Langley Federal Credit Union CEO to retire

Langley Federal Credit Union President and CEO Tom Ryan will retire at the end of the year, following 13 years of leading the Newport News financial institution.

The credit union, which is the fourth largest credit union based in Virginia, announced Ryan’s retirement Wednesday and credited him with overseeing significant growth of the organization – with its assets growing from $1.7 billion to over $5.4 billion under his leadership, and its membership base expanding to 390,000.

Langley says Ryan’s “commitment to innovation and service” enhanced member offerings, expanded outreach programs and spurred technological advancements.

“Serving as president and CEO of Langley Federal Credit Union has been the most rewarding experience of my career,” Ryan said in a statement. “As I prepare for retirement, I am confident that Langley will build on the strong foundation we’ve created together to support Langley in its continued success for years to come.”

Ryan, who has spent 40 years in the credit union industry, has racked up numerous accolades, including the Outstanding Credit Union Chief Executive Award in 2021 from the Credit Union Executive Society (CUES), the 2018 Eugene H. Farley Jr. Award of Excellence and recognition in Virginia Business’ Virginia 500 Power List from 2020 to 2024 honoring the most influential business leaders in Virginia.

According to a news release, Ryan also played “a pivotal role” in creating the Langley for Families Foundation, a nonprofit that has donated more than $7 million to local charities, assisting more than 160 organizations and reaching tens of thousands of people.

“Tom’s dedication has transformed Langley into the strong organization it is today,” said Audrey Douglas-Cooke, chair of the credit union’s board of directors, in a statement. “His ability to foster a collaborative, high-performance culture has been exceptional, and we are grateful for his impact at Langley.”

According to the release, Langley has engaged D. Hilton Associates to conduct a nationwide search for Ryan’s successor.

“We are looking for a leader who not only possesses strategic expertise but also embraces the collaborative, team-oriented values that have been central to Langley’s success,” Bruce Hoogstraten, board vice-chair and CEO search committee chair, said in a statement.

Langley Federal Credit Union was founded in 1936 and today is one of the 100 largest credit unions in the nation, with approximately 700 employees and 20 branch locations in Hampton Roads, Richmond and Raleigh, North Carolina.