DESCO Credit Union Profile

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DESCO

Charter #15882 | NCUA Region 2 | FCU

Low-Income Designation: Yes

Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (740) 354-7791

Fax: (740) 353-0745

Founding Date: N/A

Website: http://www.descofcu.org

Personnel & Operations

President: Bussa, Richard

Manager: Lyons, Jeff

FT Employees: 116

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 00

Branches: 9

Hours: 9:00 AM TO 5:PM

Credit Union Profile Summary

DESCO is a FCU Credit Union. With a total of 25,187 members ^[1], this institution manages approximately $515,765,002 in total assets ^[1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 11.43% ^[1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -0.99% ^[1].

Financial Snapshot

Total Assets ^[1]

$515,765,002

Total economic resources.

Total Loans ^[1]

$317,857,103

Total value of outstanding loans.

Total Deposits ^[1]

$453,419,656

Total funds deposited by members.

Members ^[1]

25,187

Number of active members.

Performance Ratios

Net Worth Ratio ^[1]

11.43%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) ^[1]

1.26%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio ^[1]

70.10%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) ^[1]

↑ 2.10%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) ^[1]

↓ -0.99%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) ^[1]

↑ 0.03%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

401 CHILLICOTHE ST

PORTSMOUTH, OH, 45662

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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

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Branch Locations

Found 8 branches reported by DESCO (Charter #15882).

Type: Branch Office

8790 Ohio River Rd

Wheelersburg, OH 45694

Phone: (740) 574-8406

Services: None specified

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