Desco Credit Union Portsmouth OH | Affordable Auto Loans & Business Banking

Introduction

At Desco Federal Credit Union, we believe in building a strong community and supporting our members every step of the way. Established in 1963, our mission has always been to provide personalized financial services tailored to meet your needs. Located at 401 Chillicothe St, Portsmouth, OH 45662, we proudly serve over 25,202 members with a commitment to excellence. With total assets amounting to an impressive $508,126,802 and total deposits reaching $69,431,046, we have established ourselves as a reliable financial partner. Our leadership team, led by CEO Jeff Lyons and Board President Richard Bussa, works tirelessly to ensure that your financial well-being is our top priority. We employ a dedicated staff of 114 professionals, ready to assist you with a range of services including personal banking, auto loans, mortgage financing, and more. Our focus on community impact is reflected in our robust loan portfolio of 14,232 loans and leases totaling over $321,567,551. Whether you're looking for a new car or planning your dream home, we're here to help make those dreams a reality. While members can visit us at our branch location for all their banking needs, official correspondence should be sent to our mailing address: P.O. Box 1546, Portsmouth, OH 45662. Experience the Desco difference today! Call us at 740-354-7791 or visit our website at www.descofcu.org to learn more about how we can help you achieve your financial goals. Your trust is our foundation; let's build a brighter future together!

Branch History & Mission

Welcome to Desco Federal Credit Union, a cornerstone of financial support in Portsmouth, OH since 1963. Over the years, we have nurtured a rich legacy of service and community dedication, evolving from a small cooperative into a trusted institution that proudly serves over 25,000 members. Located at 401 Chillicothe St, our branch is easily accessible and surrounded by the vibrant heart of Portsmouth. At Desco, our mission is straightforward yet profound: to empower our members through exceptional financial services while fostering community growth and well-being. We believe in the power of people helping people. Every decision we make reflects our commitment to providing financial products that not only meet your needs but also contribute positively to the communities we serve. Since opening our doors, we have grown significantly. With total assets exceeding $508 million, we have established ourselves as a solid partner for all your banking needs. Whether you're looking for personal banking solutions like checking and savings accounts or seeking assistance with auto loans and mortgages, Desco is here for you. Our focus extends beyond just transactions; we strive to build long-lasting relationships based on trust and support. While members can visit us at our physical location at 401 Chillicothe St, official correspondence should be sent to P.O. Box 1546, Portsmouth, OH 45662. We are proud to offer convenient operating hours from 9:00 AM to 5:00 PM on weekdays, ensuring you have ample opportunity to connect with us when it suits you best. As part of our commitment to modern banking practices, we provide essential digital services including online banking and mobile applications that simplify your financial management. Our ATM availability ensures that you can access your funds quickly and easily whenever you need them. Desco Federal Credit Union is more than just a bank; it's a community partner dedicated to uplifting those around us. Through various outreach programs and partnerships with local organizations, we actively contribute to initiatives that enhance the quality of life in Portsmouth. Join us at Desco Federal Credit Union today! Experience firsthand how our mission translates into meaningful support for your financial journey and discover why so many in Portsmouth choose us as their trusted financial partner. Together, let's build a brighter future for you and our community!

Branch Location & Accessibility

Welcome to Desco Federal Credit Union, your friendly financial partner located right at 401 Chillicothe St in Portsmouth, OH. Our branch is easy to find, nestled near local favorites and community landmarks that make banking a breeze. Whether you're popping in for a quick transaction or need to discuss your financial future, we are here for you! While members can visit us at 401 Chillicothe St, official correspondence should be sent to P.O. Box 1546, Portsmouth, OH 45662. We strive to make your experience as smooth as possible, which is why our branch features accessible parking and ADA-compliant facilities, ensuring everyone can visit comfortably. At Desco Federal Credit Union, we understand that your time is valuable. That's why we offer convenient operating hours from 9:00 am to 5:00 pm, Monday through Friday. Whether you're looking for personal banking options like checking and savings accounts or exploring our auto loans and mortgage services, our friendly staff is always ready to assist. In addition to our welcoming lobby, we also provide ATM access for those on the go. While we don't have drive-thru service at this location, our ATM ensures you can easily manage your cash withdrawal needs anytime. We invite you to come by or give us a call at 740-354-7791 if you have any questions or need assistance with our range of services. Experience the difference with Desco Federal Credit Union where community and convenience come together!

Member Eligibility

Joining the Desco community is more than just opening an account; it's about becoming part of a supportive family that cares about your financial well-being. At Desco, we welcome individuals who live, work, worship, or attend school in our local areas, as well as their family members. This means that if you have ties to Portsmouth or the surrounding regions, you're likely eligible to enjoy the benefits we offer. Membership opens doors to personalized services and competitive rates on loans and savings accounts, making it easier for you to achieve your financial goals. To get started on your journey with us at our branch located at 401 Chillicothe St, Portsmouth, OH 45662, simply give us a call at 740-354-7791 or visit our website for detailed eligibility criteria at http://www.descofcu.org. It's an easy process designed to be inclusive, ensuring that everyone can take advantage of our resources and support. We look forward to welcoming you as a member!

Business Banking & Commercial Services

Commercial Loans That Empower 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.

Merchant Services That Simplify Transactions

Imagine running your business without worrying about payment processes. Our merchant services make it easy for you to accept payments, whether in-store or online. Picture a busy Saturday at your café; with our efficient payment processing solutions, you can focus on delighting customers rather than managing transactions. Located at 401 Chillicothe St Portsmouth Oh 45662 in Portsmouth, OH, we're here to help your business thrive. Contact us at (740) 354-7791 to learn more about how our business banking and commercial services can work for you!

Comprehensive List Of Services

Accessibility and Support

At Desco, we prioritize accessibility for all our members. You can visit us during lobby hours from 9:00 am to 5:00 pm or reach us at (740) 354-7791 if you have questions about any of our services. We aim to create a welcoming environment where everyone feels comfortable seeking financial guidance. With so many services available at Desco Federal Credit Union, we're confident you'll find exactly what you need. Visit us today at 401 Chillicothe St Portsmouth Oh 45662 in Portsmouth, OH, and let us help you take the next step towards achieving your financial aspirations!

Business Banking Services

If you're an entrepreneur or business owner, Desco has got you covered too! Our business banking services, including merchant services and business loans, are designed to support the growth of your venture. We understand the challenges businesses face, and we're here to help simplify your financial management.

Digital Banking Convenience

In today's fast-paced world, we know convenience is key. That's why we have invested in robust online and mobile banking platforms that allow you to manage your accounts anytime, anywhere. Whether you're checking balances, making transfers, or paying bills online, our digital tools make it easy. Additionally, with our ATM & cash withdrawal services, you can access cash quickly at one of our convenient locations.

Personal Banking Solutions

We offer a range of personal banking options that make managing your money easier than ever. Our checking and savings accounts provide flexible choices for your daily banking needs, allowing you to earn interest while maintaining easy access to your funds. If you're looking to buy a new vehicle, our auto loans and vehicle financing solutions come with competitive rates and terms designed to fit your budget. For those dreaming of homeownership or needing to refinance, our mortgage loans and refinancing options can help turn that dream into reality. We also provide personal loans and debt consolidation services that empower you to manage expenses effectively without the stress of high-interest debt. And don't forget about our credit cards with rewards, offering great benefits for everyday purchases!

Digital & Online Banking

Accessibility Anytime

With our commitment to providing a robust online banking experience, you can rely on us for real-time account management at your fingertips. Whether you're at home or on the go, managing your finances has never been easier with Desco's digital solutions. Explore all that we have to offer today by visiting http://www.descofcu.org!

Key Services

Our online banking platform at http://www.descofcu.org makes it easy for you to check balances, transfer funds, and pay bills with just a few clicks. If you're looking to send money quickly to friends or family, our person-to-person transfer feature allows you to do so effortlessly. For members who prefer going paperless, we also offer e-statements, letting you view your financial information securely online instead of through the mail.

Security and Ease of Use

We prioritize your security while making sure our services are user-friendly. Although we do not currently support electronic signature authorization or mobile payments, our mobile application gives you the power to manage your account right from your smartphone. Whether you're making a payment or checking transactions, everything is designed with simplicity in mind.

Financial Strength

Growing Together

We are honored to have a growing member base with a total of 35,640 share accounts. This trust from our community reinforces our dedication to maintaining your financial well-being. 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 401 Chillicothe St Portsmouth Oh 45662 or call (740) 354-7791 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

Your savings are safe with us. Members' funds 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; this focus allows us to provide better loan rates and exclusive perks.

Operational Efficiency

Our operational efficiency is evident in our $2,547,674, which enables us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 113 full-time employees and 1 part-time employees who ensure our branches are always ready to serve you with a knowledgeable, committed team.

Our Solid 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.

Reinvesting for Your Benefit

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 lending capacity is robust as well, with $2,925 in used auto loans and $321,567,551 in total loans and leases available to support your financial goals across various sectors.

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. We aim to make financing simple and stress-free so you can enjoy your new ride without worry.

Business Loans

For business owners, our outstanding commercial loans totaling $74,969,882 provide the capital needed to grow and expand. We understand the challenges businesses face and are committed to offering tailored solutions that can help drive success.

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 guide you through the process every step of the way, ensuring that you have the support you need for such an important investment.

Refinancing Options

If you're considering refinancing any existing loans or credit lines, our team is ready to discuss eligibility options and help you find the best solution for your situation. Refinancing can often lead to lower monthly payments or better interest rates, making it worth exploring. At Desco, we strive to empower our members with financial tools that promote growth and stability. For more information about our loan offerings or to start an application today, feel free to reach out at (740) 354-7791 or visit us at 401 Chillicothe St Portsmouth Oh 45662 in Portsmouth, OH. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Unsecured Credit Card Loans

Managing your finances effectively is crucial. That's why we also offer flexible terms on unsecured credit card loans, with a total of $3,830,413 in loans helping our members take control of their spending. These cards come with competitive interest rates and no hidden fees just straightforward terms that put you first.

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