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.
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
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.
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!
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.
Only for new members, if you are a member now, they dont want your money
Overall | |
---|---|
NCUA # | 1261 |
Year Chartered | 1936 |
Employees | 711 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.68% |
Return on Equity - YTD | 8.4% |
Annual Interest Income | $113.0MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2023vs Q2 2022 | $5.15B$4.49B |
Loans | Q2 2023vs Q2 2022 | $4.39B$3.83B |
Deposits | Q2 2023vs Q2 2022 | $4.38B$3.82B |
Equity Capital | Q2 2023vs Q2 2022 | $417.4MM$408.3MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$23.0MM |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $37.9MM$22.3MM |
Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
5.00%* | - | $1k | Langley Saves | ||
OTHER TIERS: 0.05% → $1k+ | |||||
0.05% | $100 | - | Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.00% | $10k | - | Platinum Checking |