For a limited time, Langley Federal Credit Union (Langley FCU) is offering a 14-month Promotional Certificate earning 3.04% APY. The minimum deposit is $1k of new money, with no stated balance cap. There is no limit on the number of Promotional Certificates that can be opened. While this is a limited-time offer, no end-date has been announced.
Langley FCU’s Active Rewards, which adds an additional 0.10% to CDs, does not apply to the Promotional Certificate.
Langley FCU’s website no longer provides access to Account Disclosures or Truth-in-Savings documents, so all the following information was provided by CSR.
- The Early Withdrawal Penalty is 180 days dividends on the amount being withdrawn, with partial withdrawals allowed.
- Maturing funds can be distributed by cashier’s check, wire transfer, or transferred to any other Langley FCU account (checking, savings, money market account). Once the funds are in another Langley FCU account, you can initiate an ACH transfer from an outside institution. You cannot initiate an outgoing ACH transfer from any Langley FCU account.
- There is a 21 (yes, twenty-one) calendar day grace period before the 14-month Promotional Certificate renews as a 12-month Certificate.
Headquartered in Newport News, Virginia, Langley Federal Credit Union offers membership to virtually any U.S. citizen or resident alien with a valid Social Security number.
In the past, Langley FCU’s field of membership (FOM) included employment status, organization affiliation, family relationship, and membership in several non-profit organizations, with the specifics listed on the online application.
Long story short, there are no longer any requirements to meet to qualify for membership – anyone is welcome to apply.
Joining Langley Federal Credit Union can be done online or at any of 19 Virginia branches located in Carrollton, Chesapeake (2), Hampton (2), Hayes, Langley AFB, Newport News (4), Norfolk (2), Poquoson, Virginia Beach (3), Williamsburg, and Yorktown.
A savings account is the initial account to establish your membership with Langley. Once you make the initial $5 deposit, you become a member of the credit union, enabling you to take advantage of many other products and services that meet your needs.
Existing members can open the Promotional Certificate online, by phone (757.827.5328), or at any of the above mentioned branch locations. According to CSR, those joining Langley FCU must first establish their membership, fund their new Langley Savings Account with the monies to be used to open the Promotional Certificate, and then call 757.827.5328 to open the Certificate over the phone.
Langley FCU participates in the CO-OP Shared Branch network, providing its members with access to more than 5,000 shared branches across the country.
Credit Union Overview
Langley Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 4.04% (excellent) based on June 30, 2019 data. In the past year, Langley FCU increased its total non-brokered deposits by $213.31 million, an excellent annual growth rate of 9.91%. 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 261,000 members and assets in excess of $2.9 billion, Langley FCU is currently the fifth largest credit union headquartered in Virginia.
In keeping with its tag-line of “Save, Borrow, & Spend Wisely,” Langley FCU is committed to the well-being of it community. According to a February 11, 2019 press release,
Langley Federal Credit Union announces its 2018 combined giving efforts of the credit union and the Langley for Families Foundation is more than $871,000. These funds were invested back into the Hampton Roads community to more than 100 organizations that provide services ranging from healthcare, housing, homelessness, disaster relief and hunger.
How the Promotional Certificate Compares
When compared to 212 similar length-of-term CDs tracked by DepositAccounts.com that are available nationwide, Langley Federal Credit Union’s 14-Month Promotional CD APY currently ranks first.
The above rates are accurate as of 9/25/2019.
To look for the best CD rates, both nationwide and in your state, please refer to our CD Rates Table page.