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 who live or work in the communities of Portsmouth, New Boston, Porter Township, and Washington Township, Ohio. Later, the charter was further expanded to include those persons eligible for membership in the former Ironton Lawco Employees Federal Credit Union along with many other select employee groups. Effective January 1, 2004 Desco merged the former Solky Federal Credit Union in Ashland, Kentucky and was granted a community charter to serve the residents of Boyd County, Kentucky.
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