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About Us

Our History

Desco Federal Credit Union was originally established in 1963 to serve the employees of Detroit Steel Corporation in Portsmouth, Ohio. With the closing of Detroit Steel, Desco Employees Federal Credit Union’s name was changed to Desco Federal Credit Union and its charter was also changed to provide service to all eligible persons in our chartered communities.

Persons who live, work (or regularly conduct business in), worship, or attend school in and businesses and other legal entities located in Lawrence and Scioto Counties, Ohio; Cabell or Wayne Counties, West Virginia; Boyd or Greenup Counties, Kentucky. Spouses of deceased members; employees of this credit union; volunteers in the community; members of their immediate family or household; and organizations of such persons.

What is a Credit Union?

Credit unions differ from other financial institutions in that those who have accounts in the credit union are its members and owners, and they elect their board of directors in a one-person-one-vote system regardless of their amount invested. Credit unions see themselves as different from mainstream financial institutions, with a mission to be “community-oriented” and “serve people, not profit”.

Credit unions offer many of the same financial services as other financial institutions, but often using a different terminology; common services include share accounts (savings accounts), share draft accounts (checking accounts), credit cards, share term certificates (certificates of deposit), and online banking.

Normally, only a member of a credit union may deposit or borrow money. Surveys of members at credit unions have consistently shown a significantly higher member satisfaction rate with the quality of service at credit unions. Credit unions have historically claimed to provide superior member service and to be committed to helping members improve their financial situation.


Who can join a Credit Union?


Residents of Scioto and Lawrence County in Ohio, Boyd and Greenup County in Kentucky, and Cabell and Wayne in West Virginia are automatically eligible to become a member of the credit union.

In addition, you may qualify through family relationships, employment, association membership, religious affiliation, or attendance at a local university or by volunteering in any of these areas. Contact your closest branch office to determine how you may be eligible to take advantage of all of our services.



To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents

Board of Directors

Desco’s Board of Directors is comprised of nine members. They are responsible to oversee and direct the corporate activities. Board Members are elected at our Annual Meeting and serve staggered three-year terms as volunteers. Many of our Board members have long-term relationships with the credit union as members and have held various positions on the Board and/or Supervisory Committee.

Richard Bussa, Chairman
57 Years of service

George O’Neal, Vice Chairman
47 Years of service

George Lawson, Secretary
35 Years of service

Max Behrer, Treasurer
29 Years of service

John Queen
33 Years of service

D. R. Gossett
22 Years of service

Carolyn Powell
14 Years of service

Summer Kirby
5 Years of service

Sam McKibbin
5 Years of service

Supervisory Committee

Desco’s Supervisory Committee’s primary responsibility is to assure that the credit union operates in accordance with the rules and regulations set forth by the National Credit Union Administration (NCUA) and other regulators, that internal controls are established and effectively maintained, and that the Board of Directors’ plans, policies and procedures are properly administered. The committee helps to protect the interests of Desco members by ensuring that the credit union operates in a safe and sound manner. Supervisory Committee members are appointed by the Board.

Kim Cutlip
14 Years of service

Dovel Myers
5 Years of service

Jerry Blanchard
2 Years of service

Kevin Blevins

Ralph Clay