Desco Credit Union Greenup KY | Affordable Auto Loans & Business Banking

Introduction

Welcome to Desco Federal Credit Union, where your financial wellbeing is our top priority! Located at 501 Seaton Ave, Greenup, KY 41144, we have been serving our community since 1963. With a strong commitment to fostering financial growth and stability, we proudly support over 25,202 members who trust us with their banking needs. At Desco, we understand that every member has unique goals and dreams. That's why we offer a wide range of services tailored just for you, including personal banking accounts, auto loans, mortgages, and business financing options. Our total assets stand at an impressive $508,126,802, which reflects our capability to provide robust financial solutions while ensuring your money is safe with us. Our team is dedicated to helping you navigate your financial journey. Under the leadership of CEO Jeff Lyons and Board President Richard Bussa, we prioritize transparency and community engagement. With 114 employees ready to assist you, our friendly staff ensures a personalized experience whether you visit us in person or engage with us through online banking. While members can visit us at 501 Seaton Ave, official correspondence should be sent to the same address as it doubles as our mailing location. If you need to reach out, don't hesitate to call us at 740-354-7791 or send a fax to 740-353-0745. Join us in strengthening our community by choosing Desco Federal Credit Union for your financial needs. We invite you to explore how our services can make a difference in your life. Visit our website at www.descofcu.org for more information or come see us today!

Branch History & Mission

At Desco Federal Credit Union, located at 501 Seaton Ave in Greenup, KY, we take pride in our rich history and unwavering commitment to serving our community. Since opening our doors in 1963, we have grown from a small financial institution into a trusted partner for over 25,000 members. With total assets reaching an impressive $508,126,802, we continue to thrive while maintaining our focus on providing exceptional financial services. Our mission is simple yet powerful: to empower our members through accessible financial solutions and community support. We believe that by prioritizing the needs of our members and investing in the communities we serve, we can create lasting positive impacts. Whether it's offering competitive loan rates or organizing local outreach programs, our goal remains the same to foster financial well-being for everyone. Throughout the years, Desco has embraced innovation while staying true to its core values. From enhancing online banking capabilities to ensuring ADA compliance across all services, we strive to create a welcoming and inclusive environment for all members. Our branch features convenient ATM access and drive-thru banking services for those who prefer quick transactions without stepping inside. While members can visit us at 501 Seaton Ave Greenup Ky 41144, official correspondence should be sent to our mailing address at 501 Seaton Ave, Greenup, KY 41144. We invite you to reach out with any questions by calling us at (740) 354-7791 during our operating hours of 8:30 AM to 5:30 PM, Monday through Friday. As we look ahead, we remain dedicated to strengthening community ties through partnerships and outreach initiatives. Join us at Desco Federal Credit Union and experience the difference of being part of a credit union that truly cares about your financial journey. Together, let's build a brighter future!

Branch Location & Accessibility

Welcome to Desco Federal Credit Union, your friendly financial partner located at 501 Seaton Ave in Greenup, KY. Nestled in the heart of Greenup County, our branch is not just a place for transactions; it's a community hub where members can access a variety of banking services with ease. Whether you're stopping by to make a deposit or inquire about our auto loans, we are here to serve you. While you can visit us at our convenient location on Seaton Ave, please note that any official correspondence should be sent to the same address. Our branch is easily accessible, with ample parking available for your convenience. We also prioritize accessibility features for all our members, ensuring everyone can comfortably navigate our space. You'll find us just a stone's throw away from local landmarks like the Greenup County Library and the beautiful Greenup Park, making it easy to combine your banking needs with other errands or leisure activities. At Desco Federal Credit Union, we pride ourselves on our welcoming atmosphere and dedication to customer service. Our operating hours are from 8:30 AM to 5:30 PM, Monday through Friday, providing plenty of time for you to stop in during your busy day. We also have drive-thru banking available for those who prefer the convenience of staying in their vehicle while handling transactions. For added convenience, we offer ATM services at our location so you can access your funds anytime. If you ever have questions or need assistance, don't hesitate to call us at 740-354-7791. Our friendly team is ready to help you with everything from personal checking accounts to business loans. We invite you to visit Desco Federal Credit Union today and experience how we make banking simple and accessible for all!

Member Eligibility

At Desco, we believe that everyone deserves a chance to be part of a caring and supportive financial community. Joining us is easy! If you live, work, worship, or attend school in the area around 501 Seaton Ave Greenup Ky 41144, you're likely eligible for membership. We welcome individuals from various backgrounds, so don't hesitate to check if you qualify! To explore all the details about eligibility, feel free to visit our website at . Becoming a member isn't just about opening an account; it's about gaining access to a range of personalized services designed with your needs in mind. As a member of Desco, you'll enjoy benefits like competitive loan rates, savings options, and exceptional customer service. Ready to take the next step? You can easily open an account by calling us at (740) 354-7791 or visiting our website for more information on the process. We can't wait to welcome you into our family!

Business Banking & Commercial Services

Real-World Merchant Services

In addition to loans, our merchant services simplify payment processing so you can focus on what matters most running your business. Imagine being able to accept payments quickly and securely, whether online or in-store. This means more satisfied customers and a smoother operation for you. If you're ready to take your business to the next level, visit us at 501 Seaton Ave Greenup Ky 41144 in Greenup, KY, or call us at (740) 354-7791. Let's work together to achieve your business goals!

Supporting Business Growth

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

Accessible Support

Our branch also provides basic drive-thru banking for simple transactions along with ATM access for withdrawals and balance checks. If you have questions or need assistance, don't hesitate to reach out! Call us at 740-354-7791, and our friendly staff will be more than happy to help you navigate your financial needs. At Desco Federal Credit Union, we're committed to being more than just a bank; we're a partner in your financial journey. Come visit us today at 501 Seaton Ave, or explore more about our services at descofcu.org. Your financial well-being is our priority!

Business Banking Services

If you're a business owner, you'll find value in our business banking services, including merchant services and business loans tailored to your needs. We know that running a business comes with its own set of challenges, and we're here to support you with financial products that help you grow.

Credit Cards and Rewards

Who doesn't love rewards? Our credit cards with rewards are designed to give back while you spend. Whether it's earning points for travel or cash back on purchases, we want to ensure that your spending works for you.

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why we offer robust online and mobile banking features. You can easily check your balance, transfer funds, and pay bills from the comfort of your home or on the go. With our ATM services, accessing cash is easier than ever whether through traditional ATMs or drive-thru options where basic transactions like deposits and withdrawals can be completed quickly.

Personal Banking Solutions

We understand that everyone's financial journey is unique. That's why our personal banking options include checking and savings accounts designed for everyday use. Whether you're saving for a vacation or managing day-to-day expenses, we've got you covered. If you're in the market for a new vehicle, consider our auto loans and vehicle financing. We offer competitive rates and flexible terms to make your car-buying experience smoother. For those looking to buy a home, our mortgage loans and refinancing services are here to assist you every step of the way. We aim to simplify the process so you can focus on finding your dream home. Additionally, if you're facing unexpected expenses or looking to consolidate debt, our personal loans and debt consolidation options can provide the relief you need.

Digital & Online Banking

Accessible Anytime

Whether you're using a laptop or a smartphone, accessing your accounts has never been easier. With Desco's digital banking services, managing your finances is straightforward and hassle-free. Join us today and experience the convenience of modern banking at http://www.descofcu.org.

Key Services at Your Fingertips

With our online banking platform, accessible through http://www.descofcu.org, you can effortlessly check balances, pay bills, and transfer funds all from the comfort of your home or on the go. Whether it's day or night, our 24/7 online banking services ensure you have real-time access to your financial information. For those who enjoy paperless transactions, we provide e-statements, allowing you to view your statements electronically. This not only keeps your records organized but also contributes to a more sustainable environment. And while we currently do not offer electronic signature authorization, our commitment to secure transactions remains strong.

Mobile Banking Made Easy

Our mobile application is here to simplify your banking experience even further. You can make person-to-person transfers easily with just a few taps on your phone. Although mobile payments aren't available yet, our app is user-friendly and designed for quick navigation. In addition to these features, we prioritize your security. Our systems are built with robust protections to keep your personal information safe while providing you with easy access to your accounts.

Financial Strength

Growing Membership

With a total of 35,640 share accounts, we show a strong and growing member base that trusts us with their finances. This trust allows us to operate effectively and continue serving our community with the utmost care. 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 501 Seaton Ave Greenup Ky 41144 or call (740) 354-7791 to learn more about how we can help you achieve your financial goals. *Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.*

Investment in Growth

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. Our commitment is reflected in our ability to offer $321,567,551 across various sectors, including $2,925 in used auto loans, supporting your dreams whether it's buying a car or securing a personal loan.

Member-Centric Savings Options

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. 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.

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. We take pride in having 113 full-time employees and 1 part-time employees who are dedicated to providing you with the best service possible.

Strong Financial Foundation

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. 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.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $31,202,553 in used vehicle loans and $7,390,823 in new vehicle loans already helping members get on the road. Whether you are interested in financing a brand-new vehicle or securing a reliable used one, our team is here to guide you through every step of the process.

Business Financing

For business owners looking to grow and expand their operations, our outstanding commercial loans totaling $74,969,882 provide the capital needed for success. We understand the unique challenges businesses face and are committed to supporting local entrepreneurs.

Credit Lines and Personal Loans

For those looking for additional flexibility in managing finances, we also offer credit lines with total amounts reaching $127,429,061. These lines can be used for various purposes from unexpected expenses to planned purchases ensuring you have access to funds when you need them most.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $11,595,550, make buying or refinancing simple. We provide flexible terms and support to help you navigate the journey to owning your home.

Refinancing Options

If you're considering refinancing any existing loans or want to learn about eligibility options for our various loan products, our experienced staff is available at your convenience. Feel free to reach out via phone at 740-354-7791, or visit us at our branch located at 501 Seaton Ave Greenup Ky 41144. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. At Desco Federal Credit Union, we're here to help you make informed decisions about your financial future with confidence.

Unsecured Credit Card Loans

We recognize that managing everyday costs is crucial for our members. That's why we also offer flexible terms on unsecured credit card loans, with a total of $3,830,413 in loans helping members manage their finances effectively. Our credit cards come with rewards and benefits designed to make your spending work harder for you.

Loan Aggregator

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Desco