Applications / Mortgage Analytics / Lenders / Ohio / Desco Federal Credit Union
Portsmouth, OH · Credit union · NCUA · $525 million assets · 241 loans in 2025
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241
loans originated, 2025
409
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Desco Federal Credit Union is an Ohio credit union that mostly finances home purchases, and it is one of the bigger lenders in Huntington-Ashland, its largest market.
Home purchases were 53.1% of its loans and refinances 39.8%. Nearly all, 98.3%, were conventional. Its 241 loans and $38.2 million put it near the middle of similar lenders (credit unions making between half and twice as many loans). Its typical loan, $125,000, was a little larger than their $105,000.
Low- and moderate-income (LMI) neighborhoods took 26.6% of its loans, against 16.3% at similar lenders, and higher than at about nine in ten of them. In 2020 the share was 17.4%. LMI borrowers took 30.9%, against 27.8%. Majority-minority neighborhoods took 0.4%, against 11.8%, which may reflect the places it serves, chiefly Huntington-Ashland and non-metro Ohio.
In Huntington-Ashland, where it has lent since 1991, it ranked 18 of 237 lenders. Its share slipped by 0.2 points to 1.7%. City National Bank of West Virginia ranked first. One possible reason is that it made 1% fewer loans, while similar lenders made 5% more and the whole market 10% more.
It made 233 loans in 2023, 243 in 2024 and 241 in 2025. That is far below the 765 it made in 2020 and the 732 in 2021.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Desco Federal Credit Union took 409 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 53.1% · Refinance 39.8% · Home improvement 4.6% · Other 2.5%
Conventional 98.3% · USDA (RHS or FSA) 1.2% · VA 0.4% · of 241 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Ohio | 139 | 57.7% |
| Kentucky | 88 | 36.5% |
| West Virginia | 14 | 5.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Huntington-Ashland | 117 |
| Lexington-Fayette | 4 |
| Akron | 1 |
| Toledo | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493002G1DPDOKT55X37 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 427287 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 515882 | 1991–2017 |
Established 1 January 1963. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Desco Federal Credit Union's data.
Desco Federal Credit Union's data
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Desco Federal Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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