Jun, 30, 2024 — LANGLEY FEDERAL CREDIT UNION is a federal credit union headquartered in NEWPORT NEWS, VA with 22 branch locations and about $5.00 billion in total assets. Opened 88 years ago in 1936, LANGLEY FEDERAL CREDIT UNION has about 349,120 members and employs 693 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: | 22 branch locations |
| Members: | 349,120 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $5,002,662,630 |
| CEO/Manager: | Thomas K Ryan |
| Chairperson: | Edward G Henifin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 315,884,518 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,610,130,375 |
| Unsecured Loans | 252,068,604 |
| Other Loans | 2,348,612,527 |
| TOTAL LOANS | 4,210,811,506 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,000,000 |
| Land And Building | 40,010,044 |
| Other Fixed Assets | 19,612,726 |
| NCUSIF Deposit | 32,043,762 |
| All Other Assets | 2,335,119 |
| TOTAL ASSETS | 5,002,662,630 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 460,000,000 |
| Accounts Payable & Other Liabilities | 55,767,715 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 674,209,615 |
| Regular shares | 775,411,434 |
| All Other Shares & Deposits | 2,626,503,689 |
| TOTAL SHARES & DEPOSITS | 4,076,124,738 |
| TOTAL LIABILITIES | 4,591,892,453 |
| Regular Reserve | 0 |
| Other Reserves | -12,832,027 |
| Undivided Earnings | 423,602,204 |
| TOTAL EQUITY | 410,770,177 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,002,662,630 |
| INCOME & EXPENSE | |
| Loan Income | 110,832,643 |
| Investment Income | 5,529,114 |
| Other Income | 15,567,181 |
| Total Employee Compensation & Benefits | 42,578,943 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 52,514,680 |
| Non-operating Income & (Expense) | 529,825 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,537,418 |
| Cost of Funds | 20,607,772 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 26,240,290 |
| ↑ Back to Top | |