Logix Federal Credit Union


Overview / Commentary
818-565-2020
27918 Franklin Pkwy
Valencia, CA 91355

Headquartered in Burbank, California, Logix Federal Credit Union (formerly Lockheed Aircraft Employees Federal Credit Union) was founded in 1937 with just twelve charter members. Today, the member-owned credit union serves over 100,000 members at over 10 branch locations in Southern California – as well as through online banking options available to the residents of several other states. Logix FCU prides itself on high ratings for customer service.

Logix FCU provides a range of personal depository banking products, including checking accounts, savings accounts, money market accounts, Certificates of Deposit (CDs), and Individual Retirement Accounts (IRAs). All of Logix’s checking accounts feature convenient online and mobile banking, including mobile check deposits and bill payment options. Premium checking options require certain minimum balances.

Logix’s money market accounts offer higher APYs for higher balances and are federally insured up to $250,000. Its CD terms range from 91 days to 60 months, and the 12-month bump rate CD includes a one-time rate bump up at the time of this writing. Finally, Logix offers Traditional and Roth IRA products, as well as Coverdell Education Savings Accounts (CESA), with interest rates that match its money market accounts.

Logix FCU does not offer business depository banking products. However, it does provide commercial real estate and small business administration (SBA) loans.

Field of Membership Restrictions

Logix Federal Credit Union is open to residents of Arizona, California, Massachusetts, Maryland, Maine, New Hampshire, Nevada, and Virginia.
See current membership details

Best Credit Union And/Or Bank

Posted by: |

I have been with them over 20 years. The are efficient and professional, I was hacked and they rescued me.
I am new to mobile banking but found with their help, I was easily able to master it.

Excellent Rates, Service, And Products

Posted by: |

Logix has been my best banking or even credit union experience by far. I have had good experiences with both a mortgage and car loan as well as accounts in general and have quite enjoyed the occasional share dividend (separate from interest on accounts). The recent no-nonsense 1.99% automatic loan for anything (I used it for consolidation--including a Logix account, no restriction nor additional percentage/transfer) was great too.

Sometimes wish the website/phone app was slightly snappier or there were a couple more branches (North Hollywood to Sherman Oaks area would be great) but also appreciate they're not like First Entertainment blowing through all their money to pop up and advertise everywhere while providing mediocre rates and service.

UPDATE: 3/26/24 Promo 12 Mo. 5.0% Flex CD - Allows Additional Deposit Later

Posted by: |

Pays 5.0% with a $1,000 minimum. Reduced from 5.25%

An advantage: you can add additional funds OF ANY AMOUNT once. In essence, you are locking in a 5.0% return for a year if rates plummet. My strategy is to open CDs every week or two but only with the $1,000 minimum. Since the offer can be pulled at any time I want the ability to deposit an additional $249K and get 5.0% right up to the latest possible maturity date.

And to make the deal even better you are allowed one withdrawal of up to 25% of the CD balance with no early withdrawal penalty. Sweet!

You cannot open this CD via transfer from funds already at LOGIX. The funding is via ACH from an external account.

Logix Credit Cards

I paid off my entire balance in August, then in October I was called and informed that i owed them 430 dollars. When I inquired as to what it was for, I was given the explanation that it is for interest from the prior billing cycle. I was confused and asked when the interest was accrued. "From May until you paid it off. Then the late fees, and the interest from that balance." I was not notified of any of this until October 20th. After giving me the run around, and after I asked too many questions, they said they were just talking in circles and were going to disconnect. Extremely unethical in how they conduct business. They make it difficult to arrange auto-payments, which of course leads to late payments and those tasty late fees. I regret doing business with them.
If you know any loan sharks, or have mob connections, use them first. I'll be posting this everywhere.

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Health

Health Grade Components

Overall
NCUA #1999
Year Chartered1937
Employees826
Primary Regulator
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD6.7%
Annual Interest Income$105.5MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$9.84B$9.72B
LoansQ1 2024vs Q1 2023$7.72B$7.65B
DepositsQ1 2024vs Q1 2023$7.54B$7.41B
Equity CapitalQ1 2024vs Q1 2023$1.17B$1.09B
Loan Loss AllowanceQ1 2024vs Q1 2023$78MM$80.7MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$27.2MM$17.8MM
Real Estate OwnedQ1 2024vs Q1 2023$283K$0
Rates
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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 cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Logix Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%*$25k*$100kHigh Rate Savings Special
OTHER TIERS: 1.80% $100k+
2.50%*$50k*-IRA Savings
OTHER TIERS: 2.00% $0 - $10k | 2.25% $10k - $50k
0.25%$0-Main Savings
0.25%$0-Additional Savings
0.25%$0-Holiday Club Savings
0.25%$0-Vacation Club Savings
0.15%$0-Business Main Savings
0.15%$0-Business Additional Savings

Logix Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.20%*$500k*-Money Market
OTHER TIERS: 0.80% $0 - $7.5k | 0.85% $7.5k - $10k | 0.90% $10k - $25k | 1.00% $25k - $50k | 1.15% $50k - $100k | 1.80% $100k - $250k | 2.10% $250k - $500k
2.20%*$500k*-Business Money Market
OTHER TIERS: 0.80% $0 - $7.5k | 0.85% $7.5k - $10k | 0.90% $10k - $25k | 1.00% $25k - $50k | 1.15% $50k - $100k | 1.80% $100k - $250k | 2.10% $250k - $500k

Logix Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-High Rate Checking
OTHER TIERS: 0.10% $20k - $50k | 0.20% $50k - $100k
0.20%$2.5k-Platinum Premier Checking
0.15%$2.5k-Gold Premier Checking
0.10%$2.5k-Silver Premier Checking
0.05%$2.5k-Premier Checking

Logix Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$1k-12 Month Flex CD Special - New money
5.00%$1k-12 Month Flex CD Special w/ Gold Relationship Rewards - New money
5.00%$1k-12 Month Flex CD Special w/ Platinum Relationship Rewards - New money
5.00%$1k-12 Month Flex CD Special w/ Silver Relationship Rewards - New money
4.75%$1k-13 Month CD Special
4.75%$1k-13 Month CD Special w/ Gold Relationship Rewards
4.75%$1k-13 Month CD Special w/ Platinum Relationship Rewards
4.75%$1k-13 Month CD Special w/ Silver Relationship Rewards
4.70%$5k-12 Month Bump CD Special
4.70%$5k-12 Month Bump CD Special w/ Gold Relationship Rewards Special
4.70%$5k-12 Month Bump CD Special w/ Platinum Relationship Rewards
4.70%$5k-12 Month Bump CD Special w/ Silver Relationship Rewards
4.35%$100k-24 Month Jumbo CD w/ Platinum Relationship Rewards
4.35%$100k-36 Month Jumbo CD w/ Platinum Relationship Rewards
4.35%$100k-48 Month Jumbo CD w/ Platinum Relationship Rewards
4.35%$100k-60 Month Jumbo CD w/ Platinum Relationship Rewards
4.25%$100k-18 Month Jumbo CD w/ Platinum Relationship Rewards
4.25%$1k-24 Month CD w/ Platinum Relationship Rewards
4.25%$1k-36 Month CD w/ Platinum Relationship Rewards
4.25%$1k-48 Month CD w/ Platinum Relationship Rewards
4.25%$1k-60 Month CD w/ Platinum Relationship Rewards
4.15%$100k-12 Month Jumbo CD w/ Platinum Relationship Rewards
4.15%$1k-18 Month CD w/ Platinum Relationship Rewards
4.05%$1k-12 Month CD w/ Platinum Relationship Rewards
4.00%$1k-Business 12 Month CD
4.00%$1k-Business 6 Month CD
3.90%$100k-24 Month Jumbo CD w/ Gold Relationship Rewards
3.90%$100k-36 Month Jumbo CD w/ Gold Relationship Rewards
3.90%$100k-48 Month Jumbo CD w/ Gold Relationship Rewards
3.90%$100k-60 Month Jumbo CD w/ Gold Relationship Rewards
3.80%$1k-24 Month CD w/ Gold Relationship Rewards
3.80%$1k-36 Month CD w/ Gold Relationship Rewards
3.80%$1k-48 Month CD w/ Gold Relationship Rewards
3.80%$1k-60 Month CD w/ Gold Relationship Rewards
3.80%$100k-18 Month Jumbo CD w/ Gold Relationship Rewards
3.80%$100k-24 Month Jumbo CD w/ Silver Relationship Rewards
3.80%$100k-36 Month Jumbo CD w/ Silver Relationship Rewards
3.80%$100k-48 Month Jumbo CD w/ Silver Relationship Rewards
3.80%$100k-60 Month Jumbo CD w/ Silver Relationship Rewards
3.70%$1k-18 Month CD w/ Gold Relationship Rewards
3.70%$100k-12 Month Jumbo CD w/ Gold Relationship Rewards
3.70%$100k-18 Month Jumbo CD w/ Silver Relationship Rewards
3.70%$1k-24 Month CD w/ Silver Relationship Rewards
3.70%$100k-24 Month Jumbo CD
3.70%$1k-36 Month CD w/ Silver Relationship Rewards
3.70%$100k-36 Month Jumbo CD
3.70%$1k-48 Month CD w/ Silver Relationship Rewards
3.70%$100k-48 Month Jumbo CD
3.70%$1k-60 Month CD w/ Silver Relationship Rewards
3.70%$100k-60 Month Jumbo CD
3.60%$1k-12 Month CD w/ Gold Relationship Rewards
3.60%$100k-12 Month Jumbo CD w/ Silver Relationship Rewards
3.60%$1k-18 Month CD w/ Silver Relationship Rewards
3.60%$100k-18 Month Jumbo CD
3.60%$1k-24 Month CD
3.60%$1k-36 Month CD
3.60%$1k-48 Month CD
3.60%$1k-60 Month CD
3.50%$1k-12 Month CD w/ Silver Relationship Rewards
3.50%$100k-12 Month Jumbo CD
3.50%$1k-18 Month CD
3.40%$1k-12 Month CD
3.30%$100k-6 Month Jumbo CD w/ Platinum Relationship Rewards
3.20%$1k-6 Month CD w/ Platinum Relationship Rewards
2.95%$100k-91 Day Jumbo CD w/ Platinum Relationship Rewards
2.85%$100k-6 Month Jumbo CD w/ Gold Relationship Rewards
2.85%$1k-91 Day CD w/ Platinum Relationship Rewards
2.75%$1k-6 Month CD w/ Gold Relationship Rewards
2.75%$100k-6 Month Jumbo CD w/ Silver Relationship Rewards
2.65%$1k-6 Month CD w/ Silver Relationship Rewards
2.50%$100k-91 Day Jumbo CD w/ Gold Relationship Rewards
2.40%$1k-91 Day CD w/ Gold Relationship Rewards
2.40%$100k-91 Day Jumbo CD w/ Silver Relationship Rewards
2.30%$1k-91 Day CD w/ Silver Relationship Rewards
2.30%$100k-91 Day Jumbo CD
2.30%$100k-6 Month Jumbo CD
2.20%$1k-91 Day CD
2.20%$1k-6 Month CD

Logix Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.35%$100k-24 Month Jumbo IRA w/ Platinum Relationship Rewards
4.35%$100k-36 Month Jumbo IRA w/ Platinum Relationship Rewards
4.35%$100k-48 Month Jumbo IRA w/ Platinum Relationship Rewards
4.35%$100k-60 Month Jumbo IRA w/ Platinum Relationship Rewards
4.25%$500-24 Month CESA w/ Platinum Relationship Rewards
4.25%$1k-24 Month IRA w/ Platinum Relationship Rewards
4.25%$500-36 Month CESA w/ Platinum Relationship Rewards
4.25%$1k-36 Month IRA w/ Platinum Relationship Rewards
4.25%$500-48 Month CESA w/ Platinum Relationship Rewards
4.25%$1k-48 Month IRA w/ Platinum Relationship Rewards
4.25%$500-60 Month CESA w/ Platinum Relationship Rewards
4.25%$1k-60 Month IRA w/ Platinum Relationship Rewards
4.25%$100k-18 Month Jumbo IRA w/ Platinum Relationship Rewards
4.15%$500-18 Month CESA w/ Platinum Relationship Rewards
4.15%$1k-18 Month IRA w/ Platinum Relationship Rewards
4.15%$100k-12 Month Jumbo IRA w/ Platinum Relationship Rewards
4.05%$500-12 Month CESA w/ Platinum Relationship Rewards
4.05%$1k-12 Month IRA w/ Platinum Relationship Rewards
3.90%$100k-24 Month Jumbo IRA w/ Gold Relationship Rewards
3.90%$100k-36 Month Jumbo IRA w/ Gold Relationship Rewards
3.90%$100k-48 Month Jumbo IRA w/ Gold Relationship Rewards
3.90%$100k-60 Month Jumbo IRA w/ Gold Relationship Rewards
3.80%$100k-18 Month Jumbo IRA w/ Gold Relationship Rewards
3.80%$1k-24 Month IRA w/ Gold Relationship Rewards
3.80%$1k-36 Month IRA w/ Gold Relationship Rewards
3.80%$1k-48 Month IRA w/ Gold Relationship Rewards
3.80%$1k-60 Month IRA w/ Gold Relationship Rewards
3.80%$500-24 Month CESA w/ Gold Relationship Rewards
3.80%$500-36 Month CESA w/ Gold Relationship Rewards
3.80%$500-48 Month CESA w/ Gold Relationship Rewards
3.80%$500-60 Month CESA w/ Gold Relationship Rewards
3.80%$100k-24 Month Jumbo IRA w/ Silver Relationship Rewards
3.80%$100k-36 Month Jumbo IRA w/ Silver Relationship Rewards
3.80%$100k-48 Month Jumbo IRA w/ Silver Relationship Rewards
3.80%$100k-60 Month Jumbo IRA w/ Silver Relationship Rewards
3.70%$100k-12 Month Jumbo IRA w/ Gold Relationship Rewards
3.70%$1k-18 Month IRA w/ Gold Relationship Rewards
3.70%$500-18 Month CESA w/ Gold Relationship Rewards
3.70%$1k-24 Month IRA w/ Silver Relationship Rewards
3.70%$1k-36 Month IRA w/ Silver Relationship Rewards
3.70%$1k-48 Month IRA w/ Silver Relationship Rewards
3.70%$1k-60 Month IRA w/ Silver Relationship Rewards
3.70%$100k-18 Month Jumbo IRA w/ Silver Relationship Rewards
3.70%$100k-24 Month Jumbo IRA
3.70%$100k-36 Month Jumbo IRA
3.70%$100k-48 Month Jumbo IRA
3.70%$100k-60 Month Jumbo IRA
3.70%$500-24 Month CESA w/ Silver Relationship Rewards
3.70%$500-36 Month CESA w/ Silver Relationship Rewards
3.70%$500-48 Month CESA w/ Silver Relationship Rewards
3.70%$500-60 Month CESA w/ Silver Relationship Rewards
3.60%$1k-12 Month IRA w/ Gold Relationship Rewards
3.60%$500-12 Month CESA w/ Gold Relationship Rewards
3.60%$1k-18 Month IRA w/ Silver Relationship Rewards
3.60%$1k-24 Month IRA
3.60%$1k-36 Month IRA
3.60%$1k-48 Month IRA
3.60%$1k-60 Month IRA
3.60%$100k-12 Month Jumbo IRA w/ Silver Relationship Rewards
3.60%$100k-18 Month Jumbo IRA
3.60%$500-18 Month CESA w/ Silver Relationship Rewards
3.60%$500-24 Month CESA
3.60%$500-36 Month CESA
3.60%$500-48 Month CESA
3.60%$500-60 Month CESA
3.50%$1k-12 Month IRA w/ Silver Relationship Rewards
3.50%$1k-18 Month IRA
3.50%$100k-12 Month Jumbo IRA
3.50%$500-12 Month CESA w/ Silver Relationship Rewards
3.50%$500-18 Month CESA
3.40%$1k-12 Month IRA
3.40%$500-12 Month CESA
3.30%$100k-6 Month Jumbo IRA w/ Platinum Relationship Rewards
3.20%$500-6 Month CESA w/ Platinum Relationship Rewards
3.20%$1k-6 Month IRA w/ Platinum Relationship Rewards
2.95%$100k-91 Day Jumbo IRA w/ Platinum Relationship Rewards
2.85%$100k-6 Month Jumbo IRA w/ Gold Relationship Rewards
2.85%$500-91 Day CESA w/ Platinum Relationship Rewards
2.85%$1k-91 Day IRA w/ Platinum Relationship Rewards
2.75%$1k-6 Month IRA w/ Gold Relationship Rewards
2.75%$500-6 Month CESA w/ Gold Relationship Rewards
2.75%$100k-6 Month Jumbo IRA w/ Silver Relationship Rewards
2.65%$1k-6 Month IRA w/ Silver Relationship Rewards
2.65%$500-6 Month CESA w/ Silver Relationship Rewards
2.60%$100k-91 Day Jumbo IRA w/ Silver Relationship Rewards
2.50%$100k-91 Day Jumbo IRA w/ Gold Relationship Rewards
2.40%$1k-91 Day IRA w/ Gold Relationship Rewards
2.40%$500-91 Day CESA w/ Gold Relationship Rewards
2.30%$1k-91 Day IRA w/ Silver Relationship Rewards
2.30%$100k-91 Day Jumbo IRA
2.30%$100k-6 Month Jumbo IRA
2.30%$500-91 Day CESA w/ Silver Relationship Rewards
2.20%$1k-91 Day IRA
2.20%$1k-6 Month IRA
2.20%$500-91 Day CESA
2.20%$500-6 Month CESA
Locations

Availability

Los Angeles Area

Interactive local rates map


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