Langley Federal Credit Union


Overview / Commentary
757-827-5328
721 Lakefront Cmns
Newport News, VA 23606

Langley Federal Credit Union is headquartered in Newport News and is the 3rd largest credit union in the state of Virginia. It is also the 67th largest credit union in the nation. It was established in 1936 and as of June of 2023, it had grown to 711 employees and 363,353 members at 21 locations. Langley Federal Credit Union's money market rates are 11X the national average, and it has a B+ health rating.

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

Related Posts

Langley Top Rate: 13 Month/ 5.3% ; Previous 5.7% /14 Months Ended - 9/13/2023

It appears that Langley no longer offers its earlier exceptional rate of 5.7%. Langley's top rate now appears to be 5.3%.

Langley Federal Credit Union Adds Competitive 14-Month CD Special - 8/29/2023

Langley Federal Credit Union (easy membership) has a new, competitive 14-month CD Special for new members only. $500 minimum deposit of new money.

Langley Federal Credit Union Unveils Competitive 17-Month Promo CD - 7/7/2023

Langley Federal Credit Union (easy membership) has added a competitive 17-month Promotional Certificate. $500 minimum deposit of new money. Also as an IRA Certificate.

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Best Service Ever

I had a CD mature today, a Monday. I'd called on Friday and asked about moving the money to their new 15 month 5% special. The rep told me she'd call this morning to facilitate that request, AND SHE DID! A gold star for Jennifer at Langley. It is so rare for someone to follow through with their promises anymore. She got the docusign documents to me while she was on the phone, got the POD setup, and it was as easy as could be.

Very Efficient CU

Posted by: |

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!

What Happened

Posted by: |

I've been a member since the 70's. It's no longer the credit union I came to know and love. When I questioned it's decrease in customer service I was told that I shouldn't expect the same as it used to be because it's grown. It's current bill pay system is no longer user friendly and has caused me numerous late fees due to inability to get the bills scheduled appropriately. The previous bill pay was easy to access paid as well as scheduled and upcoming. That is no longer the case. I asked why it changed and was told "it was time". Should have asked the members if anything needed to be upgraded. Been very disappointed.

14-Month Rate Is False Advertising

Only for new members, if you are a member now, they dont want your money

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Health
B+

Health Grade Components

Overall
NCUA #1261
Year Chartered1936
Employees711
Primary Regulator
Profit Margin
Return on Assets - YTD0.68%
Return on Equity - YTD8.4%
Annual Interest Income$113.0MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$5.15B$4.49B
LoansQ2 2023vs Q2 2022$4.39B$3.83B
DepositsQ2 2023vs Q2 2022$4.38B$3.82B
Equity CapitalQ2 2023vs Q2 2022$417.4MM$408.3MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$23.0MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$37.9MM$22.3MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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
5.00%*-$1kLangley Saves
OTHER TIERS: 0.05% $1k+
0.05%$100-Savings Account

Langley Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*$1m*-Platinum Money Market Savings
OTHER TIERS: 1.50% $25k - $100k | 2.00% $100k - $250k | 2.50% $250k - $500k | 4.00% $500k - $1m
5.00%*$1m*-Business Platinum Money Market
OTHER TIERS: 1.50% $25k - $100k | 2.00% $100k - $250k | 2.50% $250k - $500k | 4.00% $500k - $1m
1.50%*$100k*-Traditional Money Market Savings
OTHER TIERS: 0.05% $100 - $2.5k | 0.60% $2.5k - $10k | 0.75% $10k - $25k | 1.00% $25k - $50k | 1.25% $50k - $100k
1.50%*$100k*-Business Traditional Money Market
OTHER TIERS: 0.60% $2.5k - $10k | 0.75% $10k - $25k | 1.00% $25k - $50k | 1.25% $50k - $100k
0.50%*$100k*-Money Market IRA
OTHER TIERS: 0.25% $100 - $100k

Langley Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$10k-Platinum Checking

Langley Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.70%$500-14 Month CD Special - New Money
5.30%$500-13 Month CD Special - New money or Direct deposit
5.30%$500-Business 13 Month CD Special - New money or Direct deposit
4.50%$500-Business 18 Month CD w/ Active Rewards
4.50%$500-Business 24 Month CD w/ Active Rewards
4.50%$500-Business 30 Month CD w/ Active Rewards
4.50%$500-18 Month CD w/ Active Rewards
4.50%$500-24 Month CD w/ Active Rewards
4.50%$500-30 Month CD w/ Active Rewards
4.25%$500-Business 12 Month CD w/ Active Rewards
4.25%$500-Business 36 Month CD w/ Active Rewards
4.25%$500-Business 48 Month CD w/ Active Rewards
4.25%$500-Business 60 Month CD w/ Active Rewards
4.25%$500-12 Month CD w/ Active Rewards
4.25%$500-36 Month CD w/ Active Rewards
4.25%$500-48 Month CD w/ Active Rewards
4.25%$500-60 Month CD w/ Active Rewards
1.50%$100-Business 6 Month CD w/ Active Rewards
1.50%$100-6 Month CD w/ Active Rewards
0.75%$100-Business 3 Month CD w/ Active Rewards
0.75%$100-3 Month CD w/ Active Rewards

Langley Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.30%$500-13 Month IRA Special - New money or Direct deposit
4.50%$500-18 Month IRA
4.50%$500-24 Month IRA
4.50%$500-30 Month IRA
4.25%$500-12 Month IRA
4.25%$500-60 Month IRA
4.25%$500-36 Month IRA
4.25%$500-48 Month IRA
Locations

Availability



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