Langley Federal Credit Union

Overview / Commentary
721 Lakefront Cmns
Newport News, VA 23606

Langley Federal Credit Union is headquartered in Newport News and is the 5th largest credit union in the state of Virginia. It is also the 86th largest credit union in the nation. It was established in 1936 and as of June of 2019, it had grown to 530 employees and 261,066 members at 19 locations. Langley Federal Credit Union's money market rates are 5X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Langley Federal Credit Union is open to anyone through joining the VersaBility Resources ($5 fee), Friends of Carrollton Library ($5 fee), Friends of Suffolk Public Library ($5 membership fee), Friends of Gloucester Library ($5 fee), Friends of Poquoson Library ($5 fee), Friends of Portsmouth Library ($5 fee), or Virginia Association of Museums ($15 fee). Membership is also open to employees, members and students of Cox Communications, County of Gloucester, Food Lion, and select area companies,organizations, or schools. (Detailed membership requirements are listed in the credit union's online application)
See current membership details

Related Posts

14 Month CD At 3 Percent New Money - 9/26/2019

I opened one today. Was simple and easy to fund. 3 percent is a no brainer. Move your money while it last

Langley Federal Credit Union Has New 14-Month CD, 3.04% APY - 9/25/2019

Langley Federal Credit Union is offering a 14-month Promotional Certificate (3.04% APY) on a nationwide basis. The minimum deposit is 1k of new money.

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Reviews (3)

Langley FCU Smart Checking Account

Posted by: Friedwill | Aug 30, 2017

Langley Federal Credit Union has a smart checking plus account that offers me multiple benefits over the regular checking account members. These benefits include mobile banking, online bill pay, and eStatements, all of which are free. Also there is not a minimum balance and there are never any member fees or service charges. One of my favorite features that they offer is the early payday deposit. I can generally have my full paycheck available to me a day before most other people that I work with. Another benefit is that when you use their debit card they deposit $0.10 into your checking account. Also Langley waives ATM fees at other ATMs. Their interest rates for savings and checking accounts are not very good however. The best that I am aware of with them is around 1% and that is only for lower amounts. Upgrading from smart checking to smart checking plus was almost automatic, the only requirements that I remember were signing up for online statements and maintaining a minimum of $500 in your account. Overall I have enjoyed dealing with Langley Federal Credit Union over the past 12 years that I have been with them.

CD Rates June 2019

CD rates for Langley can be found at:

I don't know why they are not listed on Deposit Accounts.

Could Have Been Great - If They Followed Up On Communication

I joined Langley about a month ago, and soon after saw they had a promotion for auto refinance: $250 cash, and they also give you back 10% of the interest you pay. The rate was the same as I'm paying now, so I decided to do it. Unfroze my credit report since they said a new pull was required for auto (even in the 30 day window from joining), and did the online app. It sat there for about 2 weeks as pending, with no communication from Langley at all. I called a few times to check on it and was always promised someone would get back/reach out to me, but no one ever did. I was definitely unimpressed at this point so I decided to see if email would be a better avenue. After some googling, found a VP of Consumer lending and sent an email explaining everything to him - no reply. Finally the status changed to DECLINED, reason: Not eligible for membership in this CU. WHAT?! So I called them yet again, and explained that I was already a member, and I applied through online banking so my member # was on the application. The CSR was as confused as I was, but they promised to have a supervisor look into it. A few more days passed w/o communication, so I called in again. A very nice and apologetic gentleman said he really wanted to help me and promised he'd call back within 24 hours or so - this was a week ago, and I still have yet to hear from anyone. I tried emailing higher up just to see if anyone would follow up with me, and 4 business days later, no one has reached out. I can't imagine continuing to do any kind of business with a credit union that so blatantly ignores its members.


Health Grade Components

NCUA #1261
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD10.36%
Annual Interest Income$59.0MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$2.97B$2.62B
LoansQ2 2019vs Q2 2018$2.21B$2.08B
DepositsQ2 2019vs Q2 2018$2.37B$2.15B
Equity CapitalQ2 2019vs Q2 2018$312.8MM$283.2MM
Loan Loss AllowanceQ2 2019vs Q2 2018$16.4MM$17.6MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$13.3MM$15.6MM
Real Estate OwnedQ2 2019vs Q2 2018$0$833.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

14 Month CD At 3 Percent New Money

garyh1961   |  
I opened one today. Was simple and easy to fund. 3 percent is a no brainer. Move your money while it last

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Always verify rates and promotions with the bank or credit union. We are not Langley Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Langley Federal Credit Union Savings Account Rates

1.21%*$5$1kLangley Saves
OTHER TIERS: 0.05% $1k+
0.05%$100-Savings Account
0.05%$100-U-Win Savings

Langley Federal Credit Union Money Market Rates

2.02%*$250k*-Money Market IRA
OTHER TIERS: 0.25% $100 - $100k | 1.00% $100k - $250k
2.02%*$250k*-Platinum Money Market Savings
OTHER TIERS: 1.16% $25k - $100k | 1.41% $100k - $250k
2.02%*$250k*-Platinum Business Money Market
OTHER TIERS: 1.16% $25k - $100k | 1.41% $100k - $250k
1.00%*$100k*-Money Market Savings
OTHER TIERS: 0.05% $100 - $2.5k | 0.10% $2.5k - $10k | 0.25% $10k - $25k | 0.40% $25k - $50k | 0.65% $50k - $100k
1.00%*$100k*-Business Money Market
OTHER TIERS: 0.05% $100 - $2.5k | 0.10% $2.5k - $10k | 0.25% $10k - $25k | 0.40% $25k - $50k | 0.65% $50k - $100k

Langley Federal Credit Union Checking Account Rates

1.00%$10k-Platinum Checking
0.25%$1k$1kLangleyPays Checking

Langley Federal Credit Union CD Rates

2.27%$1k-12 Month CD
2.27%$1k-18 Month CD
2.27%$1k-30 Month CD
2.27%$1k-60 Month CD
2.27%$1k-24 Month CD
2.27%$1k-36 Month CD
2.27%$1k-48 Month CD
2.27%$1k-Business 12 Month CD
2.27%$1k-Business 18 Month CD
2.27%$1k-Business 24 Month CD
2.27%$1k-Business 36 Month CD
2.27%$1k-Business 60 Month CD
2.27%$1k-Business 48 Month CD
2.27%$1k-Business 30 Month CD
1.51%$1k-6 Month CD
1.51%$1k-Business 6 Month CD
1.00%$1k-3 Month CD
1.00%$1k-Business 3 Month CD

Langley Federal Credit Union IRA Rates

2.27%$500-12 Month IRA
2.27%$500-18 Month IRA
2.27%$500-60 Month IRA
2.27%$500-24 Month IRA
2.27%$500-36 Month IRA
2.27%$500-48 Month IRA
2.27%$500-30 Month IRA


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