Through its Affordable Banking initiatives, Langley Federal Credit Union is looking to save its members money through lower fees and a loan rebate program.

“As a not-for-profit financial institution, we return our profits to members through lower loan rates, higher deposit rates, lower fees, and convenient services,” said Langley President/CEO Tom Ryan. “We continuously look for ways to improve the value of membership at Langley, and we want to be the best financial institution for all our members.”

Over the past few years, Langley has been reducing fees, introducing new rebates, and increasing rewards for members. These have resulted in millions of dollars of savings for Langley members, a release said.

On Oct. 1, Langley reduced fees for non-sufficient funds from $30 to $10. Langley’s Courtesy Pay, a service where it covers the transaction when the member is short on funds, was reduced from $30 to $20. Approximately 40,000 members will save more than $4.5 million in fees annually because of these changes.

Langley has also introduced a loan rebate program that returns 10 percent of interest on auto, boat, recreational vehicle, or personal loans directly into members’ savings accounts. Since 2019, Langley has rebated more than $3 million to members.

“We’re proud of these efforts and the positive impact they have made on our members. These changes represent millions of dollars in savings, reduced fees and improved benefits,” added Ryan.

The Affordable Banking Report is now available on Langley’s website at www.LangleyFCU.org. It outlines the complete set of initiatives undertaken by the credit union to make banking more affordable for members.

Langley Federal Credit Union serves more than 300,000 members and has $4 billion in assets. Langley FCU has a branch at 3140 George Washington Memorial Highway, Hayes.