About Credit Union
Langley Federal Credit Union is a financial institution that aims to improve its members' lives by helping them save, borrow, and spend wisely. The credit union has a wide range of services, including personal and business accounts, insurance, investments, and resources.
The Langley story began in the 1930s when the National Advisory Committee for Aeronautics (NACA) Laboratory Federal Credit Union was established, with 25 NACA employees each depositing $1 to pay the charter fee. The credit union grew rapidly and changed its name several times over the years, finally becoming Langley Federal Credit Union in 1956.
Langley Federal Credit Union expanded its services in the 1960s and 1970s, built branches, and offered student and home improvement loans. In the 1980s, it merged with Peninsula Postal FCU and implemented technological advancements. The 1990s saw Langley launch a website and an online lending system. In the 2000s, it opened its first Southside branch and added mobile deposit. Jean Yokum retired in 2012, and Tom Ryan became the new President/CEO. In 2016, Langley celebrated its 80th anniversary of service to the Hampton Roads community.
Langley FCU is engaged in charity. The Langley for Families Foundation is a non-profit organization created by Langley Federal Credit Union to support the needs of families in the Hampton Roads area. The foundation's mission is to provide financial assistance and educational resources to families and children in the community. The Langley for Families Foundation helps families with medical bills, housing expenses, education costs, and other critical needs through various programs and initiatives. The foundation also partners with local schools and organizations to provide educational resources and programs for children in the community. Langley Federal Credit Union is committed to giving back to the communities it serves, and the Langley for Families Foundation is one of the many ways it fulfills that commitment.
Today, Langley Federal Credit Union continues to provide financial solutions to its members, enabling them to achieve their goals and improve their financial well-being. It has branches located in Hampton, Newport News, Williamsburg, Chesapeake, Isle of Wight, Norfolk, Suffolk, and Virginia Beach. As of November 2022, Langley Federal Credit Union has over 351,000 members and assets totaling $5.1 billion USD.
Key Features
Some key features of Langley Federal Credit Union are:
Non-profit
Membership
Community-focused
Financial education
Benefit Programs
Requirements
To become a Langley Federal Credit Union member, you only need to open a savings account and make an initial deposit of $5. After this, you can access the credit union's various products and services.
Access on the Go
Langley FCU offers access to its services on the go through various channels, including:
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Mobile App. Langley's mobile app is available for both iOS and Android devices and allows members to view account balances, transfer funds, deposit checks, pay bills, and more.
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Online Banking. Langley's online banking platform can be accessed through any web browser and offers many of the same features as the mobile app, including account management and bill payment.
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ATMs. Langley has a network of ATMs allowing members to perform ATM transactions such as withdrawing cash, checking account balances, and transferring funds between accounts at roughly 55,000 surcharge-free ATMs in the Allpoint network.
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Telephone Banking. Langley's telephone banking system allows members to access their accounts and conduct transactions using any touch-tone phone.
Overall, Langley Federal Credit Union offers a variety of convenient options for members to access their accounts and manage their finances on the go.
Langley Federal Credit Union Products
Langley FCU offers a wide range of financial products and services to both personal and business customers.
Personal products include auto loans for new and used vehicles, vehicle loan refinancing, RV and boat loans, credit cards such as Signature Cash Back VISA and Platinum Select VISA, personal loans, personal lines of credit, savings secured loans, student loans and refinance, home equity loans, mortgages including fixed rate, adjustable rate, equity plus, jumbo, VA, and FHA mortgages, and various deposit accounts such as certificates, money market, IRAs, savings account, youth accounts, and checking accounts like LangleyPays, Platinum, Smart, Essential, and Spend.
For business customers, Langley offers commercial loans, SBA loans, business credit cards, small business lines of credit, small business auto loans, and deposit accounts such as Simply Business Checking, Business Savings, Business Certificates, and Business Money Market.
Langley Federal Credit Union also provides insurance and investment services to its members.
Langley Federal Credit Union periodically offers limited-time promotions to its members, including high-yield fixed-rate certificates. For example, one of the current limited-time offer options is a 22-month fixed rate certificate with an APY of 5.35%. This promotion allows members to earn a competitive rate of return on their deposits. Langley's limited-time offers greatly allow members to take advantage of unique financial opportunities and enhance their overall financial well-being.
Which Associations does Langley Federal Credit Union Belong to?
Langley Federal Credit Union is a member of several associations, including the National Credit Union Administration (NCUA), the Virginia Credit Union League, and the CO-OP Shared Branch network. The NCUA is the independent federal agency that supervises and insures federal credit unions in the United States. The Virginia Credit Union League is the trade association for Virginia's credit unions, working to support the growth and development of credit unions across the state. Finally, the CO-OP Shared Branch network is a national credit union network allowing members to access their accounts and conduct transactions at participating branches across the country.
Langley Federal Credit Union Reliability
Langley Federal Credit Union is a financially stable and reliable financial institution with a strong reputation for providing excellent service to its members. The credit union has been in operation since 1936 and has grown to become one of the largest credit unions in the country, with over $5.1 billion in assets and over 351,000 members. Langley is federally insured by the National Credit Union Administration (NCUA), providing members with increased security and peace of mind. Additionally, Langley is committed to providing its members with the latest financial technology and innovative products and services to ensure their banking experience is convenient, efficient, and secure. Overall, Langley Federal Credit Union has a long-standing reputation for reliability and stability and is dedicated to meeting the needs of its members.
