Written by Jessica Merritt | Edited by Rebecca Stropoli | Published on 3/28/2025
Langley Federal Credit Union was established in 1936 as the National Advisory Committee for Aeronautics (NACA) Laboratory Federal Credit Union. The credit union now serves more than 300,000 members and exceeds $4 billion in assets. Members can access about 20 branches, with most in Virginia and one in Raleigh, North Carolina, and more than 55,000 fee-free ATMs nationwide.
Checking accounts: Select from several checking account options, including the customizable MyDesign Checking series with your choice of free features. Those include a 4.00% annual percentage yield (APY) on high-yield savings account balances up to $25,000; two complimentary nonsufficient funds passes; ATM surcharge reimbursements; and free automatic transfers to prevent overdrafts. A rebate option allows you to earn 10% of the monthly interest paid on a Langley auto loan.
Want it all? You can bundle the high-yield savings, fee waivers and rebate features for $9.95 per month. The website says members can save more than $800 annually by choosing the bundling option, so the fee could be worth it.
Simpler checking accounts include Platinum Checking, which earns a 0.75% APY on balances of $10,000 or more, and Essential Checking, designed for members with no credit or bad credit.
Savings accounts: The Langley Savings Account establishes your membership with the credit union but earns just 0.05% APY on balances of $100 or more. You can earn more — up to 4% APY on balances of up to $1,000 — with a Langley Saves high-yield savings account. That rate, however, declines significantly to 0.05% on any balance over $1,000.
CDs and other accounts: If you’re looking to earn more, you may consider opening certificate accounts — similar to bank CDs — with APYs up to 4.5%, depending on the term you choose. The minimum amount to open a certificate is $500. Langley also provides money market accounts, holiday-shopping accounts and youth savings accounts.
Customer service: Reach live help at 800-826-7490 from 8 a.m. to 6 p.m. Eastern time Monday through Friday and from 8:30 a.m. to 1 p.m. ET on Saturday. Support is also available via online chat, secure messaging, or appointment by phone or at a branch.
Langley offers online and mobile banking features. You can access your mobile wallet, view account information, schedule transfers, pay bills and more.
Pros and cons of Langley Federal Credit Union
Pros:
• Flexible checking account features
• More than 55,000 surcharge-free ATMs nationwide
• Competitive high-yield savings and checking account options
Cons:
• Limited number of physical branches, with just one outside of Virginia
• Less-than-stellar rate on high-yield savings account for balances higher than $1,000
• Monthly fee to access all of the best checking account features
Field of Membership Restrictions
Membership in Langley Federal Credit Union is open to all U.S. citizens/resident aliens who open a Share Savings Account with a $5 minimum deposit..
See current membership details
Very Efficient CU
On Monday (10/3) my wife applied for membership online as she wanted to transfer an IRA. On Tuesday she received a welcome letter with her membership number. She went online a filled out an IRA application and that same day got a response with the documents to complete with all the necessary instructions. She returned them Wednesday and got an immediate response from a live representative that the request was being processed. That afternoon she received an email from the other institution telling her that a transfer request had been received and was being processed. None to done in three days. Can't beat that with a stick!
10 Month CD 5.25% APY Special
Credit unions have slightly better rates. This one is more liberal with who they let open accounts. Once you start the online application process they use Plaid (third party) to link to the bank you want to fund your CD with. My funds were at Fidelity which is a pretty large financial firm. Would not connect. Tried another bank. That didn't work either. I tried to link Ally Bank... that worked except that isn't where I had the funds. I called and spoke with someone and they told me to fund it from Ally with the minimum $500 and you are also required to keep $5 in the share account. This allowed me to get set up with a routing and account number. I was told as long as I wired the remaining funds to the share account within 10 days they would manually add it to the CD. Fidelity doesn't charge for wires but it does take several hours for it to go thru and show up. It was a bit tricky but there were very short wait times to speak with a customer service rep. Once the funds showed up I called and the rep added the amount to complete the CD. There is a $50k limit for this special rate which is probably gone by now. So far so good. Decent website. Responsive customer service reps willing to help. These teaser rates prob. won't be around when the CD matures. I will likely move the funds again. When are they going to raise FDIC and NCAU deposit insurance!
Beware: Electronic Transfers Take 3-5 Business Days
Members Beware.!!! On December 20th on Langley's web site, I transferred money from another credit union to my account on Langley and selected timeframe "Immediate". The money was taken from the other credit union the next day (Dec 21). Today is Dec 26, still not showing up in my account on Langley Federal Credit Union. Called Langley several times and they told me it takes 3 to 5 "business days" for the funds to appear. This was never stated on the web site when I made the transfer. Then informed me that the funds will not show up until Dec 28 or 29!!!. This is a credit union to credit union electronic transfer. What the heck!! Still do not have it..
WHY IS A NICE CD AVAILABLE TO NEW MEMBERS ONLY?
i AM WONDERING WHY THIS 10 MONTH cd paying 5.25% NOT AVAILABLE TO MEMBERS AS WELL. DOES THIS MEAN THAT ONCE I BECOME A MEMBER, LANGLEY TREAT ME BADLY? I WILL BE VICTIMIZES NEXT.MEMBERS ARE THE LIFE BLOOD OF ALL CREDIT UNIONS.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1261 |
| Year Chartered | 1936 |
| Employees | 699 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.15% |
| Return on Equity - YTD | 1.88% |
| Annual Interest Income | $71.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $5.53B$5.37B |
| Loans | Q1 2025vs Q1 2024 | $4.54B$4.6B |
| Deposits | Q1 2025vs Q1 2024 | $4.77B$4.62B |
| Equity Capital | Q1 2025vs Q1 2024 | $448.6MM$434.8MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $63.1MM$56MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $52.2MM$50.4MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
