Logix Federal Credit Union


Overview / Commentary
818-565-2020
2340 N Hollywood Way
Burbank, CA 91505-1124

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, the District of Columbia, Massachusetts, Maryland, Maine, New Hampshire, Nevada, and Virginia. (membership requirements are listed in the credit union's online application)
See current membership details

Related Posts

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Great Institution!

Posted by: swm | Nov 5, 2011

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

Chexsystems Inquiries

My initial application for membership was declined because of the number of ChexSystems inquiries (not negative information, just the number of inquiries). I was able to join after appealing the decision, and the credit union has some unique products: it's one of the few that offers mortgages on investment properties instead of primary residences.

Sloppy, Lost All Account Materials

Posted by: planxy | May 26, 2013

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.

Beware Of Newly Imposed Low Balance Fees

After carrying a six- figure Logix credit card balance and paying them close to $100 monthly interest and always making on- time payments for several years, I finally was able to pay off my card. Within a week, I received a letter informing me that a $5 per month low-balance maintenance fee would now be assessed unless I either boosted my credit card debt, or keep $1,000 on deposit. I belong to five other credit unions and have never seen this kind of BofA.-style nickel and diming , money squeezing B.S at any credit union. Wrote a much more polite, complaint letter to [email protected] (Chief Op Ofc) and [email protected] (CFO) and neither responded. I closed my account yesterday. You can do much better elsewhere. Try NASA credit union, which is open to the public if you buy a one time association membership of around $20 if I recall the amount correctly, or try PenFed. Say goodbye to Hollywood.

VIEW MORE REVIEWS

Health
A+

Health Grade Components

Overall
NCUA #1999
Year Chartered1937
Employees715
Primary Regulator
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD7.05%
Annual Interest Income$119.0MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$6.14B$5.77B
LoansQ2 2019vs Q2 2018$5.50B$5.16B
DepositsQ2 2019vs Q2 2018$4.82B$4.26B
Equity CapitalQ2 2019vs Q2 2018$942.2MM$870.7MM
Loan Loss AllowanceQ2 2019vs Q2 2018$63.5MM$56.8MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$25.1MM$20.8MM
Real Estate OwnedQ2 2019vs Q2 2018$0$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
2.00%*$100k*-IRA Savings
OTHER TIERS: 0.50% Up to $7.5k | 0.60% $7.5k - $10k | 0.70% $10k - $25k | 0.80% $25k - $50k | 0.90% $50k - $100k
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$100k*-Money Market
OTHER TIERS: 0.50% Up to $7.5k | 0.60% $7.5k - $10k | 0.70% $10k - $25k | 0.80% $25k - $50k | 0.90% $50k - $100k
1.80%*$100k*-Business Money Market
OTHER TIERS: 0.30% Up to $7.5k | 0.40% $7.5k - $10k | 0.50% $10k - $25k | 0.60% $25k - $50k | 0.70% $50k - $100k

Logix Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$100k*-High Rate Checking
OTHER TIERS: 0.30% $20k - $50k | 0.40% $50k - $100k
0.40%$2.5k-Platinum Premier Checking
0.25%$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
2.40%$100k-60 Month Jumbo CD w/ Platinum Relationship Rewards
2.35%$100k-48 Month Jumbo CD w/ Platinum Relationship Rewards
2.30%$100k-18 Month Jumbo CD w/ Platinum Relationship Rewards
2.30%$100k-24 Month Jumbo CD w/ Platinum Relationship Rewards
2.30%$100k-36 Month Jumbo CD w/ Platinum Relationship Rewards
2.30%$1k-60 Month CD w/ Platinum Relationship Rewards
2.25%$100k-12 Month Jumbo CD w/ Platinum Relationship Rewards
2.25%$1k-48 Month CD w/ Platinum Relationship Rewards
2.20%$1k-18 Month CD w/ Platinum Relationship Rewards
2.20%$1k-24 Month CD w/ Platinum Relationship Rewards
2.20%$1k-36 Month CD w/ Platinum Relationship Rewards
2.15%$100k-60 Month Jumbo CD w/ Gold Relationship Rewards
2.15%$1k-12 Month CD w/ Platinum Relationship Rewards
2.10%$100k-48 Month Jumbo CD w/ Gold Relationship Rewards
2.05%$1k-60 Month CD w/ Gold Relationship Rewards
2.05%$100k-18 Month Jumbo CD w/ Gold Relationship Rewards
2.05%$100k-24 Month Jumbo CD w/ Gold Relationship Rewards
2.05%$100k-36 Month Jumbo CD w/ Gold Relationship Rewards
2.05%$100k-6 Month Jumbo CD w/ Platinum Relationship Rewards
2.05%$5k-12 Month Bump CD w/ Platinum Relationship Rewards
2.00%$1k-48 Month CD w/ Gold Relationship Rewards
2.00%$100k-12 Month Jumbo CD w/ Gold Relationship Rewards
2.00%$1k-12 Month Flex CD w/ Platinum Relationship Rewards
1.95%$1k-18 Month CD w/ Gold Relationship Rewards
1.95%$1k-24 Month CD w/ Gold Relationship Rewards
1.95%$1k-36 Month CD w/ Gold Relationship Rewards
1.95%$1k-6 Month CD w/ Platinum Relationship Rewards
1.90%$1k-12 Month CD w/ Gold Relationship Rewards
1.85%$100k-60 Month Jumbo CD w/ Silver Relationship Rewards
1.80%$5k-12 Month Bump CD w/ Gold Relationship Rewards
1.80%$100k-6 Month Jumbo CD w/ Gold Relationship Rewards
1.80%$100k-48 Month Jumbo CD w/ Silver Relationship Rewards
1.75%$1k-12 Month Flex CD w/ Gold Relationship Rewards
1.75%$100k-18 Month Jumbo CD w/ Silver Relationship Rewards
1.75%$100k-24 Month Jumbo CD w/ Silver Relationship Rewards
1.75%$100k-36 Month Jumbo CD w/ Silver Relationship Rewards
1.75%$1k-60 Month CD w/ Silver Relationship Rewards
1.70%$1k-6 Month CD w/ Gold Relationship Rewards
1.70%$100k-12 Month Jumbo CD w/ Silver Relationship Rewards
1.70%$1k-48 Month CD w/ Silver Relationship Rewards
1.65%$1k-18 Month CD w/ Silver Relationship Rewards
1.65%$1k-24 Month CD w/ Silver Relationship Rewards
1.65%$1k-36 Month CD w/ Silver Relationship Rewards
1.60%$1k-12 Month CD w/ Silver Relationship Rewards
1.60%$100k-60 Month Jumbo CD
1.55%$100k-48 Month Jumbo CD
1.50%$100k-6 Month Jumbo CD w/ Silver Relationship Rewards
1.50%$5k-12 Month Bump CD w/ Silver Relationship Rewards
1.50%$100k-18 Month Jumbo CD
1.50%$100k-24 Month Jumbo CD
1.50%$100k-36 Month Jumbo CD
1.50%$1k-60 Month CD
1.45%$100k-91 Day Jumbo CD w/ Platinum Relationship Rewards
1.45%$1k-12 Month Flex CD w/ Silver Relationship Rewards
1.45%$100k-12 Month Jumbo CD
1.45%$1k-48 Month CD
1.40%$1k-6 Month CD w/ Silver Relationship Rewards
1.40%$1k-18 Month CD
1.40%$1k-24 Month CD
1.40%$1k-36 Month CD
1.35%$1k-91 Day CD w/ Platinum Relationship Rewards
1.35%$1k-12 Month CD
1.25%$100k-6 Month Jumbo CD
1.25%$5k-12 Month Bump CD
1.20%$100k-91 Day Jumbo CD w/ Gold Relationship Rewards
1.20%$1k-12 Month Flex CD
1.15%$1k-6 Month CD
1.10%$1k-91 Day CD w/ Gold Relationship Rewards
0.90%$100k-91 Day Jumbo CD w/ Silver Relationship Rewards
0.80%$1k-91 Day CD w/ Silver Relationship Rewards
0.65%$100k-91 Day Jumbo CD
0.55%$1k-91 Day CD

Logix Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.40%$100k-60 Month Jumbo IRA w/ Platinum Relationship Rewards
2.35%$100k-48 Month Jumbo IRA w/ Platinum Relationship Rewards
2.30%$500-60 Month CESA w/ Platinum Relationship Rewards
2.30%$1k-60 Month IRA w/ Platinum Relationship Rewards
2.30%$100k-18 Month Jumbo IRA w/ Platinum Relationship Rewards
2.30%$100k-24 Month Jumbo IRA w/ Platinum Relationship Rewards
2.30%$100k-36 Month Jumbo IRA w/ Platinum Relationship Rewards
2.25%$500-48 Month CESA w/ Platinum Relationship Rewards
2.25%$1k-48 Month IRA w/ Platinum Relationship Rewards
2.25%$100k-12 Month Jumbo IRA w/ Platinum Relationship Rewards
2.20%$500-18 Month CESA w/ Platinum Relationship Rewards
2.20%$1k-18 Month IRA w/ Platinum Relationship Rewards
2.20%$500-24 Month CESA w/ Platinum Relationship Rewards
2.20%$1k-24 Month IRA w/ Platinum Relationship Rewards
2.20%$500-36 Month CESA w/ Platinum Relationship Rewards
2.20%$1k-36 Month IRA w/ Platinum Relationship Rewards
2.15%$100k-60 Month Jumbo IRA w/ Gold Relationship Rewards
2.15%$500-12 Month CESA w/ Platinum Relationship Rewards
2.15%$1k-12 Month IRA w/ Platinum Relationship Rewards
2.10%$100k-48 Month Jumbo IRA w/ Gold Relationship Rewards
2.05%$100k-18 Month Jumbo IRA w/ Gold Relationship Rewards
2.05%$100k-24 Month Jumbo IRA w/ Gold Relationship Rewards
2.05%$100k-36 Month Jumbo IRA w/ Gold Relationship Rewards
2.05%$1k-60 Month IRA w/ Gold Relationship Rewards
2.05%$500-60 Month CESA w/ Gold Relationship Rewards
2.05%$100k-6 Month Jumbo IRA w/ Platinum Relationship Rewards
2.00%$100k-12 Month Jumbo IRA w/ Gold Relationship Rewards
2.00%$1k-48 Month IRA w/ Gold Relationship Rewards
2.00%$500-48 Month CESA w/ Gold Relationship Rewards
1.95%$1k-18 Month IRA w/ Gold Relationship Rewards
1.95%$1k-24 Month IRA w/ Gold Relationship Rewards
1.95%$1k-36 Month IRA w/ Gold Relationship Rewards
1.95%$500-18 Month CESA w/ Gold Relationship Rewards
1.95%$500-24 Month CESA w/ Gold Relationship Rewards
1.95%$500-36 Month CESA w/ Gold Relationship Rewards
1.95%$500-6 Month CESA w/ Platinum Relationship Rewards
1.95%$1k-6 Month IRA w/ Platinum Relationship Rewards
1.90%$1k-12 Month IRA w/ Gold Relationship Rewards
1.90%$500-12 Month CESA w/ Gold Relationship Rewards
1.85%$100k-60 Month Jumbo IRA w/ Silver Relationship Rewards
1.80%$100k-6 Month Jumbo IRA w/ Gold Relationship Rewards
1.80%$100k-48 Month Jumbo IRA w/ Silver Relationship Rewards
1.75%$1k-60 Month IRA w/ Silver Relationship Rewards
1.75%$100k-18 Month Jumbo IRA w/ Silver Relationship Rewards
1.75%$100k-24 Month Jumbo IRA w/ Silver Relationship Rewards
1.75%$100k-36 Month Jumbo IRA w/ Silver Relationship Rewards
1.75%$500-60 Month CESA w/ Silver Relationship Rewards
1.70%$1k-6 Month IRA w/ Gold Relationship Rewards
1.70%$500-6 Month CESA w/ Gold Relationship Rewards
1.70%$1k-48 Month IRA w/ Silver Relationship Rewards
1.70%$100k-12 Month Jumbo IRA w/ Silver Relationship Rewards
1.70%$500-48 Month CESA w/ Silver Relationship Rewards
1.65%$1k-18 Month IRA w/ Silver Relationship Rewards
1.65%$1k-24 Month IRA w/ Silver Relationship Rewards
1.65%$1k-36 Month IRA w/ Silver Relationship Rewards
1.65%$500-18 Month CESA w/ Silver Relationship Rewards
1.65%$500-24 Month CESA w/ Silver Relationship Rewards
1.65%$500-36 Month CESA w/ Silver Relationship Rewards
1.60%$1k-12 Month IRA w/ Silver Relationship Rewards
1.60%$100k-60 Month Jumbo IRA
1.60%$500-12 Month CESA w/ Silver Relationship Rewards
1.55%$100k-48 Month Jumbo IRA
1.50%$1k-60 Month IRA
1.50%$100k-6 Month Jumbo IRA w/ Silver Relationship Rewards
1.50%$100k-18 Month Jumbo IRA
1.50%$100k-24 Month Jumbo IRA
1.50%$100k-36 Month Jumbo IRA
1.50%$500-60 Month CESA
1.45%$1k-48 Month IRA
1.45%$100k-91 Day Jumbo IRA w/ Platinum Relationship Rewards
1.45%$100k-12 Month Jumbo IRA
1.45%$500-48 Month CESA
1.40%$1k-6 Month IRA w/ Silver Relationship Rewards
1.40%$1k-18 Month IRA
1.40%$1k-24 Month IRA
1.40%$1k-36 Month IRA
1.40%$500-6 Month CESA w/ Silver Relationship Rewards
1.40%$500-18 Month CESA
1.40%$500-24 Month CESA
1.40%$500-36 Month CESA
1.35%$500-91 Day CESA w/ Platinum Relationship Rewards
1.35%$1k-91 Day IRA w/ Platinum Relationship Rewards
1.35%$1k-12 Month IRA
1.35%$500-12 Month CESA
1.25%$100k-6 Month Jumbo IRA
1.20%$100k-91 Day Jumbo IRA w/ Gold Relationship Rewards
1.15%$1k-6 Month IRA
1.15%$500-6 Month CESA
1.10%$1k-91 Day IRA w/ Gold Relationship Rewards
1.10%$500-91 Day CESA w/ Gold Relationship Rewards
0.90%$100k-91 Day Jumbo IRA w/ Silver Relationship Rewards
0.80%$1k-91 Day IRA w/ Silver Relationship Rewards
0.80%$500-91 Day CESA w/ Silver Relationship Rewards
0.65%$100k-91 Day Jumbo IRA
0.55%$1k-91 Day IRA
0.55%$500-91 Day CESA
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