Dec, 31, 2020 — LANGLEY FEDERAL CREDIT UNION is a federal credit union headquartered in Newport News, VA with 20 branch locations and about $3.64 billion in total assets. Opened 85 years ago in 1936, LANGLEY FEDERAL CREDIT UNION has about 284,617 members and employs 563 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 |
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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: | 284,617 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1261 |
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Membership Type: | Multiple common bond - Primarily military |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2019 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $3,643,956,214 |
CEO/Manager: | Thomas K Ryan |
Chairperson: | Bruce R Hoogstraten |
ASSETS: | $ Amount |
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Cash & Equivalents | 339,793,319 |
TOTAL INVESTMENTS | 517,084,328 |
Loans Held for Sale | 7,219,345 |
Real Estate Loans | 1,009,848,764 |
Unsecured Loans | 239,558,884 |
Other Loans | 1,397,371,067 |
TOTAL LOANS | 2,646,778,715 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,000,000 |
Land And Building | 40,727,207 |
Other Fixed Assets | 12,166,132 |
NCUSIF Deposit | 26,243,931 |
All Other Assets | 82,943,237 |
TOTAL ASSETS | 3,643,956,214 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 250,000,000 |
Accounts Payable & Other Liabilities | 41,758,446 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 553,399,642 |
Regular shares | 558,613,452 |
All Other Shares & Deposits | 1,886,643,995 |
TOTAL SHARES & DEPOSITS | 2,998,657,089 |
TOTAL LIABILITIES | 3,290,415,535 |
Regular Reserve | 24,767,480 |
Other Reserves | 6,011,986 |
Undivided Earnings | 322,761,213 |
TOTAL EQUITY | 353,540,679 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,643,956,214 |
INCOME & EXPENSE | |
Loan Income | 109,934,426 |
Investment Income | 13,339,565 |
Other Income | 44,939,947 |
Total Employee Compensation & Benefits | 46,108,669 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 49,030,657 |
Non-operating Income & (Expense) | 1,218,788 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,559,080 |
Cost of Funds | 29,406,523 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 21,327,797 |
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