# LANGLEY
Newport News, VA · NCUA charter 1261 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/langley-1261

Who the members are: federal charter, multiple common bond, organized 1936, low-income designated. 405,305 members of 1,600,000 potential (25.3% of the field); checking penetration 55% (share draft accounts per 100 members); loans per 100 members 52.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $5.68B |
| Members | 405,305 (2.5% YoY) |
| Full-time staff | 719 |
| Net worth | $507.1M |
| Net worth ratio | 8.9% (p13 of band) |
| ROA (annualized) | 0.60% (p41 of band) |
| Total delinquency | 1.15% (p86 of band) |
| Net charge-offs (annualized) | 1.07% (p87 of band) |
| Loans / shares | 93% (p73 of band) |
| Cash / assets | 7.5% |
| Borrowings / assets | 4.40% |
| Net interest margin | 3.17% (p41 of band) |
| Operating expense / assets | 2.65% (p22 of band) |
| Vehicles % of loans | 45% (p85 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 76% |
| Third-party paper % of net worth | 471% (p97 of band) |
| Vehicle delinquency | 1.91% (p96 of band) |
| Vehicle NCO | 2.15% (p87 of band) |
| Repossessed % of vehicle book | 0.05% (p39 of band) |
| Real estate % of loans | 45% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 31% |
| Core shares % of member funds | 38% |
| Certificates % of member funds | 37% |
| Average share balance | $5,579 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $598,293 |
| Loans outstanding per 100 members | 52% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $21,532 |
| Loans granted, annualized | $1.51B |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $598,293 outstanding purchased (0.1% of net worth), $29.5M sold and retained. Sold in 7 and bought in 0 of the last 8 quarters. Shares 2.7% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | charge-offs p90, leaning on borrowings, 3rd-party paper>100% NW |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 4 | net worth falling |  |
| 2016-12 | 6 | delinquency 2x band, loans>95% of shares |  |
| 2017-03 | 5 |  | loans>95% of shares |
| 2017-06 | 4 |  | net worth falling |
| 2017-09 | 6 | members leaving, loans>95% of shares |  |
| 2017-12 | 6 | net worth falling | delinquency 2x band |
| 2018-03 | 4 |  | charge-offs p90, loans>95% of shares |
| 2018-06 | 4 | charge-offs p90, loans>95% of shares | members leaving, net worth falling |
| 2018-09 | 4 |  |  |
| 2018-12 | 2 |  | charge-offs p90, loans>95% of shares |
| 2019-03 | 3 | net worth falling |  |
| 2019-06 | 2 |  | net worth falling |
| 2019-09 | 3 | loans>95% of shares |  |
| 2019-12 | 2 |  | loans>95% of shares |
| 2020-03 | 4 | net worth falling, margin squeeze |  |
| 2020-06 | 3 |  | margin squeeze |
| 2020-09 | 3 |  |  |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 2 |  | net worth falling |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 3 | delinquency rising |  |
| 2022-06 | 3 | loans>95% of shares | leaning on borrowings |
| 2022-09 | 6 | thin capital, delinquency 2x band, leaning on borrowings |  |
| 2022-12 | 5 | charge-offs p90 | delinquency rising, delinquency 2x band |
| 2023-03 | 5 | delinquency 2x band | charge-offs p90 |
| 2023-06 | 5 |  |  |
| 2023-09 | 6 | delinquency rising |  |
| 2023-12 | 5 | net worth falling | delinquency 2x band, delinquency rising |
| 2024-03 | 5 | delinquency 2x band, delinquency rising | leaning on borrowings, net worth falling |
| 2024-06 | 4 |  | delinquency rising |
| 2024-09 | 4 |  |  |
| 2024-12 | 4 |  |  |
| 2025-03 | 6 | net worth falling, charge-offs p90 |  |
| 2025-06 | 3 |  | loans>95% of shares, delinquency 2x band, net worth falling |
| 2025-09 | 3 |  |  |
| 2025-12 | 3 |  |  |
| 2026-03 | 2 |  | charge-offs p90 |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-08-30 [Banking | Finance 2026: GAURAV BHATIA - Virginia Business](https://news.google.com/rss/articles/CBMickFVX3lxTE1jT3FhOHhTUkVtNWtCY2FoZ2N5bnFyYlE3c3l2UU5PNy1nY3VkYkxIVnZDSDdkTEZ3MmxUSExsYUFpQTY2N2h3cTUwd3BXYjQyV0tCcXlqUGt0QkxZRVhfY1lnV25pNkJ2MXNic0hyeTZCdw?oc=5) · Virginia Business
- 2026-08-19 [5 Things to Know About the Langley FCU Signature Cash Back Visa Card - NerdWallet](https://news.google.com/rss/articles/CBMihAFBVV95cUxQcmtUcmtvYVdqYllFVlFVVlFKTDhVdmwtQWpjanFkZXZrWnBuNVZYSmlGRlBnVWNkSTJKVy05RHdfcjlyRVZvcnNnWThwNjIyMnNDWFZEQlByMENLOHo3LUdWdmlmWG9UeDI0MDA5RDZkeGhublVMVGRIV1FXUFZvenc5Tk4?oc=5) · NerdWallet
- 2026-03-30 [Langley Federal Credit Union Review 2026 - GOBankingRates](https://news.google.com/rss/articles/CBMijAFBVV95cUxNWmRHbm9yd1JyN19KZFVCRjFxeUd5MzRESTBZa0lmOENabjR0Rlg1Wl90Y1pBcFNLM21rZnE2dmtaNjhGMFUtTm5TR3IxWGoyaXdZZjNrRzR6cE51U3BUdGNpZzlURDdhYXB2Z095cm02RkV1Zmw0MVdRXzN5Z1NIdHNvOHhlR1ExYUpoTw?oc=5) · GOBankingRates
- 2025-11-03 [Langley Federal Credit Union taps new CEO - Virginia Business](https://news.google.com/rss/articles/CBMie0FVX3lxTE9NZ29aN09TTkZQWXk4TkJBSjdrRDR5VTdSaFlWT1o1TEs4ZHVwWmFrZ0YxaFJSSFFEZ3k3T2o4LXF0TFBDRjRaS0o2LVB4eG56dnpjV3pFZDBoMkgxb0dBYVdCR0NFUzJzRFpCUzBodFUyaER2T0RWNloxMA?oc=5) · Virginia Business
- 2025-11-04 [Newport News-based Langley Federal Credit Union names new CEO - The Virginian-Pilot](https://news.google.com/rss/articles/CBMifEFVX3lxTE12d1ZWRVlvOFJHREpLYkp1TTdqX01nNWhJZ3BXb3U2LTdpWE45YTlSamZTblNVd2lQb1FYT2l2RUhxbmpaeC10Z3Aya0VEd1hSeW9oUWEwRk9EdTQtX3FocV9GUXpvWVRTWWEzQ2RGVjdPVlBBbktnREtEOEo?oc=5) · The Virginian-Pilot
- 2026-05-14 [The 2026 Virginia Late Model Triple Crown - nascar.com](https://news.google.com/rss/articles/CBMicEFVX3lxTE9hbHNlSUdqUDluOXZqbEVRWmV5TmJGZXZlbldBdnJKVDF1MVJmMTl3SUVzWFdsWkI4VE1hdm5BdkxSS0xLaGZhZ09LNG5GYzJ3UVhHV1gwOFVYVzZieFo4N3ZaR2Fuc19MNGNJZzF2SzM?oc=5) · nascar.com
- 2019-02-20 [ODU Credit Union Merges with Langley Federal Credit Union - odu.edu](https://news.google.com/rss/articles/CBMihwFBVV95cUxPeXF6b01mSGtEeXA0OEdkckx6OHlJMG1JTTNVSDVKdkI0dnllbW9ZQnNBeU81d2xvWmYzM2s3d0cxWTMzZWFDZ2RGR2xwclJXaDBOY1EwUDJVRXo5dWR0ZHRZcm4wUDBLc0ttOFIzWWxKZ2ZITnZSMHppa3Z2cXgydmlNem5ETk0?oc=5) · odu.edu
- 2025-02-19 [Langley Federal Credit Union announces the retirement of CEO Tom Ryan - CUInsight](https://news.google.com/rss/articles/CBMirwFBVV95cUxNeVJJcG52U3BZVy0wR3NzY1V4TmF2Zk9kTFpBcE9rbmdvN0g0NFhpR3ZsTmxLa0QzNldtSmRDSnBmZHpDdkR0b1Jmalg5NVByTTlIdTNiVEp2OUNtdzVFVkEzS0tNb0wtWENsQ0ZhYWtCTmI5X3pHTHBLRUhtc1ljckxjYk5SNHA2TDlpN0xOWXVyRUQ3SGFIR2JyalBQaDhZS29ucjFLMHhCTHdiWW5V?oc=5) · CUInsight

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=1261 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/45.json (key "1261", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=1261
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide