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Logix Federal Credit Union


Overview / Commentary
www.logixbanking.com
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

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Reviews (34)

20 Years No Problems

Posted by: |

They called when I started using a VPN to see if it was really me. Most people wouldn't know what a VPN was. Top notch tech support.

1

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.

2

Top Notch Credit Union

Posted by: |

This credit union is one of the best decisions I have ever made in my life. I have never looked back after leaving Chase and Wells Fargo. Their customer service is great. And although, the closest bank is about 20 minutes from me, I almost never make the drive because every thing is available over the phone or at other near by Co-Op Credit Unions.

2

Customer Service / System

Posted by: |

I have been a customer since 2010 with Lockheed Federal Credit Union. It was great..people, system, etc.. My original home loan and the first refi have been with them. I did a second refi with them and it wasn't as smooth as the first refi. A few time I was told system glitches where the monthly payment didn't do what it was supposed to do. It was disappointing. Secondly I have trouble with their messages box. Hard to tell whether the message has been read. I sort of stop reading the messages because it was taking too long to open.

1
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Health
A+

Data as of Q2 2021

Learn why bank health matters

Health Grade Components

Overall
NCUA #1999
Year Chartered1937
Employees775
Primary Regulator
Profit Margin
Return on Assets - YTD1.22%
Return on Equity - YTD8.9%
Annual Interest Income$104.1MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$8.28B$7.19B
LoansQ2 2021vs Q2 2020$5.04B$5.48B
DepositsQ2 2021vs Q2 2020$7.04B$5.83B
Equity CapitalQ2 2021vs Q2 2020$1.12B$1.02B
Loan Loss AllowanceQ2 2021vs Q2 2020$72.0MM$68.9MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$19.0MM$22.3MM
Real Estate OwnedQ2 2021vs Q2 2020$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
0.50%*$100k*-IRA Savings
OTHER TIERS: 0.30% → Up to $7.5k | 0.35% → $7.5k - $10k | 0.40% → $10k - $25k | 0.45% → $25k - $100k
0.25%--Main Savings
0.25%--Additional Savings
0.25%--Holiday Club Savings
0.25%--Vacation Club Savings
0.15%--Business Main Savings
0.15%--Business Additional Savings

Logix Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$100k*-Money Market
OTHER TIERS: 0.30% → Up to $7.5k | 0.35% → $7.5k - $10k | 0.40% → $10k - $25k | 0.45% → $25k - $100k
0.40%*$100k*-Business Money Market
OTHER TIERS: 0.10% → Up to $7.5k | 0.15% → $7.5k - $10k | 0.20% → $10k - $25k | 0.25% → $25k - $100k

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
1.15%$100k-60 Month Jumbo CD w/ Platinum Relationship Rewards
1.05%$100k-48 Month Jumbo CD w/ Platinum Relationship Rewards
1.05%$1k-60 Month CD w/ Platinum Relationship Rewards
1.00%$100k-60 Month Jumbo CD w/ Gold Relationship Rewards
0.95%$100k-36 Month Jumbo CD w/ Platinum Relationship Rewards
0.95%$1k-48 Month CD w/ Platinum Relationship Rewards
0.90%$1k-60 Month CD w/ Gold Relationship Rewards
0.90%$100k-48 Month Jumbo CD w/ Gold Relationship Rewards
0.90%$100k-24 Month Jumbo CD w/ Platinum Relationship Rewards
0.85%$100k-18 Month Jumbo CD w/ Platinum Relationship Rewards
0.85%$1k-36 Month CD w/ Platinum Relationship Rewards
0.85%$100k-60 Month Jumbo CD w/ Silver Relationship Rewards
0.80%$1k-48 Month CD w/ Gold Relationship Rewards
0.80%$100k-36 Month Jumbo CD w/ Gold Relationship Rewards
0.80%$1k-24 Month CD w/ Platinum Relationship Rewards
0.80%$100k-48 Month Jumbo CD w/ Silver Relationship Rewards
0.75%$100k-24 Month Jumbo CD w/ Gold Relationship Rewards
0.75%$100k-12 Month Jumbo CD w/ Platinum Relationship Rewards
0.75%$1k-18 Month CD w/ Platinum Relationship Rewards
0.75%$1k-60 Month CD w/ Silver Relationship Rewards
0.75%$100k-60 Month Jumbo CD
0.70%$1k-36 Month CD w/ Gold Relationship Rewards
0.70%$100k-18 Month Jumbo CD w/ Gold Relationship Rewards
0.70%$100k-36 Month Jumbo CD w/ Silver Relationship Rewards
0.70%$1k-48 Month CD w/ Silver Relationship Rewards
0.70%$100k-48 Month Jumbo CD
0.65%$1k-24 Month CD w/ Gold Relationship Rewards
0.65%$1k-12 Month CD w/ Platinum Relationship Rewards
0.65%$100k-24 Month Jumbo CD w/ Silver Relationship Rewards
0.65%$1k-60 Month CD
0.60%$1k-18 Month CD w/ Gold Relationship Rewards
0.60%$100k-12 Month Jumbo CD w/ Gold Relationship Rewards
0.60%$100k-6 Month Jumbo CD w/ Platinum Relationship Rewards
0.60%$100k-18 Month Jumbo CD w/ Silver Relationship Rewards
0.60%$1k-36 Month CD w/ Silver Relationship Rewards
0.60%$100k-36 Month Jumbo CD
0.60%$1k-48 Month CD
0.55%$5k-12 Month Bump CD w/ Platinum Relationship Rewards
0.55%$1k-24 Month CD w/ Silver Relationship Rewards
0.55%$100k-24 Month Jumbo CD
0.50%$1k-12 Month CD w/ Gold Relationship Rewards
0.50%$100k-91 Day Jumbo CD w/ Platinum Relationship Rewards
0.50%$1k-6 Month CD w/ Platinum Relationship Rewards
0.50%$1k-12 Month Flex CD w/ Platinum Relationship Rewards
0.50%$100k-12 Month Jumbo CD w/ Silver Relationship Rewards
0.50%$1k-18 Month CD w/ Silver Relationship Rewards
0.50%$100k-18 Month Jumbo CD
0.50%$1k-36 Month CD
0.45%$100k-6 Month Jumbo CD w/ Gold Relationship Rewards
0.45%$1k-24 Month CD
0.40%$5k-12 Month Bump CD w/ Gold Relationship Rewards
0.40%$1k-91 Day CD w/ Platinum Relationship Rewards
0.40%$1k-12 Month CD w/ Silver Relationship Rewards
0.40%$100k-12 Month Jumbo CD
0.40%$1k-18 Month CD
0.35%$1k-6 Month CD w/ Gold Relationship Rewards
0.35%$1k-12 Month Flex CD w/ Gold Relationship Rewards
0.35%$100k-91 Day Jumbo CD w/ Gold Relationship Rewards
0.35%$100k-6 Month Jumbo CD w/ Silver Relationship Rewards
0.30%$5k-12 Month Bump CD w/ Silver Relationship Rewards
0.30%$1k-12 Month CD
0.25%$1k-91 Day CD w/ Gold Relationship Rewards
0.25%$100k-91 Day Jumbo CD
0.25%$100k-91 Day Jumbo CD w/ Silver Relationship Rewards
0.25%$1k-6 Month CD w/ Silver Relationship Rewards
0.25%$100k-6 Month Jumbo CD
0.25%$1k-12 Month Flex CD w/ Silver Relationship Rewards
0.20%$5k-12 Month Bump CD
0.15%$1k-91 Day CD
0.15%$1k-91 Day CD w/ Silver Relationship Rewards
0.15%$1k-6 Month CD
0.15%$1k-12 Month Flex CD

Logix Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%$100k-60 Month Jumbo IRA w/ Platinum Relationship Rewards
1.05%$500-60 Month CESA w/ Platinum Relationship Rewards
1.05%$1k-60 Month IRA w/ Platinum Relationship Rewards
1.05%$100k-48 Month Jumbo IRA w/ Platinum Relationship Rewards
1.00%$100k-60 Month Jumbo IRA w/ Gold Relationship Rewards
0.95%$500-48 Month CESA w/ Platinum Relationship Rewards
0.95%$1k-48 Month IRA w/ Platinum Relationship Rewards
0.95%$100k-36 Month Jumbo IRA w/ Platinum Relationship Rewards
0.90%$100k-48 Month Jumbo IRA w/ Gold Relationship Rewards
0.90%$1k-60 Month IRA w/ Gold Relationship Rewards
0.90%$500-60 Month CESA w/ Gold Relationship Rewards
0.90%$100k-24 Month Jumbo IRA w/ Platinum Relationship Rewards
0.85%$500-36 Month CESA w/ Platinum Relationship Rewards
0.85%$1k-36 Month IRA w/ Platinum Relationship Rewards
0.85%$100k-18 Month Jumbo IRA w/ Platinum Relationship Rewards
0.85%$100k-60 Month Jumbo IRA w/ Silver Relationship Rewards
0.80%$100k-36 Month Jumbo IRA w/ Gold Relationship Rewards
0.80%$1k-48 Month IRA w/ Gold Relationship Rewards
0.80%$500-48 Month CESA w/ Gold Relationship Rewards
0.80%$500-24 Month CESA w/ Platinum Relationship Rewards
0.80%$1k-24 Month IRA w/ Platinum Relationship Rewards
0.80%$100k-48 Month Jumbo IRA w/ Silver Relationship Rewards
0.75%$100k-24 Month Jumbo IRA w/ Gold Relationship Rewards
0.75%$500-18 Month CESA w/ Platinum Relationship Rewards
0.75%$1k-18 Month IRA w/ Platinum Relationship Rewards
0.75%$1k-60 Month IRA w/ Silver Relationship Rewards
0.75%$100k-12 Month Jumbo IRA w/ Platinum Relationship Rewards
0.75%$100k-60 Month Jumbo IRA
0.75%$500-60 Month CESA w/ Silver Relationship Rewards
0.70%$100k-18 Month Jumbo IRA w/ Gold Relationship Rewards
0.70%$1k-36 Month IRA w/ Gold Relationship Rewards
0.70%$500-36 Month CESA w/ Gold Relationship Rewards
0.70%$1k-48 Month IRA w/ Silver Relationship Rewards
0.70%$100k-36 Month Jumbo IRA w/ Silver Relationship Rewards
0.70%$100k-48 Month Jumbo IRA
0.70%$500-48 Month CESA w/ Silver Relationship Rewards
0.65%$1k-24 Month IRA w/ Gold Relationship Rewards
0.65%$500-24 Month CESA w/ Gold Relationship Rewards
0.65%$500-12 Month CESA w/ Platinum Relationship Rewards
0.65%$1k-12 Month IRA w/ Platinum Relationship Rewards
0.65%$1k-60 Month IRA
0.65%$100k-24 Month Jumbo IRA w/ Silver Relationship Rewards
0.65%$500-60 Month CESA
0.60%$100k-12 Month Jumbo IRA w/ Gold Relationship Rewards
0.60%$1k-18 Month IRA w/ Gold Relationship Rewards
0.60%$500-18 Month CESA w/ Gold Relationship Rewards
0.60%$1k-36 Month IRA w/ Silver Relationship Rewards
0.60%$1k-48 Month IRA
0.60%$100k-6 Month Jumbo IRA w/ Platinum Relationship Rewards
0.60%$100k-18 Month Jumbo IRA w/ Silver Relationship Rewards
0.60%$100k-36 Month Jumbo IRA
0.60%$500-36 Month CESA w/ Silver Relationship Rewards
0.60%$500-48 Month CESA
0.55%$1k-24 Month IRA w/ Silver Relationship Rewards
0.55%$100k-24 Month Jumbo IRA
0.55%$500-24 Month CESA w/ Silver Relationship Rewards
0.50%$1k-12 Month IRA w/ Gold Relationship Rewards
0.50%$500-12 Month CESA w/ Gold Relationship Rewards
0.50%$500-6 Month CESA w/ Platinum Relationship Rewards
0.50%$1k-6 Month IRA w/ Platinum Relationship Rewards
0.50%$1k-18 Month IRA w/ Silver Relationship Rewards
0.50%$1k-36 Month IRA
0.50%$100k-91 Day Jumbo IRA w/ Platinum Relationship Rewards
0.50%$100k-12 Month Jumbo IRA w/ Silver Relationship Rewards
0.50%$100k-18 Month Jumbo IRA
0.50%$500-18 Month CESA w/ Silver Relationship Rewards
0.50%$500-36 Month CESA
0.45%$100k-6 Month Jumbo IRA w/ Gold Relationship Rewards
0.45%$1k-24 Month IRA
0.45%$500-24 Month CESA
0.40%$500-91 Day CESA w/ Platinum Relationship Rewards
0.40%$1k-91 Day IRA w/ Platinum Relationship Rewards
0.40%$1k-12 Month IRA w/ Silver Relationship Rewards
0.40%$1k-18 Month IRA
0.40%$100k-12 Month Jumbo IRA
0.40%$500-12 Month CESA w/ Silver Relationship Rewards
0.40%$500-18 Month CESA
0.35%$100k-91 Day Jumbo IRA w/ Gold Relationship Rewards
0.35%$1k-6 Month IRA w/ Gold Relationship Rewards
0.35%$500-6 Month CESA w/ Gold Relationship Rewards
0.35%$100k-6 Month Jumbo IRA w/ Silver Relationship Rewards
0.30%$1k-12 Month IRA
0.30%$500-12 Month CESA
0.25%$1k-91 Day IRA w/ Gold Relationship Rewards
0.25%$500-91 Day CESA w/ Gold Relationship Rewards
0.25%$1k-6 Month IRA w/ Silver Relationship Rewards
0.25%$100k-91 Day Jumbo IRA
0.25%$100k-91 Day Jumbo IRA w/ Silver Relationship Rewards
0.25%$100k-6 Month Jumbo IRA
0.25%$500-6 Month CESA w/ Silver Relationship Rewards
0.15%$1k-91 Day IRA
0.15%$1k-91 Day IRA w/ Silver Relationship Rewards
0.15%$1k-6 Month IRA
0.15%$500-91 Day CESA
0.15%$500-91 Day CESA w/ Silver Relationship Rewards
0.15%$500-6 Month CESA
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