Langley Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.76%	3-year CD	36 Month CD Special 1.60% - Ally Bank High Yield 3 Year CD
1.76%	3-year IRA	36 Month IRA Special 1.09% - National Average
2.53%	5-year CD	60 Month CD Special 2.25% - Bank of Internet USA 60 Month CD

View all Langley Federal Credit Union rates »

Overview / Commentary

www.langleyfcu.org

757-827-5328

721 Lakefront Cmns Ste 400
Newport News, VA 23606

Langley Federal Credit Union is headquartered in Newport News and is the 5^th largest credit union in the state of Virginia. It is also the 90^th largest credit union in the nation. It was established in 1936 and as of June of 2017, it had grown to 502 employees and 239,096 members at 19 locations. Langley Federal Credit Union's savings rates are 3X 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

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.

Comment

1

Health

A

Data as of Q2 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #	1261
Year Chartered	1936
Employees	502
Primary Regulator

Profit Margin
Return on Assets - YTD	0.66%
Return on Equity - YTD	5.89%
Annual Interest Income	$40.1MM

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$2.41B$2.23B
Loans	Q2 2017vs Q2 2016	$1.85B$1.66B
Deposits	Q2 2017vs Q2 2016	$1.97B$1.80B
Equity Capital	Q2 2017vs Q2 2016	$267.1MM$254.6MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$17.3MM$16.9MM
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$17.6MM$13.9MM
Real Estate Owned	Q2 2017vs Q2 2016	$283.00K$321.00K

Rates

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