You may have missed the news last year; in March 2015, VAM became partners with Langley Federal Credit Union. What does that mean for you? As a VAM member, you now have the option of opening accounts at Langley, one of the best credit unions in Virginia. We have other affinity programs at VAM, and I know it is easy to overlook them, but this is one worth exploring.
OK, you say, but you’re VAM’s director. That’s what you’re supposed to say. Yes, true. But I am also someone who needed to purchase a car this year, and when it came to getting a loan, I thought I would try applying through Langley to see how easy it really was. And the result? It was REALLY easy. Within 10 minutes I went to their home page (www.langleyfcu.org), and signed up for membership in the credit union. They asked what organization I was a part of, and the drop down menu pulls up VAM immediately. Then I had to create a savings account, with $5 in deposits (I transferred that in from an account at a different bank). Lastly, I applied for my car loan. Within a few hours, they had reviewed my application and let me know that I was approved. And the rate? Let’s put it this way; my 2.29% interest rate on my used car was almost 2 whole percentage points better than the rate my husband got at his own credit union!
Here’s the rest of my review. Langley’s online portal is very easy to navigate, and you can set up transfers to and from external bank accounts, if you don’t want to leave a lot of money in your Langley bank account. Both times I have reached out to customer service, they have been very responsive and helpful. Langley currently doesn’t have locations in many parts of the state, but like many banks these days, you can deposit checks and conduct your banking online or through a mobile device.
If you’d like to look into how Langley can help you reach your financial goals, visit their website, www.langleyfcu.org.