Sep, 30, 2025 — LANGLEY FEDERAL CREDIT UNION is a federal credit union headquartered in NEWPORT NEWS, VA with 20 branch locations and about $5.61 billion in total assets. Opened 90 years ago in 1936, LANGLEY FEDERAL CREDIT UNION has about 400,170 members and employs 718 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LANGLEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 721 Lakefront Cmns NEWPORT NEWS, VA 23606 |
| Phone: | (757) 827-5328 |
| Fax: | (757) 596-1684 |
| Website: | https://www.langleyfcu.org |
| Branches: | 20 branch locations |
| Members: | 400,170 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1261 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $5,606,468,830 |
| CEO/Manager: | Thomas K Ryan |
| Chairperson: | Audrey B Douglas-Cooke |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 474,124,439 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 275,000 |
| Real Estate Loans | 2,111,158,932 |
| Unsecured Loans | 286,125,229 |
| Other Loans | 2,185,225,735 |
| TOTAL LOANS | 4,582,515,636 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -65,900,000 |
| Land And Building | 39,691,278 |
| Other Fixed Assets | 13,291,322 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 42,199,249 |
| All Other Assets | 1,861,364 |
| TOTAL ASSETS | 5,606,468,830 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 250,000,000 |
| Accounts Payable & Other Liabilities | 37,901,672 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 750,311,663 |
| Regular shares | 917,964,398 |
| All Other Shares & Deposits | 3,170,842,682 |
| TOTAL SHARES & DEPOSITS | 4,839,118,742 |
| TOTAL LIABILITIES | 5,127,020,414 |
| Regular Reserve | 0 |
| Other Reserves | -315,917 |
| Undivided Earnings | 479,764,333 |
| TOTAL EQUITY | 479,448,416 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,606,468,830 |
| INCOME & EXPENSE | |
| Loan Income | 198,427,370 |
| Investment Income | 22,485,633 |
| Other Income | 21,223,417 |
| Total Employee Compensation & Benefits | 46,130,785 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 64,313,695 |
| Non-operating Income & (Expense) | 202,969 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 43,644,847 |
| Cost of Funds | 90,292,893 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 29,240,883 |
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