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LANGLEY FEDERAL CREDIT UNION

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.


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:284,617
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, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$3,643,956,214
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 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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