also maintain ADA compliance at all branches so that everyone can comfortably access our services.

Community Engagement

Desco is more than just a credit union; we are a part of the fabric of Ashland. Through outreach programs and partnerships with local nonprofits, we aim to give back and strengthen the community we serve. We believe that when our members thrive, so does the entire community. With operating hours from 9:00 AM - 5:00 PM on weekdays and 9:00 AM - 1:00 PM on Saturdays for drive-thru service, we make it easy for you to connect with us. Plus, with ATM availability and drive-thru banking options, accessing your funds has never been simpler.

Join Us Today!

As we look ahead, we invite you to become part of the Desco family. Experience firsthand how our member-focused approach can benefit you financially while supporting local growth. Together, let's build a brighter future for Ashland! For more information or assistance, feel free to call us at 606-326-1118 or visit our website at descofcu.org.

Our Mission

Desco's mission is simple yet profound: to enhance the financial well-being of our members and support the community around us. We believe that everyone deserves access to quality financial services without barriers. That's why we offer a wide range of products tailored for personal banking, auto loans, mortgages, and business financing all designed with your needs in mind. We are dedicated not only to helping you achieve your financial goals but also to investing in local initiatives that uplift our community. Our partnerships with various organizations allow us to contribute meaningfully and create positive change.

Branch Location & Accessibility

Accessibility Features

At Desco, we prioritize making banking accessible for everyone. Our branch is fully ADA compliant, featuring ramps and ample parking for all our members. You'll find plenty of parking spaces right outside our door, so you won't have to worry about finding a spot during your visit.

Operating Hours

We know life can get busy! That's why we offer convenient operating hours to fit your schedule. Our lobby is open Monday through Friday from 9:00 AM to 5:30 PM. If you need to use our drive-thru service, we're here for you Monday through Friday from 8:30 AM to 5:30 PM and on Saturdays from 9:00 AM until 1:00 PM.

Services Offered

Desco provides a range of services tailored to meet your personal and business banking needs. From checking and savings accounts to auto loans and mortgages, we've got you covered. Need cash? Our ATM is available for quick withdrawals and balance checks anytime during operating hours. Whether you're looking for a simple deposit or exploring loan options, our friendly staff is ready to assist you with all your banking needs.

Visit Us Today!

We invite you to come by Desco and experience the difference of community banking. If you have any questions or would like more information about our services, don't hesitate to give us a call at 606-326-1118. We look forward to seeing you soon!

Member Eligibility

At Desco, we believe that everyone deserves a supportive financial partner, and becoming a member is your first step towards that. If you're in our community or work for one of the many companies we serve, you may already qualify! Our membership is open to individuals who live, work, worship, or attend school in our designated areas. This means that if you're part of the vibrant community around 1211 Carter Ave Ashland Ky 41101, you're likely eligible to join us and enjoy all the benefits we offer, from competitive loan rates to personalized service. Joining is simple and welcoming; just reach out to us at (606) 326-1118 for assistance or visit our website for detailed eligibility criteria at . We're excited to have you as part of our family and look forward to helping you achieve your financial goals!

Business Banking & Commercial Services

Merchant Services That Work for You

Imagine having a reliable way to accept payments from your customers while keeping track of sales effortlessly. Our merchant services provide just that. With easy-to-use tools, businesses can process transactions quickly, manage inventory, and even analyze customer data all from one platform. This means you can spend less time on administrative tasks and more time focusing on what truly matters: growing your business. Join us at Desco, located at 1211 Carter Ave Ashland Ky 41101, and discover how our business banking solutions can help you thrive. For more information or to get started, call us at (606) 326-1118 today!

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $340 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $2 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $74,969,882, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Auto Loans & Vehicle Financing

If you're dreaming of a new car or need financing for a reliable vehicle, our Auto Loans & Vehicle Financing options can help make that dream a reality. We offer competitive rates and flexible terms tailored to fit your budget. Picture yourself driving off the lot with confidence, knowing you've secured a great deal through Desco.

Business Banking Solutions

For our business members, we offer tailored services including Merchant Services & Business Loans. Whether you're starting a new venture or expanding an existing one, we have the resources and support necessary for your success.

Convenient Access Points

In addition to these robust offerings, we also provide essential access points like ATM & Cash Withdrawal Services and Basic Drive-Thru Banking for deposits and withdrawals. With our ATM available 24/7 and drive-thru hours from 8:30 am - 5:30 pm on weekdays (and 9:00 am - 1:00 pm on Saturdays), banking has never been more convenient. At Desco, we're more than just a credit union; we're your partner in achieving financial well-being. If you're ready to take control of your finances or if you have any questions about our services, don't hesitate to reach out! Call us at (606) 326-1118, or visit us today at 1211 Carter Ave Ashland Ky 41101 in Ashland, KY. Let's work together towards achieving your financial dreams!

Credit Cards with Rewards

Why not earn rewards while you spend? Our Credit Cards with Rewards offer great benefits for everyday purchases. Use them for groceries, gas, or dining out every swipe gets you closer to earning points for travel, cashback, or other exciting rewards.

Mortgage Loans & Refinancing

Homeownership can be within reach thanks to our comprehensive Mortgage Loans & Refinancing services. Whether you're buying your first home or looking to refinance an existing mortgage, we provide expert guidance throughout the process. Our team is here to ensure you find the best solution that fits your lifestyle and financial goals.

Personal Banking

For those who want to keep their finances organized and accessible, our Personal Banking options include both checking and savings accounts. You can easily track your spending and savings through our user-friendly Online & Mobile Banking platforms, making it simple to manage your money wherever you are. Imagine being able to check your balance or transfer funds with just a few taps on your phone!

Personal Loans & Debt Consolidation

Sometimes life throws unexpected expenses your way. Our Personal Loans & Debt Consolidation options are designed to provide quick access to cash when you need it most. With straightforward terms and personalized service, we aim to ease any financial burdens you may face.

Digital & Online Banking

Key Features of Our Digital Banking Services

Our online banking service is available 24/7, giving you the freedom to handle your banking needs on your schedule. Whether you're at home or on the go, you can access your accounts and perform transactions whenever it suits you best. Plus, with our person-to-person transfer feature, sending money to friends or family is straightforward and hassle-free. For those who prefer mobile solutions, we have a user-friendly mobile application that allows you to bank right from your smartphone. You can easily make deposits, view e-statements, and even manage alerts to keep track of your spending all in the palm of your hand.

Security and Accessibility

Security is a top priority at Desco. While we don't currently use electronic signature authorization for transactions, rest assured that our online banking systems are equipped with robust security measures to protect your information. We want you to feel confident when managing your finances digitally. E-statements are available too, which means you'll get quick access to important documents without the clutter of paper. This not only helps you stay organized but also contributes to a more sustainable environment. In short, our digital and online banking services at Desco are designed for ease of use and real-time account management. Join us today to experience a new level of convenience in banking!

Financial Strength

Conclusion

Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Desco is your trusted partner. Visit us at 1211 Carter Ave Ashland Ky 41101 or call (606) 326-1118 to learn more about how we can help you achieve your financial goals.

Operational Efficiency

Our $2,547,674 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. It's this efficiency that allows us to remain agile and responsive to your needs. We also take pride in having 113 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team dedicated to your success.

Reinvesting in Our Community

With $29,702,235 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. This approach allows us to continually improve your banking experience while ensuring your funds are used effectively. Our lending capacity supports members' financial goals across various sectors with $2,925 in used auto loans and $321,567,551 in total loans and leases. Whether you're looking for an auto loan or personal financing solutions, we're here to help make those dreams a reality.

Safe and Rewarding Savings

Members' savings are secured through $87,890,812 in share certificates and $50,466,897 in money market shares, offering stable and rewarding financial growth opportunities. These options allow you to grow your savings with confidence, knowing they are backed by a trustworthy institution. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Strong Financial Health

With a net worth of $54,781,563, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. This robust net worth showcases our ability to support our members while navigating any economic challenges that may arise. Our net worth ratio of $1,078 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. This ratio reflects our strength in managing resources wisely for the benefit of our members.

Loan Offering

At Desco, we understand that financial needs vary from person to person. That's why we offer a range of loan products designed to fit your unique situation. Whether you're looking to buy a new car, finance a used vehicle, purchase a home, or manage personal expenses, we've got you covered. With over 14,232 loans issued, we've helped thousands of members achieve their financial goals. Our auto loans are particularly popular; if you're looking to buy a new car, our competitive rates have already facilitated $7,390,823 in new vehicle loans and $31,202,553 in used vehicle loans, helping many members get on the road smoothly. Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $11,595,550. These options make buying or refinancing simple and accessible for our members. For those looking to manage day-to-day expenses or unforeseen costs, we also provide flexible terms on unsecured credit card loans. With a total of $3,830,413 in loans available, you can find peace of mind knowing you have support when you need it most. If you're a business owner, consider our outstanding commercial loans totaling $74,969,882. These provide the capital needed to grow and expand your business without the stress often associated with financing. At Desco, we pride ourselves on offering competitive rates and flexible repayment options across all our loan products. Plus, if you're considering refinancing or need assistance understanding your eligibility options, our dedicated team is here to help guide you through the process. For more information or to start your application today, feel free to contact us at (606) 326-1118 or visit us at our branch located at 1211 Carter Ave Ashland Ky 41101 in Ashland, KY. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let us assist you in reaching your financial aspirations!

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