Logix Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.10% | 5-year CD | 60 Month Jumbo CD 2.40% - Goldman Sachs Bank USA 5 Year CD |
| 0.25% | 1-year CD | 12 Month Flex CD |
| 0.25% | Savings | Additional Savings |
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
Membership 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
Logix Federal Credit Union has been solid, dependable and up to date.
My membership with Logix Credit Union began with Lockheed Federal Credit Union. I joined when I lived in the Los Angeles area, near Burbank, which was their main branch and have been a member since the 1990s. They more recently changed their name and have maintained their tradition of great customer service and making members feel valued. They offer full services, are customer oriented and going into the branch or on the phone are good at making me feel like a valued member.
I now live in Arizona and bank online and by phone. Either way their service has been great. They process requests quickly, in a friendly manner and give accurate information. I have checking, a debit card and savings accounts with them and have had no issues or problems. They have been rock solid and always there when I have needed them.
The Best Credit Union
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.
Excellent credit union!!!
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!
Great Products
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.
Excellent Credit Union-Why pay the fees?
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.
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
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.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 1999 |
| Year Chartered | 1937 |
| Employees | 616 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.36% |
| Return on Equity - YTD | 8.57% |
| Annual Interest Income | $96.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $5.11B$4.66B |
| Loans | Q2 2017vs Q2 2016 | $4.49B$3.94B |
| Deposits | Q2 2017vs Q2 2016 | $4.09B$3.69B |
| Equity Capital | Q2 2017vs Q2 2016 | $792.1MM$722.8MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $53.4MM$58.4MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $21.9MM$19.1MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $567.00K$4.6MM |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $1k | - | 60 Month CD w/ Platinum Relationship Rewards | |
| 2.00% | $100k | - | 60 Month Jumbo CD w/ Platinum Relationship Rewards | |
| 1.70% | $1k | - | 48 Month CD w/ Platinum Relationship Rewards | |
| 1.70% | $100k | - | 48 Month Jumbo CD w/ Platinum Relationship Rewards | |
| 1.60% | $1k | - | 36 Month CD w/ Platinum Relationship Rewards | |
| 1.60% | $100k | - | 36 Month Jumbo CD w/ Platinum Relationship Rewards | |
| 1.50% | $1k | - | 60 Month CD w/ Gold Relationship Rewards | |
| 1.50% | $100k | - | 60 Month Jumbo CD w/ Gold Relationship Rewards | |
| 1.45% | $1k | - | 24 Month CD w/ Platinum Relationship Rewards | |
| 1.45% | $100k | - | 24 Month Jumbo CD w/ Platinum Relationship Rewards | |
| 1.30% | $1k | - | 18 Month CD w/ Platinum Relationship Rewards | |
| 1.30% | $100k | - | 18 Month Jumbo CD w/ Platinum Relationship Rewards | |
| 1.25% | $1k | - | 48 Month CD w/ Gold Relationship Rewards | |
| 1.25% | $100k | - | 48 Month Jumbo CD w/ Gold Relationship Rewards | |
| 1.25% | $1k | - | 12 Month CD w/ Platinum Relationship Rewards | |
| 1.25% | $100k | - | 12 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 | |
| 1.10% | $1k | - | 60 Month CD | |
| 1.10% | $1k | - | 60 Month CD w/ Silver Relationship Rewards | |
| 1.10% | $100k | - | 60 Month Jumbo CD | |
| 1.10% | $100k | - | 60 Month Jumbo CD w/ Silver Relationship Rewards | |
| 1.05% | $1k | - | 24 Month CD w/ Gold Relationship Rewards | |
| 1.05% | $100k | - | 24 Month Jumbo CD w/ Gold Relationship Rewards | |
| 0.95% | $1k | - | 18 Month CD w/ Gold Relationship Rewards | |
| 0.95% | $100k | - | 18 Month Jumbo CD w/ Gold Relationship Rewards | |
| 0.95% | $1k | - | 6 Month CD w/ Platinum Relationship Rewards | |
| 0.95% | $100k | - | 6 Month Jumbo CD w/ Platinum Relationship Rewards | |
| 0.90% | $1k | - | 12 Month CD w/ Gold Relationship Rewards | |
| 0.90% | $100k | - | 12 Month Jumbo CD w/ Gold Relationship Rewards | |
| 0.90% | $1k | - | 48 Month CD w/ Silver Relationship Rewards | |
| 0.90% | $100k | - | 48 Month Jumbo CD w/ Silver Relationship Rewards | |
| 0.85% | $1k | - | 91 Day CD w/ Platinum Relationship Rewards | |
| 0.85% | $100k | - | 91 Day Jumbo CD w/ Platinum Relationship Rewards | |
| 0.85% | $5k | $100k | 12 Month Bump Rate CD w/ Platinum Relationship Rewards | |
| 0.80% | $1k | - | 12 Month Flex CD w/ Platinum Relationship Rewards | |
| 0.80% | $1k | - | 36 Month CD w/ Silver Relationship Rewards | |
| 0.80% | $100k | - | 36 Month Jumbo CD w/ Silver Relationship Rewards | |
| 0.75% | $1k | - | 6 Month CD w/ Gold Relationship Rewards | |
| 0.75% | $100k | - | 6 Month Jumbo CD w/ Gold Relationship Rewards | |
| 0.70% | $1k | - | 48 Month CD | |
| 0.70% | $100k | - | 48 Month Jumbo CD | |
| 0.65% | $1k | - | 91 Day CD w/ Gold Relationship Rewards | |
| 0.65% | $5k | $100k | 12 Month Bump Rate CD w/ Gold Relationship Rewards | |
| 0.65% | $100k | - | 91 Day 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 | - | 12 Month Flex 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 | |
| 0.60% | $1k | - | 36 Month CD | |
| 0.60% | $100k | - | 36 Month Jumbo CD | |
| 0.55% | $1k | - | 12 Month CD w/ Silver Relationship Rewards | |
| 0.55% | $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% | $5k | $100k | 12 Month Bump Rate 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% | $100k | - | 6 Month Jumbo CD w/ Silver Relationship Rewards | |
| 0.40% | $1k | - | 12 Month CD | |
| 0.40% | $1k | - | 12 Month Flex CD w/ Silver Relationship Rewards | |
| 0.40% | $100k | - | 12 Month Jumbo CD | |
| 0.30% | $1k | - | 6 Month CD | |
| 0.30% | $100k | - | 6 Month Jumbo CD | |
| 0.30% | $5k | $100k | 12 Month Bump Rate CD | |
| 0.25% | $1k | - | 91 Day CD | |
| 0.25% | $100k | - | 91 Day Jumbo CD | |
| 0.25% | $1k | - | 12 Month Flex CD |
Logix Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $500 | - | 60 Month CESA w/ Platinum Relationship Rewards | |
| 2.00% | $1k | - | 60 Month IRA w/ Platinum Relationship Rewards | |
| 2.00% | $100k | - | 60 Month Jumbo IRA w/ Platinum Relationship Rewards | |
| 1.70% | $500 | - | 48 Month CESA w/ Platinum Relationship Rewards | |
| 1.70% | $1k | - | 48 Month IRA w/ Platinum Relationship Rewards | |
| 1.70% | $100k | - | 48 Month Jumbo IRA w/ Platinum Relationship Rewards | |
| 1.60% | $500 | - | 36 Month CESA w/ Platinum Relationship Rewards | |
| 1.60% | $1k | - | 36 Month IRA w/ Platinum Relationship Rewards | |
| 1.60% | $100k | - | 36 Month Jumbo IRA w/ Platinum Relationship Rewards | |
| 1.50% | $1k | - | 60 Month IRA w/ Gold Relationship Rewards | |
| 1.50% | $100k | - | 60 Month Jumbo IRA w/ Gold Relationship Rewards | |
| 1.50% | $500 | - | 60 Month CESA w/ Gold Relationship Rewards | |
| 1.45% | $500 | - | 24 Month CESA w/ Platinum Relationship Rewards | |
| 1.45% | $1k | - | 24 Month IRA w/ Platinum Relationship Rewards | |
| 1.45% | $100k | - | 24 Month Jumbo IRA w/ Platinum Relationship Rewards | |
| 1.30% | $500 | - | 18 Month CESA w/ Platinum Relationship Rewards | |
| 1.30% | $1k | - | 18 Month IRA w/ Platinum Relationship Rewards | |
| 1.30% | $100k | - | 18 Month Jumbo IRA w/ Platinum Relationship Rewards | |
| 1.25% | $1k | - | 48 Month IRA w/ Gold Relationship Rewards | |
| 1.25% | $100k | - | 48 Month Jumbo IRA w/ Gold Relationship Rewards | |
| 1.25% | $500 | - | 48 Month CESA w/ Gold Relationship Rewards | |
| 1.25% | $500 | - | 12 Month CESA w/ Platinum Relationship Rewards | |
| 1.25% | $1k | - | 12 Month IRA w/ Platinum Relationship Rewards | |
| 1.25% | $100k | - | 12 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 | |
| 1.10% | $1k | - | 60 Month IRA | |
| 1.10% | $1k | - | 60 Month IRA w/ Silver Relationship Rewards | |
| 1.10% | $100k | - | 60 Month Jumbo IRA | |
| 1.10% | $100k | - | 60 Month Jumbo IRA w/ Silver Relationship Rewards | |
| 1.10% | $500 | - | 60 Month CESA | |
| 1.10% | $500 | - | 60 Month CESA w/ Silver Relationship Rewards | |
| 1.05% | $1k | - | 24 Month IRA w/ Gold Relationship Rewards | |
| 1.05% | $100k | - | 24 Month Jumbo IRA w/ Gold Relationship Rewards | |
| 1.05% | $500 | - | 24 Month CESA w/ Gold Relationship Rewards | |
| 0.95% | $1k | - | 18 Month IRA w/ Gold Relationship Rewards | |
| 0.95% | $100k | - | 18 Month Jumbo IRA w/ Gold Relationship Rewards | |
| 0.95% | $500 | - | 18 Month CESA w/ Gold Relationship Rewards | |
| 0.95% | $500 | - | 6 Month CESA w/ Platinum Relationship Rewards | |
| 0.95% | $1k | - | 6 Month IRA w/ Platinum Relationship Rewards | |
| 0.95% | $100k | - | 6 Month Jumbo IRA w/ Platinum Relationship Rewards | |
| 0.90% | $1k | - | 12 Month IRA w/ Gold Relationship Rewards | |
| 0.90% | $100k | - | 12 Month Jumbo IRA w/ Gold Relationship Rewards | |
| 0.90% | $500 | - | 12 Month CESA w/ Gold Relationship Rewards | |
| 0.90% | $1k | - | 48 Month IRA w/ Silver Relationship Rewards | |
| 0.90% | $100k | - | 48 Month Jumbo IRA w/ Silver Relationship Rewards | |
| 0.90% | $500 | - | 48 Month CESA w/ Silver Relationship Rewards | |
| 0.85% | $500 | - | 91 Day CESA w/ Platinum Relationship Rewards | |
| 0.85% | $1k | - | 91 Day IRA w/ Platinum Relationship Rewards | |
| 0.85% | $100k | - | 91 Day Jumbo IRA w/ Platinum Relationship Rewards | |
| 0.80% | $1k | - | 36 Month IRA w/ Silver Relationship Rewards | |
| 0.80% | $100k | - | 36 Month Jumbo IRA w/ Silver Relationship Rewards | |
| 0.80% | $500 | - | 36 Month CESA w/ Silver Relationship Rewards | |
| 0.75% | $1k | - | 6 Month IRA w/ Gold Relationship Rewards | |
| 0.75% | $100k | - | 6 Month Jumbo IRA w/ Gold Relationship Rewards | |
| 0.75% | $500 | - | 6 Month CESA w/ Gold Relationship Rewards | |
| 0.70% | $1k | - | 48 Month IRA | |
| 0.70% | $100k | - | 48 Month Jumbo IRA | |
| 0.70% | $500 | - | 48 Month CESA | |
| 0.65% | $1k | - | 91 Day IRA w/ Gold Relationship Rewards | |
| 0.65% | $100k | - | 91 Day Jumbo IRA w/ Gold Relationship Rewards | |
| 0.65% | $500 | - | 91 Day 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 | - | 18 Month IRA w/ Silver Relationship Rewards | |
| 0.60% | $1k | - | 36 Month IRA | |
| 0.60% | $100k | - | 18 Month Jumbo IRA w/ Silver Relationship Rewards | |
| 0.60% | $100k | - | 36 Month Jumbo IRA | |
| 0.60% | $500 | - | 18 Month CESA w/ Silver Relationship Rewards | |
| 0.60% | $500 | - | 36 Month CESA | |
| 0.55% | $1k | - | 12 Month IRA w/ Silver Relationship Rewards | |
| 0.55% | $100k | - | 12 Month Jumbo IRA w/ Silver Relationship Rewards | |
| 0.55% | $500 | - | 12 Month CESA w/ Silver Relationship Rewards | |
| 0.50% | $1k | - | 24 Month IRA | |
| 0.50% | $100k | - | 24 Month Jumbo IRA | |
| 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 | - | 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% | $1k | - | 12 Month IRA | |
| 0.40% | $100k | - | 91 Day Jumbo IRA w/ Silver Relationship Rewards | |
| 0.40% | $100k | - | 6 Month Jumbo IRA w/ Silver Relationship Rewards | |
| 0.40% | $100k | - | 12 Month Jumbo IRA | |
| 0.40% | $500 | - | 91 Day CESA w/ Silver Relationship Rewards | |
| 0.40% | $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 |
