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 an...