In another Cyber Monday offering, Langley Federal Credit Union (Langley FCU) has added a 15-month Certificate Special (1.76% APY) that is available through December 3, 2017. This limited-time offering requires a minimum deposit of $1k, with no stated balance cap.
While some of Langley FCU’s CDs are offered as IRAs, the 15-month Certificate Special is not. Langley FCU’s Active Rewards, which adds an additional 0.10% to CDs, does not apply to the Certificate Special. According to the promotion page, the 15-month Certificate Special “reinvests to a regular 12 month Certificate at maturity.”
As stated on Langley FCU’s Truth In Savings For CDs document, the Early Withdrawal Penalty reads as follows:
Terms of 12 month or longer, 180 days’ dividends
Headquartered in Newport News, Virginia, Langley Federal Credit Union offers membership through a variety of ways, providing a route for almost any U.S. citizen or resident alien to join.
Easy Membership: Joining any of seven non-profit organizations (Friends of the Carrollton Library, $5; Friends of the Gloucester Library, $5; Friends of the Poquoson Library, $10; Friends of the Portsmouth Library, $5; Friends of the Suffolk Public Library, $5; VersaBility Resources, $5; and Virginia Association of Museums, $15) qualifies for membership in Langley FCU. (This is the fifth option on the first page of Langley FCU’s online application.)
Employment: Employees of over 900 SEGs qualify for membership.
Relationship: Family and household members of current Langley FCU members are also eligible to join.
Organization Affiliation: Members of 240+ Virginia-based organizations and schools are also eligible to join.
Membership details are listed on the first page of Langley FCU's online application.
Joining Langley Federal Credit Union and/or opening the 15-month Certificate can be done online,, by phone (757.827.5328), or at any of 19 Virginia branches located in Carrollton, Chesapeake (2), Hampton (3), Hayes, Langley AFB, Newport News (5), Norfolk, Poquoson, Virginia Beach (2), Williamsburg, and Yorktown.
Credit Union Overview
Langley Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 6.30% (excellent) based on June 30, 2017 data. In the past year, Langley FCU increased its total non-brokered deposits by $162.82 million, an excellent annual growth rate of 9.03%. Please refer to our financial overview of Langley Federal Credit Union (NCUA Charter # 1261) for more details.
Langley Federal Credit Union was originally chartered in 1936 as the National Advisory Committee for Aeronautics (NACA) Laboratory Federal Credit Union. (NACA was founded in early 1915 and was the predecessor of NASA.) Twenty-five NACA employees each deposited $1 to pay the charter fee, and the following month, the Credit Union opened its doors with assets totaling $275. With more 240,700 members and assets in excess of $2.4 billion, Langley FCU is currently the fifth largest credit union headquartered in Virginia and was named the “2017 Best Credit Union” by Kiplinger’s Personal Finance.
How the Certificate Compares
When compared to the 148 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, Langley Federal Credit Union’s 15-Month CD APY currently ranks fifth.
The above rates are accurate as of 11/27/2017.