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800-328-5328
2340 N Hollywood Way
Burbank, CA 91505-1124

Logix Federal Credit Union is headquartered in Burbank and is the 7th largest credit union in the state of California. It is also the 35th largest credit union in the nation. It was established in 1937 and as of March of 2014, it had grown to 435 employees and 131,321 members. Logix Federal Credit Union's money market rates are 59% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

To become a member of Logix, you must reside in California, Arizona, Washington D.C., Florida, Maryland, Massachusetts, Maine, Nevada, New Hampshire, Texas, or Virginia, or must be verified as related to an existing Logix member (from the first page of the online application.) - See Details

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Reviews (2)

Sloppy, Lost All Account Materials

Customer service assured me could open roll-over of IRA from another place into Roth IRA. Sent application in with  signatures and lotsa documentation. Was assured that it had been received.  Months later nobody there has any idea of ever receiving or processing same. Maybe you need a branch nearby to use. Moved on, Roth IRA now with stockbrokerage.

Great Institution!

I've moved much of my money to Lockheed!  No regrets



Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Logix Federal Credit Union had $31.36 million in non-current loans and owned real-estate with $669.14 million in equity and loan loss allowances on hand to cover it. This gives Logix Federal Credit Union a Texas Ratio of 4.69% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Logix Federal Credit Union experienced no significant changes from 4.36% as of March 31, 2013 to 4.69% as of March 31, 2014, resulting in a negative change of 7.55%. This indicates that the balance sheet and financial strength for Logix Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Logix Federal Credit Union has increased its total deposits by $172.79 million, resulting in 5.82% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Logix Federal Credit Union has shown is excellent.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Logix Federal Credit Union has $3.8 billion in assets with $669.14 million in equity, resulting in a capitalization level of 17.62%, which is excellent.

Institution Statistics

Overall
NCUA #1999
Year Chartered1937
Employees435
Primary Regulator
Assets and Liabilities
Assets$3.80 billion
Loans$2.60 billion
Deposits$3.14 billion
Equity Capital$607.56 million
Loan Loss Allowance$61.58 million
Unbacked Noncurrent Loans$23.96 million
Real Estate Owned$7.40 million
Historic Data - March 2013
Assets$3.60 billion
Equity Capital$567.66 million
Loan Loss Allowance$65.89 million
Unbacked Noncurrent Loans$23.96 million
Real Estate Owned$2.64 million
Profit Margin - Quarterly
Return on Assets1.24%
Return on Equity7.75%
Interest Income$31.66 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Logix Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Logix Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.70%$100k-IRA Savings
0.70%$100k-Roth IRA Savings
0.70%$100k-CESA Savings
0.25%--Main Savings
0.25%--Additional Savings
0.25%--Holiday Club Savings
0.25%--Vacation Club Savings

Logix Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.70%$100k-Money Market
0.25%$25k-Market Maximizer

Logix Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.55%$100k-High Rate Checking
0.40%$2,500-Platinum Premier Checking
0.25%$2,500-Gold Premier Checking
0.10%$2,500-Silver Premier Checking
0.05%$2,500-Premier Checking

Logix Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.65%$1k-60 Month CD w/ Platinum Relationship Rewards
1.65%$100k-60 Month Jumbo CD w/ Platinum Relationship Rewards
1.45%$1k-60 Month CD w/ Gold Relationship Rewards
1.45%$100k-60 Month Jumbo CD w/ Gold Relationship Rewards
1.35%$1k-48 Month CD w/ Platinum Relationship Rewards
1.35%$100k-48 Month Jumbo CD w/ Platinum Relationship Rewards
1.25%$1k-36 Month CD w/ Platinum Relationship Rewards
1.25%$100k-36 Month Jumbo CD w/ Platinum Relationship Rewards
1.25%$1k-60 Month CD w/ Silver Relationship Rewards
1.25%$100k-60 Month Jumbo CD w/ Silver Relationship Rewards
1.15%$1k-48 Month CD w/ Gold Relationship Rewards
1.15%$100k-48 Month Jumbo CD w/ Gold Relationship Rewards
1.10%$1k-60 Month CD
1.10%$100k-60 Month Jumbo CD
1.05%$1k-36 Month CD w/ Gold Relationship Rewards
1.05%$100k-36 Month Jumbo CD w/ Gold Relationship Rewards
1.05%$1k-24 Month CD w/ Platinum Relationship Rewards
1.05%$100k-24 Month Jumbo CD w/ Platinum Relationship Rewards
1.00%$1k-18 Month CD w/ Platinum Relationship Rewards
1.00%$100k-18 Month Jumbo CD w/ Platinum Relationship Rewards
0.95%$1k-48 Month CD w/ Silver Relationship Rewards
0.95%$100k-48 Month Jumbo CD w/ Silver Relationship Rewards
0.90%$1k-12 Month CD w/ Platinum Relationship Rewards
0.90%$100k-12 Month Jumbo CD w/ Platinum Relationship Rewards
0.85%$1k-24 Month CD w/ Gold Relationship Rewards
0.85%$100k-24 Month Jumbo CD w/ Gold Relationship Rewards
0.85%$1k-6 Month CD w/ Platinum Relationship Rewards
0.85%$100k-6 Month Jumbo CD w/ Platinum Relationship Rewards
0.85%$1k-36 Month CD w/ Silver Relationship Rewards
0.85%$100k-36 Month Jumbo CD w/ Silver Relationship Rewards
0.80%$1k-18 Month CD w/ Gold Relationship Rewards
0.80%$100k-18 Month Jumbo CD w/ Gold Relationship Rewards
0.80%$1k-91 Day CD w/ Platinum Relationship Rewards
0.80%$100k-91 Day Jumbo CD w/ Platinum Relationship Rewards
0.80%$5k$100k12 Month Bump Rate CD w/ Platinum Relationship Rewards
0.80%$1k-48 Month CD
0.80%$100k-48 Month Jumbo CD
0.75%$1k-12 Month Flex CD w/ Platinum Relationship Rewards
0.70%$1k-12 Month CD w/ Gold Relationship Rewards
0.70%$100k-12 Month Jumbo CD w/ Gold Relationship Rewards
0.70%$1k-36 Month CD
0.70%$100k-36 Month Jumbo CD
0.65%$1k-6 Month CD w/ Gold Relationship Rewards
0.65%$100k-6 Month Jumbo CD w/ Gold Relationship Rewards
0.65%$1k-24 Month CD w/ Silver Relationship Rewards
0.65%$100k-24 Month Jumbo CD w/ Silver Relationship Rewards
0.60%$1k-91 Day CD w/ Gold Relationship Rewards
0.60%$5k$100k12 Month Bump Rate CD w/ Gold Relationship Rewards
0.60%$100k-91 Day Jumbo CD w/ Gold Relationship Rewards
0.60%$1k-18 Month CD w/ Silver Relationship Rewards
0.60%$100k-18 Month Jumbo CD w/ Silver Relationship Rewards
0.55%$1k-12 Month Flex CD w/ Gold Relationship Rewards
0.50%$1k-12 Month CD w/ Silver Relationship Rewards
0.50%$100k-12 Month Jumbo CD w/ Silver Relationship Rewards
0.50%$1k-24 Month CD
0.50%$100k-24 Month Jumbo CD
0.45%$1k-6 Month CD w/ Silver Relationship Rewards
0.45%$100k-6 Month Jumbo CD w/ Silver Relationship Rewards
0.45%$1k-18 Month CD
0.45%$100k-18 Month Jumbo CD
0.40%$1k-91 Day CD w/ Silver Relationship Rewards
0.40%$100k-91 Day Jumbo CD w/ Silver Relationship Rewards
0.40%$5k$100k12 Month Bump Rate CD w/ Silver Relationship Rewards
0.35%$1k-12 Month CD
0.35%$1k-12 Month Flex CD w/ Silver Relationship Rewards
0.35%$100k-12 Month Jumbo CD
0.30%$1k-6 Month CD
0.30%$100k-6 Month Jumbo CD
0.25%$1k-91 Day CD
0.25%$100k-91 Day Jumbo CD
0.25%$5k$100k12 Month Bump Rate CD
0.20%$1k-12 Month Flex CD

Logix Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.65%$500-60 Month CESA w/ Platinum Relationship Rewards
1.65%$1k-60 Month IRA w/ Platinum Relationship Rewards
1.65%$100k-60 Month Jumbo IRA w/ Silver Relationship Rewards
1.45%$1k-60 Month IRA w/ Gold Relationship Rewards
1.45%$100k-60 Month Jumbo IRA w/ Gold Relationship Rewards
1.45%$500-60 Month CESA w/ Gold Relationship Rewards
1.35%$500-48 Month CESA w/ Platinum Relationship Rewards
1.35%$1k-48 Month IRA w/ Platinum Relationship Rewards
1.35%$100k-48 Month Jumbo IRA w/ Platinum Relationship Rewards
1.25%$500-36 Month CESA w/ Platinum Relationship Rewards
1.25%$1k-36 Month IRA w/ Platinum Relationship Rewards
1.25%$1k-60 Month IRA w/ Silver Relationship Rewards
1.25%$100k-36 Month Jumbo IRA w/ Platinum Relationship Rewards
1.25%$100k-60 Month Jumbo IRA w/ Platinum Relationship Rewards
1.25%$500-60 Month CESA w/ Silver Relationship Rewards
1.15%$1k-48 Month IRA w/ Gold Relationship Rewards
1.15%$100k-48 Month Jumbo IRA w/ Gold Relationship Rewards
1.15%$500-48 Month CESA w/ Gold Relationship Rewards
1.10%$1k-60 Month IRA
1.10%$100k-60 Month Jumbo IRA
1.10%$500-60 Month CESA
1.05%$1k-36 Month IRA w/ Gold Relationship Rewards
1.05%$100k-36 Month Jumbo IRA w/ Gold Relationship Rewards
1.05%$500-36 Month CESA w/ Gold Relationship Rewards
1.05%$500-24 Month CESA w/ Platinum Relationship Rewards
1.05%$1k-24 Month IRA w/ Platinum Relationship Rewards
1.05%$100k-24 Month Jumbo IRA w/ Platinum Relationship Rewards
1.00%$500-18 Month CESA w/ Platinum Relationship Rewards
1.00%$1k-18 Month IRA w/ Platinum Relationship Rewards
1.00%$100k-18 Month Jumbo IRA w/ Platinum Relationship Rewards
0.95%$1k-48 Month IRA w/ Silver Relationship Rewards
0.95%$100k-48 Month Jumbo IRA w/ Silver Relationship Rewards
0.95%$500-48 Month CESA w/ Silver Relationship Rewards
0.90%$500-12 Month CESA w/ Platinum Relationship Rewards
0.90%$1k-12 Month IRA w/ Platinum Relationship Rewards
0.90%$100k-12 Month Jumbo IRA w/ Platinum Relationship Rewards
0.85%$1k-24 Month IRA w/ Gold Relationship Rewards
0.85%$100k-24 Month Jumbo IRA w/ Gold Relationship Rewards
0.85%$500-24 Month CESA w/ Gold Relationship Rewards
0.85%$500-6 Month CESA w/ Platinum Relationship Rewards
0.85%$1k-6 Month IRA w/ Platinum Relationship Rewards
0.85%$1k-36 Month IRA w/ Silver Relationship Rewards
0.85%$100k-6 Month Jumbo IRA w/ Platinum Relationship Rewards
0.85%$100k-36 Month Jumbo IRA w/ Silver Relationship Rewards
0.85%$500-36 Month CESA w/ Silver Relationship Rewards
0.80%$1k-18 Month IRA w/ Gold Relationship Rewards
0.80%$100k-18 Month Jumbo IRA w/ Gold Relationship Rewards
0.80%$500-18 Month CESA w/ Gold Relationship Rewards
0.80%$500-91 Day CESA w/ Platinum Relationship Rewards
0.80%$1k-91 Day IRA w/ Platinum Relationship Rewards
0.80%$1k-48 Month IRA
0.80%$100k-91 Day Jumbo IRA w/ Platinum Relationship Rewards
0.80%$100k-48 Month Jumbo IRA
0.80%$500-48 Month CESA
0.70%$1k-12 Month IRA w/ Gold Relationship Rewards
0.70%$100k-12 Month Jumbo IRA w/ Gold Relationship Rewards
0.70%$500-12 Month CESA w/ Gold Relationship Rewards
0.70%$1k-36 Month IRA
0.70%$100k-36 Month Jumbo IRA
0.70%$500-36 Month CESA
0.65%$1k-6 Month IRA w/ Gold Relationship Rewards
0.65%$100k-6 Month Jumbo IRA w/ Gold Relationship Rewards
0.65%$500-6 Month CESA w/ Gold Relationship Rewards
0.65%$1k-24 Month IRA w/ Silver Relationship Rewards
0.65%$100k-24 Month Jumbo IRA w/ Silver Relationship Rewards
0.65%$500-24 Month CESA w/ Silver Relationship Rewards
0.60%$1k-91 Day IRA w/ Gold Relationship Rewards
0.60%$100k-91 Day Jumbo IRA w/ Gold Relationship Rewards
0.60%$500-91 Day CESA w/ Gold Relationship Rewards
0.60%$1k-18 Month IRA w/ Silver Relationship Rewards
0.60%$100k-18 Month Jumbo IRA w/ Silver Relationship Rewards
0.60%$500-18 Month CESA w/ Silver Relationship Rewards
0.50%$1k-12 Month IRA w/ Silver Relationship Rewards
0.50%$1k-24 Month IRA
0.50%$100k-12 Month Jumbo IRA w/ Silver Relationship Rewards
0.50%$100k-24 Month Jumbo IRA
0.50%$500-12 Month CESA w/ Silver Relationship Rewards
0.50%$500-24 Month CESA
0.45%$1k-6 Month IRA w/ Silver Relationship Rewards
0.45%$1k-18 Month IRA
0.45%$100k-6 Month Jumbo IRA w/ Silver Relationship Rewards
0.45%$100k-18 Month Jumbo IRA
0.45%$500-6 Month CESA w/ Silver Relationship Rewards
0.45%$500-18 Month CESA
0.40%$1k-91 Day IRA w/ Silver Relationship Rewards
0.40%$100k-91 Day Jumbo IRA w/ Silver Relationship Rewards
0.40%$500-91 Day CESA w/ Silver Relationship Rewards
0.35%$1k-12 Month IRA
0.35%$100k-12 Month Jumbo IRA
0.35%$500-12 Month CESA
0.30%$1k-6 Month IRA
0.30%$100k-6 Month Jumbo IRA
0.30%$500-6 Month CESA
0.25%$1k-91 Day IRA
0.25%$100k-91 Day Jumbo IRA
0.25%$500-91 Day CESA
Locations

Logix Federal Credit Union has 14 locations. Click to view all Logix Federal Credit Union locations.