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Langley Federal Credit Union


Overview / Commentary
www.langleyfcu.org
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 69th largest credit union in the nation. It was established in 1936 and as of June of 2024, it had grown to 686 employees and 381,401 members at 22 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

9-Month Certificate, 6.00% APY, Very Limited Availability - 1/8/2024

Must be opened in person in the new Short Pump Branch at 11151 W Broad Street, Glen Allen, Virginia (outside of Richmond). The following info can be found at https://www.langleyfcu.org/9-month-promo-certificate. Annual Percentage Yield of 6.00% for a 9-Month Certificate. The minimum balance to open the certificate is $500. Maximum deposit of $50,000. Includes IRA Certificates. The minimum to open the IRA certificate is $500. Maximum deposit of $50,000. Not eligible for Active Rewards rate enhancement and cannot be combined with any other promotional offer. Dividends compound monthly. Penalty for early withdrawal. Limited time offer. Open to new members with new money. A new member is defined as an individual that does not currently have an account with Langley Federal Credit Union.

Expired - Langley Federal Credit Union 14-Month CD Special Is Still Available - 12/19/2023

Langley Federal Credit Union (easy membership) competitive 14-month CD Special for new members only is still available. This has expired as of January 2024.

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Reviews (30)

Best Service Ever

Posted by: |

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.

9

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!

21

Beware: Electronic Transfers Take 3-5 Business Days

Posted by: |

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..

8

The Most Horrific Financial Institution I Have Ever Dealt With

Posted by: |

Dealing with them is like going back to 19 century. Inept, rude, unhelpful customer service reps, which seem to operate remotely from their homes. Misleading, shady processes with endless verifications and beyond slow. They set you up for failure from the getgo to fund your cd account with a large sum, because of their insanely long funds transfer from external banks. Unbelievable how this credit union managed to stay in business. Do yourself a favor and take your money elsewhere, where they know how to use modern technology and where you and your money are respected.

8
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Health
B+

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #1261
Year Chartered1936
Employees686
Primary Regulator
Profit Margin
Return on Assets - YTD0.36%
Return on Equity - YTD4.35%
Annual Interest Income$136.8MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$5.35B$5.15B
LoansQ2 2024vs Q2 2023$4.56B$4.39B
DepositsQ2 2024vs Q2 2023$4.59B$4.38B
Equity CapitalQ2 2024vs Q2 2023$438.3MM$417.4MM
Loan Loss AllowanceQ2 2024vs Q2 2023$56.5MM$47MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$57.1MM$37.9MM
Real Estate OwnedQ2 2024vs Q2 2023$0$73K
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%*$0$10kHigh Yield Savings-Online
OTHER TIERS: 0.05% → $10k+
4.65%*$0$1kLangley Saves
OTHER TIERS: 0.05% → $1k+
0.05%$100-Savings Account

Langley Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.65%*$1m*-Platinum Money Market Savings
OTHER TIERS: 1.10% → $25k - $100k | 1.60% → $100k - $250k | 2.00% → $250k - $500k | 3.65% → $500k - $1m
4.65%*$1m*-Business Platinum Money Market
OTHER TIERS: 1.10% → $25k - $100k | 1.60% → $100k - $250k | 2.00% → $250k - $500k | 3.65% → $500k - $1m
1.10%*$100k*-Traditional Money Market Savings
OTHER TIERS: 0.05% → $100 - $10k | 0.25% → $10k - $25k | 0.65% → $25k - $50k | 0.85% → $50k - $100k
1.10%*$100k*-Business Traditional Money Market
OTHER TIERS: 0.05% → $2.5k - $10k | 0.25% → $10k - $25k | 0.65% → $25k - $50k | 0.85% → $50k - $100k
0.25%*$100k*-Money Market IRA
OTHER TIERS: 0.05% → $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
4.25%$500-Business 12 Month CD
4.25%$500-12 Month CD
4.00%$500-Business 18 Month CD
4.00%$500-18 Month CD
3.75%$500-Business 24 Month CD
3.75%$500-24 Month CD
3.60%$500-Business 30 Month CD
3.60%$500-Business 36 Month CD
3.60%$500-30 Month CD
3.60%$500-36 Month CD
3.51%$500-Business 48 Month CD
3.51%$500-Business 60 Month CD
3.51%$500-48 Month CD
3.51%$500-60 Month CD
1.50%$100-Business 6 Month
1.50%$100-6 Month CD
0.75%$100-Business 3 Month CD
0.75%$100-3 Month CD

Langley Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$500-12 Month IRA
4.00%$500-18 Month IRA
3.75%$500-24 Month IRA
3.60%$500-36 Month IRA
3.60%$500-30 Month IRA
3.51%$500-60 Month IRA
3.51%$500-48 Month IRA
1.50%$500-6 Month IRA
0.75%$500-3 Month IRA
Locations

Availability

Norfolk Area

Interactive local rates map


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