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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Logix Federal Credit Union has been solid, dependable and up to date.

Posted by: kiatorres | Aug 26, 2017

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.

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.

Times Have Changed

Posted by: Mikey1 | Apr 9, 2018

LOGIX is not the same bank as in the past. Besides anemic savings and CD rates they discontinued their annual loyalty dividend, claiming that building new comfortable corporate offices better served its members. But even worse is the new policy of charging a $5 monthly fee for customers who do not maintain an aggregate balance of $1,000 at all times. LOGIX has now adopted the personality of the “big boys”. From 5 stars to none, have to give the lowest available, one.

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Health
A+

Health Grade Components

Overall
NCUA #1999
Year Chartered1937
Employees635
Primary Regulator
Profit Margin
Return on Assets - YTD1.47%
Return on Equity - YTD9.56%
Annual Interest Income$106.6MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$5.77B$5.11B
LoansQ2 2018vs Q2 2017$5.16B$4.49B
DepositsQ2 2018vs Q2 2017$4.26B$4.09B
Equity CapitalQ2 2018vs Q2 2017$870.7MM$792.1MM
Loan Loss AllowanceQ2 2018vs Q2 2017$56.8MM$53.4MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$20.8MM$21.9MM
Real Estate OwnedQ2 2018vs Q2 2017$0$567.00K
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
1.75%*$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%--Club Savings

Logix Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%*$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

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
3.00%$100k-60 Month Jumbo CD w/ Platinum Relationship Rewards
2.75%$1k-60 Month CD w/ Platinum Relationship Rewards
2.70%$100k-48 Month Jumbo CD w/ Platinum Relationship Rewards
2.65%$100k-36 Month Jumbo CD w/ Platinum Relationship Rewards
2.60%$1k-48 Month CD w/ Platinum Relationship Rewards
2.55%$1k-36 Month CD w/ Platinum Relationship Rewards
2.50%$2.5k-27 Month Bump CD Special w/ Gold Relationship Rewards
2.50%$2.5k-27 Month Bump CD Special w/ Platinum Relationship Rewards
2.50%$2.5k-27 Month Bump CD Special w/ Silver Relationship Rewards
2.50%$2.5k-27 Month Bump CD Special
2.45%$100k-24 Month Jumbo CD w/ Platinum Relationship Rewards
2.35%$100k-60 Month Jumbo CD w/ Gold Relationship Rewards
2.35%$1k-24 Month CD w/ Platinum Relationship Rewards
2.30%$100k-18 Month Jumbo CD w/ Platinum Relationship Rewards
2.25%$1k-60 Month CD w/ Gold Relationship Rewards
2.25%$100k-48 Month Jumbo CD w/ Gold Relationship Rewards
2.25%$2.5k-13 Month CD Promo
2.25%$2.5k-13 Month CD Promo w/ Silver Relationship Rewards
2.25%$2.5k-13 Month CD Promo w/ Gold Relationship Rewards
2.25%$2.5k-13 Month CD Promo w/ Platinum Relationship Rewards
2.20%$100k-36 Month Jumbo CD w/ Gold Relationship Rewards
2.20%$100k-12 Month Jumbo CD w/ Platinum Relationship Rewards
2.20%$1k-18 Month CD w/ Platinum Relationship Rewards
2.15%$1k-48 Month CD w/ Gold Relationship Rewards
2.10%$1k-36 Month CD w/ Gold Relationship Rewards
2.10%$100k-24 Month Jumbo CD w/ Gold Relationship Rewards
2.10%$100k-6 Month Jumbo CD w/ Platinum Relationship Rewards
2.10%$1k-12 Month CD w/ Platinum Relationship Rewards
2.00%$1k-24 Month CD w/ Gold Relationship Rewards
2.00%$1k-6 Month CD w/ Platinum Relationship Rewards
2.00%$5k-12 Month Bump CD w/ Platinum Relationship Rewards
2.00%$100k-60 Month Jumbo CD w/ Silver Relationship Rewards
1.95%$100k-18 Month Jumbo CD w/ Gold Relationship Rewards
1.95%$1k-12 Month Flex CD w/ Platinum Relationship Rewards
1.95%$100k-60 Month Jumbo CD
1.90%$1k-60 Month CD w/ Silver Relationship Rewards
1.85%$1k-18 Month CD w/ Gold Relationship Rewards
1.85%$1k-60 Month CD
1.80%$100k-12 Month Jumbo CD w/ Gold Relationship Rewards
1.80%$100k-48 Month Jumbo CD w/ Silver Relationship Rewards
1.75%$100k-36 Month Jumbo CD w/ Silver Relationship Rewards
1.70%$1k-12 Month CD w/ Gold Relationship Rewards
1.70%$100k-6 Month Jumbo CD w/ Gold Relationship Rewards
1.70%$1k-48 Month CD w/ Silver Relationship Rewards
1.65%$1k-36 Month CD w/ Silver Relationship Rewards
1.60%$1k-6 Month CD w/ Gold Relationship Rewards
1.60%$5k-12 Month Bump CD w/ Gold Relationship Rewards
1.60%$100k-24 Month Jumbo CD w/ Silver Relationship Rewards
1.60%$100k-48 Month Jumbo CD
1.55%$1k-12 Month Flex CD w/ Gold Relationship Rewards
1.55%$100k-36 Month Jumbo CD
1.50%$100k-18 Month Jumbo CD w/ Silver Relationship Rewards
1.50%$1k-24 Month CD w/ Silver Relationship Rewards
1.50%$1k-48 Month CD
1.45%$1k-36 Month CD
1.40%$100k-12 Month Jumbo CD w/ Silver Relationship Rewards
1.40%$1k-18 Month CD w/ Silver Relationship Rewards
1.35%$100k-24 Month Jumbo CD
1.30%$1k-12 Month CD w/ Silver Relationship Rewards
1.25%$100k-18 Month Jumbo CD
1.25%$1k-24 Month CD
1.20%$100k-91 Day Jumbo CD w/ Platinum Relationship Rewards
1.20%$100k-6 Month Jumbo CD w/ Silver Relationship Rewards
1.20%$5k-12 Month Bump CD w/ Silver Relationship Rewards
1.20%$100k-12 Month Jumbo CD
1.15%$1k-12 Month Flex CD w/ Silver Relationship Rewards
1.15%$1k-18 Month CD
1.10%$1k-91 Day CD w/ Platinum Relationship Rewards
1.10%$1k-6 Month CD w/ Silver Relationship Rewards
1.10%$1k-12 Month CD
1.05%$100k-91 Day Jumbo CD w/ Gold Relationship Rewards
1.00%$5k-12 Month Bump CD
0.95%$1k-91 Day CD w/ Gold Relationship Rewards
0.95%$1k-12 Month Flex CD
0.90%$100k-6 Month Jumbo CD
0.80%$100k-91 Day Jumbo CD w/ Silver Relationship Rewards
0.80%$1k-6 Month CD
0.70%$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
3.00%$100k-60 Month Jumbo IRA w/ Platinum Relationship Rewards
2.75%$500-60 Month CESA w/ Platinum Relationship Rewards
2.75%$1k-60 Month IRA w/ Platinum Relationship Rewards
2.70%$100k-48 Month Jumbo IRA w/ Platinum Relationship Rewards
2.65%$100k-36 Month Jumbo IRA w/ Platinum Relationship Rewards
2.60%$500-48 Month CESA w/ Platinum Relationship Rewards
2.60%$1k-48 Month IRA w/ Platinum Relationship Rewards
2.55%$500-36 Month CESA w/ Platinum Relationship Rewards
2.55%$1k-36 Month IRA w/ Platinum Relationship Rewards
2.45%$100k-24 Month Jumbo IRA w/ Platinum Relationship Rewards
2.35%$100k-60 Month Jumbo IRA w/ Gold Relationship Rewards
2.35%$500-24 Month CESA w/ Platinum Relationship Rewards
2.35%$1k-24 Month IRA w/ Platinum Relationship Rewards
2.30%$100k-18 Month Jumbo IRA w/ Platinum Relationship Rewards
2.25%$100k-48 Month Jumbo IRA w/ Gold Relationship Rewards
2.25%$1k-60 Month IRA w/ Gold Relationship Rewards
2.25%$500-60 Month CESA w/ Gold Relationship Rewards
2.20%$100k-36 Month Jumbo IRA w/ Gold Relationship Rewards
2.20%$500-18 Month CESA w/ Platinum Relationship Rewards
2.20%$1k-18 Month IRA w/ Platinum Relationship Rewards
2.20%$100k-12 Month Jumbo IRA w/ Platinum Relationship Rewards
2.15%$1k-48 Month IRA w/ Gold Relationship Rewards
2.15%$500-48 Month CESA w/ Gold Relationship Rewards
2.10%$100k-24 Month Jumbo IRA w/ Gold Relationship Rewards
2.10%$1k-36 Month IRA w/ Gold Relationship Rewards
2.10%$500-36 Month CESA w/ Gold Relationship Rewards
2.10%$500-12 Month CESA w/ Platinum Relationship Rewards
2.10%$1k-12 Month IRA w/ Platinum Relationship Rewards
2.10%$100k-6 Month Jumbo IRA w/ Platinum Relationship Rewards
2.00%$1k-24 Month IRA w/ Gold Relationship Rewards
2.00%$500-24 Month CESA w/ Gold Relationship Rewards
2.00%$500-6 Month CESA w/ Platinum Relationship Rewards
2.00%$1k-6 Month IRA w/ Platinum Relationship Rewards
2.00%$100k-60 Month Jumbo IRA w/ Silver Relationship Rewards
1.95%$100k-18 Month Jumbo IRA w/ Gold Relationship Rewards
1.95%$100k-60 Month Jumbo IRA
1.90%$1k-60 Month IRA w/ Silver Relationship Rewards
1.90%$500-60 Month CESA w/ Silver Relationship Rewards
1.85%$1k-18 Month IRA w/ Gold Relationship Rewards
1.85%$500-18 Month CESA w/ Gold Relationship Rewards
1.85%$1k-60 Month IRA
1.85%$500-60 Month CESA
1.80%$100k-12 Month Jumbo IRA w/ Gold Relationship Rewards
1.80%$100k-48 Month Jumbo IRA w/ Silver Relationship Rewards
1.75%$100k-36 Month Jumbo IRA w/ Silver Relationship Rewards
1.70%$100k-6 Month Jumbo IRA w/ Gold Relationship Rewards
1.70%$1k-12 Month IRA w/ Gold Relationship Rewards
1.70%$500-12 Month CESA w/ Gold Relationship Rewards
1.70%$1k-48 Month IRA w/ Silver Relationship Rewards
1.70%$500-48 Month CESA w/ Silver Relationship Rewards
1.65%$1k-36 Month IRA w/ Silver Relationship Rewards
1.65%$500-36 Month CESA w/ Silver Relationship Rewards
1.60%$1k-6 Month IRA w/ Gold Relationship Rewards
1.60%$500-6 Month CESA w/ Gold Relationship Rewards
1.60%$100k-24 Month Jumbo IRA w/ Silver Relationship Rewards
1.60%$100k-48 Month Jumbo IRA
1.55%$100k-36 Month Jumbo IRA
1.50%$1k-24 Month IRA w/ Silver Relationship Rewards
1.50%$1k-48 Month IRA
1.50%$100k-18 Month Jumbo IRA w/ Silver Relationship Rewards
1.50%$500-24 Month CESA w/ Silver Relationship Rewards
1.50%$500-48 Month CESA
1.45%$1k-36 Month IRA
1.45%$500-36 Month CESA
1.40%$1k-18 Month IRA w/ Silver Relationship Rewards
1.40%$100k-12 Month Jumbo IRA w/ Silver Relationship Rewards
1.40%$500-18 Month CESA w/ Silver Relationship Rewards
1.35%$100k-24 Month Jumbo IRA
1.30%$1k-12 Month IRA w/ Silver Relationship Rewards
1.30%$500-12 Month CESA w/ Silver Relationship Rewards
1.25%$1k-24 Month IRA
1.25%$100k-18 Month Jumbo IRA
1.25%$500-24 Month CESA
1.20%$100k-91 Day Jumbo IRA w/ Platinum Relationship Rewards
1.20%$100k-6 Month Jumbo IRA w/ Silver Relationship Rewards
1.20%$100k-12 Month Jumbo IRA
1.15%$1k-18 Month IRA
1.15%$500-18 Month CESA
1.10%$500-91 Day CESA w/ Platinum Relationship Rewards
1.10%$1k-91 Day IRA w/ Platinum Relationship Rewards
1.10%$1k-6 Month IRA w/ Silver Relationship Rewards
1.10%$1k-12 Month IRA
1.10%$500-6 Month CESA w/ Silver Relationship Rewards
1.10%$500-12 Month CESA
1.05%$100k-91 Day Jumbo IRA w/ Gold Relationship Rewards
0.95%$1k-91 Day IRA w/ Gold Relationship Rewards
0.95%$500-91 Day CESA w/ Gold Relationship Rewards
0.90%$100k-6 Month Jumbo IRA
0.80%$1k-6 Month IRA
0.80%$100k-91 Day Jumbo IRA w/ Silver Relationship Rewards
0.80%$500-6 Month CESA
0.70%$1k-91 Day IRA w/ Silver Relationship Rewards
0.70%$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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