Langley Federal Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
2.78%5-year CD
2.78%5-year IRA
1.76%1-year CD
View all Langley Federal Credit Union rates »

Overview / Commentary
757-827-5328
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 December of 2018, it had grown to 535 employees and 252,029 members at 20 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

Langley Federal Credit Union Adds 29-Month Promo CD - 9/20/2018

Langley Federal Credit Union (easy membership) has added a 29-month Jumbo Promotional Certificate Special, earning 3.04% APY. Minimum deposit is $50k.

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Reviews (2)

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.

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

Health Grade Components

Overall
NCUA #1261
Year Chartered1936
Employees535
Primary Regulator
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD6.18%
Annual Interest Income$92.2MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$2.82B$2.52B
LoansQ4 2018vs Q4 2017$2.13B$1.97B
DepositsQ4 2018vs Q4 2017$2.25B$2.06B
Equity CapitalQ4 2018vs Q4 2017$292.9MM$277.0MM
Loan Loss AllowanceQ4 2018vs Q4 2017$17.2MM$18.3MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$16.2MM$18.5MM
Real Estate OwnedQ4 2018vs Q4 2017$344.00K$77.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%*$250k*-Platinum Money Market Savings
OTHER TIERS: 1.26% $25k - $100k | 1.51% $100k - $250k
2.02%*$250k*-Platinum Business Money Market
OTHER TIERS: 1.26% $25k - $100k | 1.51% $100k - $250k
1.00%*$100k*-Money Market Savings
OTHER TIERS: 0.05% $100 - $2.5k | 0.10% $2.5k - $10k | 0.35% $10k - $25k | 0.50% $25k - $50k | 0.75% $50k - $100k
1.00%*$100k*-Business Money Market
OTHER TIERS: 0.05% $100 - $2.5k | 0.10% $2.5k - $10k | 0.35% $10k - $25k | 0.50% $25k - $50k | 0.75% $50k - $100k
0.50%$100-Money Market IRA

Langley Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$10k-Platinum Checking
0.25%$1k$1kLangleyPays Checking

Langley Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.04%$1k-46 Month CD
3.04%$1k-Business 46 Month CD
2.78%$1k-60 Month CD
2.78%$1k-17 Month CD Special
2.78%$1k-Business 17 Month CD Special
2.78%$1k-Business 60 Month CD
2.53%$1k-48 Month CD
2.53%$1k-Business 48 Month CD
2.27%$1k-36 Month CD
2.27%$1k-Business 36 Month CD
2.02%$1k-30 Month CD
2.02%$1k-Business 30 Month CD
1.92%$1k-24 Month CD
1.92%$1k-Business 24 Month CD
1.76%$1k-12 Month CD
1.76%$1k-18 Month CD
1.76%$1k-Business 12 Month CD
1.76%$1k-Business 18 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.04%$1k-46 Month IRA
2.78%$500-60 Month IRA
2.78%$500-17 Month IRA Special
2.53%$500-48 Month IRA
2.27%$500-36 Month IRA
2.02%$500-30 Month IRA
1.92%$500-24 Month IRA
1.76%$500-12 Month IRA
1.76%$500-18 Month IRA
Locations

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