Langley Federal Credit Union Donated a Record $1.4 Million - 127 Nonprofits Benefit Despite 2020 Challenges

NEWPORT NEWS, Va. – (January 2021) – Langley Federal Credit Union and Langley for Families Foundation donated a record-breaking $1,402,468 during 2020. Langley demonstrated its commitment to the Hampton Roads community by donating more than ever and increasing its charitable giving by 30%.

Grants specifically designated for COVID-19 response totaled $364,200. Yearly donations exceeded $1,000,000 for the second consecutive year and helped 127 different organizations that provide healthcare, housing and human services, safety and security, and financial education services.

Langley also made a profound economic impact on the region beyond charitable giving throughout 2020. With more than $2.9 billion in member deposits and $2.6 billion in member loans, Langley empowers members to save, borrow, and spend wisely. Langley provides a full range of services to help members meet their individual financial goals.

Langley was recognized twice in 2020 for its community impact. Habitat for Humanity of South Hampton Roads awarded Langley the 2020 Dream Builder Award for dedication to its mission throughout 2020. And, Coastal Virginia Magazine selected Langley as a 2020 Community Impact Award recipient, given to 10 Hampton Roads businesses that go above and beyond to make a difference for others.

In 2020, Langley for Families Foundation donated $846,718, a 28% increase, and Langley Federal Credit Union donated $555,750. Funds were generated from generous employees, members and successful fundraising events, including the annual golf tournament and new cash raffle.

“We are so proud that Langley can have such a positive impact in our community,” said Tom Ryan, president and CEO of Langley. “In a year where a global pandemic, economic shutdowns and social unrest impacted millions, our support to critical needs in Hampton Roads is even more vital.”

Highlights from the Foundation’s 2020 community impact:

Langley reaffirmed its commitment to mental health with the first payment towards a five-year $1,000,000 pledge to Children’s Hospital of the King’s Daughters for its new mental health hospital. The hospital will provide a full spectrum of mental health care for children, filling a critical gap in a statewide shortage of pediatric mental health services, including 60 inpatient beds and an extensive expansion of outpatient services.

COVID-19 Relief and Response

• Langley donated a total of $364,200 in 43 grants for relief and recovery efforts
• A virtual food drive to help the Virginia Peninsula Foodbank respond to an influx of requests for food and services, raised more than 2,100 items valued at $7,000 in less than one week
• The net proceeds from two charitable cash raffles totaling $74,000 were donated to United Way Emergency Funds and Domestic Violence Shelters
• Langley Federal Credit Union advanced two months of payments for personal, auto, RV/boat, and credit card loans for members, in addition to approving $16.2 million in Paycheck Protection Program loans

$127,500 in Scholarships

• $70,000 to Hampton University, Christopher Newport University, Old Dominion University and Thomas Nelson Community College
• $20,000 Jean M. Yokum Scholarship to graduating high school seniors
• $37,500 Teacher Mini-Grant Awards in partnership with Peninsula Community Foundation was expanded from 30 grant recipients to 75 to fund all qualified requests

Employee Impact

• Volunteer hours = 1,606 hours
• Hosted first Day of Service in honor of Dr. Martin Luther King, Jr.
• Employee giving = $43,800

Langley Federal Credit Union has a long history of community involvement and charitable giving dating back to the founding of the credit union in the 1930's. With a commitment to making a difference in the communities it serves, Langley for Families Foundation was launched in 2014 to support causes and charities benefiting children and families.

Langley Federal Credit Union is a federally-chartered credit union, regulated and insured by the National Credit Union Administration. Langley Federal Credit Union serves more than 285,000 members and has more than $3.6 billion in assets, ranking the financial cooperative as one of the 100 largest credit unions in the country. Langley is a full service financial institution where everyone can save, borrow, and spend wisely. Located in Hampton Roads, Langley has 19 branches and more than 55,000 surcharge-free ATMs throughout the region. For more information, visit www.langleyfcu.org.