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LANGLEY FEDERAL CREDIT UNION

Mar, 31, 2021 — LANGLEY FEDERAL CREDIT UNION is a federal credit union headquartered in Newport News, VA with 20 branch locations and about $3.86 billion in total assets. Opened 85 years ago in 1936, LANGLEY FEDERAL CREDIT UNION has about 289,618 members and employs 579 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 251480738
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:289,618
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$3,864,603,165
CEO/Manager:Thomas K Ryan
Chairperson:Bruce R Hoogstraten

Call Report

  • Commercial Loans
  • Credit Builder
  • Debt Cancellation/Suspension
  • Indirect Commercial Loans
  • Indirect Consumer Loans
  • Indirect Mortgage Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 494,353,152
TOTAL INVESTMENTS 555,441,475
Loans Held for Sale 5,432,100
 
 Real Estate Loans 991,742,126
 Unsecured Loans 227,695,366
 Other Loans 1,427,879,924
 TOTAL LOANS 2,647,317,416
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -29,000,000
 Land And Building 42,058,265
 Other Fixed Assets 11,487,125
 NCUSIF Deposit 26,243,931
 All Other Assets 111,269,701
  TOTAL ASSETS 3,864,603,165
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 250,000,000
 Accounts Payable & Other Liabilities 41,520,855
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 614,376,242
 Regular shares 639,634,049
 All Other Shares & Deposits 1,958,247,862
  TOTAL SHARES & DEPOSITS 3,212,258,153
  TOTAL LIABILITIES 3,503,779,008
 Regular Reserve 24,767,480
 Other Reserves 4,658,127
 Undivided Earnings 331,398,550
  TOTAL EQUITY 360,824,157
  TOTAL LIABILITIES, SHARES, & EQUITY 3,864,603,165
INCOME & EXPENSE  
 Loan Income 28,004,909
 Investment Income 1,314,487
 Other Income 4,807,022
 Total Employee Compensation & Benefits 12,246,542
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 13,865,738
 Non-operating Income & (Expense) 130,299
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,855,390
 Cost of Funds 5,407,027
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 8,637,377
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