Desco Credit Union Portsmouth OH | Convenient Drive-Thru & ATM Services

Introduction

At Desco, located at 414 Washington St, Portsmouth, OH 45662, we believe in fostering a strong financial community where every member feels valued and supported. Since our establishment in 1963, we've dedicated ourselves to providing exceptional financial services tailored to the needs of our over 25,202 members. With a robust total asset base of $508,126,802 and total deposits reaching $69,431,046, we are committed to ensuring your hard-earned money is in safe hands. While you can visit us at our branch for personalized service and support, please note that official correspondence should be sent to our mailing address: P.O. Box 1546, Portsmouth, OH 45662. Our friendly team of 114 employees, led by CEO Jeff Lyons and Board President Richard Bussa, is here to guide you through various financial journeys. With a focus on community impact and member satisfaction, Desco has disbursed a significant number of loans over 14,232 loans and leases helping our members achieve their dreams, whether it's buying a new car or financing a home. Our commitment doesn't stop there; we also maintain a healthy net worth of $54,781,563 and have a cash reserve of $7,921,513 ready to serve our members' needs. When you choose Desco as your credit union, you're not just gaining access to banking services; you're becoming part of a community focused on mutual success. We invite you to connect with us today by calling us at 740-354-7791 or visiting our website at descofcu.org. Together, let's build a brighter financial future!

Branch History & Mission

At Desco, we take pride in our rich history and deep commitment to the Portsmouth community. Established in 1963, our branch has grown from a small local credit union into a trusted financial partner for over 25,000 members. Our address at 414 Washington St, Portsmouth, OH 45662 places us at the heart of the city, making it easy for you to access our services and support. From our early days, Desco has focused on providing exceptional financial services while fostering a sense of community. With total assets reaching an impressive $508,126,802, we have continually worked to ensure that our members have access to the resources they need for their financial journeys. Our mission is simple yet profound: we strive to empower our members through personalized financial solutions while giving back to the communities we serve. Over the years, we've made significant strides in advancing our services. We understand that in today's world, convenience is key. That's why we are proud to offer drive-thru banking for quick transactions and basic ATM services. While we currently do not have ATMs available at our branch, you can still rely on our friendly staff for deposits and withdrawals during our operating hours Monday through Friday from 8:30 AM to 5:30 PM and Saturday from 9:00 AM to 1:00 PM. Our commitment extends beyond just financial services; we actively engage with local organizations and initiatives to uplift those around us. Whether it's sponsoring community events or partnering with local charities, Desco aims to make a positive impact in Portsmouth and beyond. While members can visit us at 414 Washington St, official correspondence should be sent to P.O. Box 1546, Portsmouth, OH 45662. Feel free to reach out at 740-354-7791 if you have any questions or need assistance. We invite you to become part of the Desco family today! Experience firsthand how we're dedicated not only to your financial success but also to building a vibrant community together. Join us and discover what it means to be a member of Desco!

Branch Location & Accessibility

Operating Hours

We're here for you Monday through Friday from 8:30 AM to 5:30 PM and on Saturday from 9:00 AM to 1:00 PM. These hours are designed with your convenience in mind, allowing you to come in during the week or on weekends when it suits you best.

Parking and Accessibility

At Desco, we understand the importance of accessibility. Our branch offers ample parking space, so you can park without hassle. We are also committed to providing an inclusive environment with ADA-compliant features and ramps for those who need them.

Services Offered

Though we don't have ATMs available at our branch, we do provide drive-thru banking services for deposits, withdrawals, and simple transactions making it easier than ever to manage your finances on the go. If you're looking for personalized service or have questions about your accounts or loans, feel free to call us at 740-354-7791. Our team is always ready to assist you! We invite you to stop by Desco today and discover how we can help meet your financial needs. Whether you're a long-time member or new to our community, we look forward to serving you!

Member Eligibility

At Desco, we believe in creating a welcoming community where everyone can thrive. Becoming a member is easy and open to those who live, work, or worship in our local area, as well as their family members. This means that if you're part of the Portsmouth community or have loved ones who are, you can enjoy the benefits of membership. We offer a range of services designed to support your financial goals, from affordable loans to savings accounts with competitive rates. For more details about who qualifies for membership, you can visit this page for the most up-to-date eligibility information. If you're ready to take the next step, opening an account is a breeze just give us a call at (740) 354-7791 or stop by our branch at 414 Washington St Portsmouth Oh 45662. Join us today and discover the advantages of being part of the Desco family!

Business Banking & Commercial Services

Merchant Services That Make Sense

Imagine processing payments effortlessly while focusing on what you do best running your business. Our merchant services offer seamless solutions that make transactions simple and quick. From card processing to online payments, we equip you with the tools necessary to serve your customers efficiently. Located conveniently at 414 Washington St Portsmouth Oh 45662 in Portsmouth, OH, we're here to support your business needs. Call us at (740) 354-7791 or visit us today to discover how we can help your business thrive!

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

Banking Made Simple

We understand that managing finances can be challenging, which is why our services are designed with you in mind. For those who prefer traditional banking methods, our Basic Drive-Thru Banking allows you to make deposits, withdrawals, and other simple transactions without ever having to leave your vehicle. Whether you're rushing to work or picking up the kids, we're here to help you save time.

Digital Convenience

In today's fast-paced world, having access to digital banking features is essential. At Desco, we offer online banking that makes it easy for you to manage your accounts from anywhere. You can check your balance, transfer funds, and even pay bills all at your convenience. For those on the go, our mobile application provides similar features right at your fingertips.

Everyday Financial Needs

Imagine needing cash quickly for an unexpected expense or wanting to deposit a check during lunch. With our ATM services available, you can access your money whenever you need it. We recognize that financial emergencies happen, and we strive to provide solutions that fit seamlessly into your life.

Member-Centric Approach

At Desco, we pride ourselves on being member-focused. Whether it's assisting you with a simple transaction at the drive-thru or helping you navigate our online tools, we're here for you every step of the way. Our friendly staff is always ready to answer questions and guide you through any process. If you're looking for a credit union that understands your needs and prioritizes convenience and accessibility, look no further than Desco. We invite you to visit us at 414 Washington St Portsmouth Oh 45662 or give us a call at (740) 354-7791 for more information about how we can assist you today. Join us and experience banking made easy!

Digital & Online Banking

Key Features of Our Online Banking Services

With our user-friendly online banking platform available at http://www.descofcu.org, you can access your accounts 24/7. This means you can check your balance, transfer funds, and pay bills without stepping foot in a branch. Whether you're at home or on the go, real-time account management is just a click away. One of the standout features of our digital services is the ability to send money directly to friends or family through our person-to-person transfer option. This makes splitting expenses or sending gifts incredibly convenient. Plus, if you prefer to view your statements electronically, we offer e-statements for a more organized and eco-friendly way to manage your financial documents. For those who like to do their banking on their mobile devices, we have a mobile application that provides all the essential features right at your fingertips. While mobile payments are not available yet, our app ensures you can still manage your accounts easily and efficiently.

Security You Can Trust

We take security seriously at Desco. Your personal information is protected with advanced security measures, ensuring safe transactions every time you log in. Although we currently do not support electronic signature authorization, rest assured that your account security remains our top priority. In today's fast-paced world, having reliable digital banking options allows you to maintain control over your finances without added stress. Join us at Desco and experience the convenience of modern banking tailored just for you!

Financial Strength

Commitment to 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 lending capacity supports your financial goals across various sectors with $2,925 in used auto loans and $321,567,551 in total loans and leases.

Growing Membership Base

With a total of 35,640 share accounts, we have built a strong and growing member base that trusts us with their finances. Our net shares available for lending stand at $0, further demonstrating our commitment to supporting your needs. In 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 414 Washington 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

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 strong performance is reflected in our $2,547,674, showcasing our operational efficiency. This allows 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 are always ready to serve you with a knowledgeable, committed team.

Strong Financial Position

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. We have already issued over $31,202,553 in used vehicle loans and $7,390,823 in new vehicle loans to help our members get on the road. Whether you're purchasing a brand-new vehicle or a reliable used car, we have financing options that fit your budget.

Business Loans

For business owners in our community, we provide outstanding commercial loans totaling $74,969,882. These funds can give you the capital needed to grow and expand your business while making it easier to manage cash flow. At Desco, we pride ourselves on offering competitive rates and personalized service. If you're interested in any of our loan products or would like more information about refinancing options or eligibility criteria, feel free to reach out. You can contact us at 740-354-7791, or visit us at 414 Washington St Portsmouth Oh 45662. 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 Desco be your partner in achieving financial success!

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $11,595,550. We aim to make buying or refinancing simple and straightforward for our members. If you're considering refinancing your current mortgage or exploring eligibility options for a new one, our team is here to guide you through the process.

Unsecured Credit Card Loans

Managing everyday expenses can sometimes be challenging. That's why we also offer flexible terms on unsecured credit card loans. With a total of $3,830,413 in these loans available to our members, you can manage your finances more effectively without the worry of collateral requirements.

Loan Aggregator

Accurate Loan Comparisons

LendMesh ensures accurate loan comparisons by sourcing data directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards. This approach guarantees that users receive fair and transparent offers based on the latest results (Source: https://www.ncua.gov). By relying on verified financial institutions, LendMesh prioritizes reliability and accuracy in its comparisons.

Benefits of Using LendMesh

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. Users can trust that they are looking at credible options. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions. The goal is to provide unbiased results that serve the best interests of users. - Real-Time Rate Comparisons: With up-to-date loan rates from multiple institutions, LendMesh helps users make informed decisions quickly and effectively. Thousands of users trust LendMesh for their loan comparisons. One satisfied member shared their experience: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This testimonial underscores the value that real users find in this service. Compare real-time loan offers today at LendMesh and find the best rates for your needs. *Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.*

Desco