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Logix Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.10%5-year CD60 Month Jumbo CD
1.85% - Synchrony Bank 60 Month CDAdvertisement
0.25%SavingsAdditional Savings
1.00% - Ally Bank Online Savings AccountAdvertisement
0.20%1-year CD12 Month Flex CD
1.05% - Ally Bank High Yield 12-Month CDAdvertisement
View all Logix Federal Credit Union rates »

Overview / Commentary
www.logixbanking.com
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 26th largest credit union in the nation. It was established in 1937 and as of June of 2016, it had grown to 533 employees and 168,339 members at 15 locations. Logix Federal Credit Union's money market rates are 59% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership is open to residents of Arizona, California, the District of Columbia, Massachusetts, Maryland, Maine, New Hampshire, Nevada, and Virginia. (membership requirements listed in the credit union's online application)
See current membership details

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Reviews (7)

The Best Credit Union

Posted by: BrandonJones | Feb 25, 2016

I have been banking with Logix for many years, dating back to when it was known as Lockheed Federal Credit Union. I have two savings accounts, a checking account and a money market account. I could not be happier with all of them. They do not charge any fees for their accounts, and they only require a $5 daily minimum balance for all accounts except certain savings accounts. Their interest rates are very competitive. In fact, I have switched my savings account from another bank over to Logix so that I could receive their higher interest rate. Their customer service has always been fantastic. All of their employees are very polite and always so willing to help with whatever their clients need. My only complaint about Logix is their website and mobile app. They are both hit and miss. Sometimes they will not work very well. Other than that, I am completely satisfied with Logix and would highly recommend them.

1

Excellent credit union!!!

Posted by: Richie | Jun 1, 2015

Don't be fooled by the name, they call themselves Logix Banking but this is what was formally known as Lockheed Federal Credit Union. They use the term "bank" as they were afraid too many people thought they wouldn't be able to join, but this is not the case, they accept everybody. My star ratings do reflect the fact that I have been always treated with respect, courtesy, and professionalism with this credit union. All of the tellers are consistently friendly, and they have very competitive loan rates.
Also, their online and mobile banking services offer everything a regular fee bank has, without all those pesky fees.
You know the best part? In the past two years, I've received a "loyalty reward" of 25.00 deposited to my savings account. They can do this because they are a non-profit and can pass their profit back onto the members. So, not only do enjoy very low or no fees, you get an annual loyalty bonus from them.
I don't know why anyone would want to do business at a regular for profit bank. Their online checking, savings, and bill pay system is very easy and intuitive. They also have smartphone check deposit, and it is flawless! I highly recommend Logix!

1

Great Products

Posted by: SteveJohnson | Apr 14, 2015

I had a few accounts with Wells Fargo and noticed the day after i opened my accounts I had a credit card that i didn't apply for. I didn't request anything from Wells and decided to close my account. As I was walking I noticed this credit union and saw a representative greet me at the door. I've never been to a bank where they were humble and polite so i decided to open an account and get to know the Banker. They are very helpful and have been with them for over 3+ years.

1

Excellent Credit Union-Why pay the fees?

Posted by: Richman0101 | Apr 2, 2015

I have been a member of the bank for several years now. Actually, Logix Smarter Banking is actually a credit union and used to be called Lockheed Federal Credit Union.
I cannot say enough good things about this bank. They are always very courteous, and have all of the same services as a regular bank. The differences are their fees are very low compared to many banks. Their online website and bill pay are first class, and they do have an app for check deposit that is first class. Their online bill pay is very intuitive and is seamless.
The icing on the cake is besides having very low fees, every year for the past 3 years, I've been getting a 25.00 dollar loyalty reward deposited to my savings account! They can do this as they are a non-profit, so they pass any profit back to the members. You will not regret joining this bank.

1

Great Institution!

Posted by: swm | Nov 5, 2011

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

6

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.

6

Sensitive To Chexsystems Inquiries?

Posted by: matthewgast | May 20, 2016

My application to join the credit union was declined due to an excessive number of ChexSystems inquiries. Yes, inquiries, not any negative information about how I use my accounts.

1


Health
A+

Data as of Q2 2016

Learn more about bank health

Health Grade Components

Overall
NCUA #1999
Year Chartered1937
Employees533
Primary Regulator
Profit Margin
Return on Assets - YTD1.38%
Return on Equity - YTD8.74%
Annual Interest Income$79.6MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$4.66B$4.08B
LoansQ2 2016vs Q2 2015$3.94B$3.27B
DepositsQ2 2016vs Q2 2015$3.69B$3.35B
Equity CapitalQ2 2016vs Q2 2015$722.8MM$667.0MM
Loan Loss AllowanceQ2 2016vs Q2 2015$58.4MM$63.0MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$19.1MM$25.5MM
Real Estate OwnedQ2 2016vs Q2 2015$4.6MM$1.4MM
Rates
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* 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
0.70%*$100k*-IRA Savings
OTHER TIERS: 0.35% → Up to $7,500 | 0.40% → $7,500 - $10k | 0.45% → $10k - $25k | 0.50% → $25k - $50k | 0.55% → $50k - $100k
0.70%*$100k*-Roth IRA Savings
OTHER TIERS: 0.35% → Up to $7,500 | 0.40% → $7,500 - $10k | 0.45% → $10k - $25k | 0.50% → $25k - $50k | 0.55% → $50k - $100k
0.70%*$100k*-CESA Savings
OTHER TIERS: 0.35% → Up to $7,500 | 0.40% → $7,500 - $10k | 0.45% → $10k - $25k | 0.50% → $25k - $50k | 0.55% → $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
0.70%*$100k*-Money Market
OTHER TIERS: 0.35% → Up to $7,500 | 0.40% → $7,500 - $10k | 0.45% → $10k - $25k | 0.50% → $25k - $50k | 0.55% → $50k - $100k
0.25%$25k-Market Maximizer

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%$2,500-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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.10%$1k-60 Month CD w/ Platinum Relationship Rewards
2.10%$100k-60 Month Jumbo CD w/ Platinum Relationship Rewards
1.75%$1k-48 Month CD w/ Platinum Relationship Rewards
1.75%$100k-48 Month Jumbo CD w/ Platinum Relationship Rewards
1.65%$1k-60 Month CD w/ Gold Relationship Rewards
1.65%$100k-60 Month Jumbo CD w/ Gold Relationship Rewards
1.65%$1k-36 Month CD w/ Platinum Relationship Rewards
1.65%$100k-36 Month Jumbo CD w/ Platinum Relationship Rewards
1.40%$1k-24 Month CD w/ Platinum Relationship Rewards
1.40%$100k-24 Month Jumbo CD w/ Platinum Relationship Rewards
1.30%$1k-48 Month CD w/ Gold Relationship Rewards
1.30%$100k-48 Month Jumbo CD w/ Gold Relationship Rewards
1.25%$1k-60 Month CD w/ Silver Relationship Rewards
1.25%$100k-60 Month Jumbo CD w/ Silver Relationship Rewards
1.20%$1k-18 Month CD w/ Platinum Relationship Rewards
1.20%$100k-18 Month Jumbo CD w/ Platinum Relationship Rewards
1.15%$1k-36 Month CD w/ Gold Relationship Rewards
1.15%$100k-36 Month Jumbo CD w/ Gold Relationship Rewards
1.15%$1k-12 Month CD w/ Platinum Relationship Rewards
1.15%$100k-12 Month Jumbo CD w/ Platinum Relationship Rewards
1.10%$1k-60 Month CD
1.10%$100k-60 Month Jumbo CD
0.95%$1k-48 Month CD w/ Silver Relationship Rewards
0.95%$100k-48 Month Jumbo CD w/ Silver Relationship Rewards
0.90%$1k-24 Month CD w/ Gold Relationship Rewards
0.90%$100k-24 Month Jumbo CD w/ Gold Relationship Rewards
0.85%$1k-18 Month CD w/ Gold Relationship Rewards
0.85%$100k-18 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-12 Month CD w/ Gold Relationship Rewards
0.80%$100k-12 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-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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.10%$500-60 Month CESA w/ Platinum Relationship Rewards
2.10%$1k-60 Month IRA w/ Platinum Relationship Rewards
2.10%$100k-60 Month Jumbo IRA w/ Platinum Relationship Rewards
1.75%$500-48 Month CESA w/ Platinum Relationship Rewards
1.75%$1k-48 Month IRA w/ Platinum Relationship Rewards
1.75%$100k-48 Month Jumbo IRA w/ Platinum Relationship Rewards
1.65%$1k-60 Month IRA w/ Gold Relationship Rewards
1.65%$100k-60 Month Jumbo IRA w/ Gold Relationship Rewards
1.65%$500-60 Month CESA w/ Gold Relationship Rewards
1.65%$500-36 Month CESA w/ Platinum Relationship Rewards
1.65%$1k-36 Month IRA w/ Platinum Relationship Rewards
1.65%$100k-36 Month Jumbo IRA w/ Platinum Relationship Rewards
1.40%$500-24 Month CESA w/ Platinum Relationship Rewards
1.40%$1k-24 Month IRA w/ Platinum Relationship Rewards
1.40%$100k-24 Month Jumbo IRA w/ Platinum Relationship Rewards
1.30%$1k-48 Month IRA w/ Gold Relationship Rewards
1.30%$100k-48 Month Jumbo IRA w/ Gold Relationship Rewards
1.30%$500-48 Month CESA w/ Gold Relationship Rewards
1.25%$1k-60 Month IRA w/ Silver Relationship Rewards
1.25%$100k-60 Month Jumbo IRA w/ Silver Relationship Rewards
1.25%$500-60 Month CESA w/ Silver Relationship Rewards
1.20%$500-18 Month CESA w/ Platinum Relationship Rewards
1.20%$1k-18 Month IRA w/ Platinum Relationship Rewards
1.20%$100k-18 Month Jumbo IRA w/ Platinum Relationship Rewards
1.15%$1k-36 Month IRA w/ Gold Relationship Rewards
1.15%$100k-36 Month Jumbo IRA w/ Gold Relationship Rewards
1.15%$500-36 Month CESA w/ Gold Relationship Rewards
1.15%$500-12 Month CESA w/ Platinum Relationship Rewards
1.15%$1k-12 Month IRA w/ Platinum Relationship Rewards
1.15%$100k-12 Month Jumbo IRA w/ Platinum Relationship Rewards
1.10%$1k-60 Month IRA
1.10%$100k-60 Month Jumbo IRA
1.10%$500-60 Month CESA
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%$1k-24 Month IRA w/ Gold Relationship Rewards
0.90%$100k-24 Month Jumbo IRA w/ Gold Relationship Rewards
0.90%$500-24 Month CESA w/ Gold Relationship Rewards
0.85%$1k-18 Month IRA w/ Gold Relationship Rewards
0.85%$100k-18 Month Jumbo IRA w/ Gold Relationship Rewards
0.85%$500-18 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-12 Month IRA w/ Gold Relationship Rewards
0.80%$100k-12 Month Jumbo IRA w/ Gold Relationship Rewards
0.80%$500-12 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-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 15 locations. Click to view all Logix Federal Credit Union locations.