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Logix Federal Credit Union


Overview / Commentary
www.logixbanking.com
818-565-2020
27918 Franklin Pkwy
Valencia, CA 91355

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 (39)

Best Credit Union And/Or Bank

Posted by: |

I have been with them over 20 years. The are efficient and professional, I was hacked and they rescued me.
I am new to mobile banking but found with their help, I was easily able to master it.

1

Best Bank Ever

Posted by: |

I am a retired Lockheed Skunk Works employee. Join the credit union 37+ years ago. I wouldn’t think of banking anywhere else. Logix is the absolute best. One by one I’m getting my family members to join. Everyone is so happy with Logix.

4

5/10/23 Bump Rate 12 Mo. CD

Posted by: |

Pays 4.3% with a $5,000 minimum.

Big advantage: if rate goes higher, you can bump it up once

Huge advantage: you can add additional funds once. In essence, you are locking in a 4.3% return for a year if rates elsewhere plummet.

12

Disappointing Mastercard Policies

Posted by: |

My biggest complaint/disappointment regarding Logix Credit Union is their Mastercard cash back policies.

1. Their Mastercard cash back minimum threshold for being able to use your earned cash rewards is extremely disappointing. You cannot cash out your Mastercard cash back rewards until you hit 5,000 points. In comparison, so many other cash back credit cards offer no minimum amount of cash back earned before you can have your cash back rewards money transferred to your account for use. Logix's Mastercard cash back 5,000 points minimum threshold requirement before being able to use your earned cash back is unfair, and perhaps a bit greedy.

2. Logix offers tiered Mastercard Rewards cash back percentages. They require you have a minimum of $100,000 on deposit in order to earn the equivalent of 3% cash back on all purchases. They require a minimum of $35,000 on deposit to earn the equivalent of 2% cash back. I can understand why they'd require the $100,000 minimum to earn the 3%, but cannot understand the high $35,000 minimum to earn the 2%. In comparison, both Citi Bank and Fidelity offer 2% cash back credit cards with no minimum balance-on-deposit requirements.

The above stuff is also puzzling because Logix is a not-for-profit cooperative.

1
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Health
B+

Data as of Q2 2023

Learn why bank health matters

Health Grade Components

Overall
NCUA #1999
Year Chartered1937
Employees834
Primary Regulator
Profit Margin
Return on Assets - YTD0.36%
Return on Equity - YTD3.22%
Annual Interest Income$171.7MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$9.85B$9.00B
LoansQ2 2023vs Q2 2022$7.80B$6.47B
DepositsQ2 2023vs Q2 2022$7.42B$7.81B
Equity CapitalQ2 2023vs Q2 2022$1.09B$1.08B
Loan Loss AllowanceQ2 2023vs Q2 2022$0$74.8MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$23.5MM$23.9MM
Real Estate OwnedQ2 2023vs Q2 2022$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
4.25%*$25k*$100kHigh Rate Savings Special
OTHER TIERS: 1.80% → $100k+
2.50%*$50k*-IRA Savings
OTHER TIERS: 2.00% → Up to $10k | 2.25% → $10k - $50k
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
2.20%*$500k*-Money Market
OTHER TIERS: 0.80% → Up to $7.5k | 0.85% → $7.5k - $10k | 0.90% → $10k - $25k | 1.00% → $25k - $50k | 1.15% → $50k - $100k | 1.80% → $100k - $250k | 2.10% → $250k - $500k
2.20%*$500k*-Business Money Market
OTHER TIERS: 0.80% → Up to $7.5k | 0.85% → $7.5k - $10k | 0.90% → $10k - $25k | 1.00% → $25k - $50k | 1.15% → $50k - $100k | 1.80% → $100k - $250k | 2.10% → $250k - $500k

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
4.50%$1k-24 Month CD Special
4.50%$1k-24 Month CD Special w/ Gold Relationship Rewards
4.50%$1k-24 Month CD Special w/ Platinum Relationship Rewards
4.50%$1k-24 Month CD Special w/ Silver Relationship Rewards
4.50%$100k-24 Month Jumbo CD Special
4.50%$100k-24 Month Jumbo CD Special w/ Gold Relationship Rewards
4.50%$100k-24 Month Jumbo CD Special w/ Platinum Relationship Rewards
4.50%$100k-24 Month Jumbo CD Special w/ Silver Relationship Rewards
4.50%$1k-60 Month CD Special
4.50%$1k-60 Month CD Special w/ Gold Relationship Rewards
4.50%$1k-60 Month CD Special w/ Platinum Relationship Rewards
4.50%$1k-60 Month CD Special w/ Silver Relationship Rewards
4.50%$100k-60 Month Jumbo CD Special
4.50%$100k-60 Month Jumbo CD Special w/ Gold Relationship Rewards
4.50%$100k-60 Month Jumbo CD Special w/ Platinum Relationship Rewards
4.50%$100k-60 Month Jumbo CD Special w/ Silver Relationship Rewards
4.40%$5k-12 Month Bump CD w/ Gold Relationship Rewards
4.40%$5k-12 Month Bump CD w/ Platinum Relationship Rewards
4.40%$5k-12 Month Bump CD
4.40%$5k-12 Month Bump CD w/ Silver Relationship Rewards
4.30%$5k-7 Month CD Special
4.30%$5k-7 Month CD Special w/ Gold Relationship Rewards
4.30%$5k-7 Month CD Special w/ Platinum Relationship Rewards
4.30%$5k-7 Month CD Special w/ Silver Relationship Rewards
4.00%$1k-Business 12 Month CD
4.00%$1k-13 Month CD Special
4.00%$1k-13 Month CD Special w/ Gold Relationship Rewards
4.00%$1k-13 Month CD Special w/ Platinum Relationship Rewards
4.00%$1k-13 Month CD Special w/ Silver Relationship Rewards
3.30%$100k-48 Month Jumbo CD w/ Platinum Relationship Rewards
3.20%$100k-18 Month Jumbo CD w/ Platinum Relationship Rewards
3.20%$1k-48 Month CD w/ Platinum Relationship Rewards
3.15%$100k-36 Month Jumbo CD w/ Platinum Relationship Rewards
3.10%$1k-18 Month CD w/ Platinum Relationship Rewards
3.05%$100k-12 Month Jumbo CD w/ Platinum Relationship Rewards
3.05%$1k-36 Month CD w/ Platinum Relationship Rewards
2.95%$1k-12 Month CD w/ Platinum Relationship Rewards
2.85%$100k-48 Month Jumbo CD w/ Gold Relationship Rewards
2.80%$1k-12 Month Flex CD w/ Platinum Relationship Rewards
2.75%$1k-48 Month CD w/ Gold Relationship Rewards
2.75%$100k-18 Month Jumbo CD w/ Gold Relationship Rewards
2.75%$100k-48 Month Jumbo CD w/ Silver Relationship Rewards
2.70%$100k-36 Month Jumbo CD w/ Gold Relationship Rewards
2.65%$1k-18 Month CD w/ Gold Relationship Rewards
2.65%$100k-18 Month Jumbo CD w/ Silver Relationship Rewards
2.65%$1k-48 Month CD w/ Silver Relationship Rewards
2.65%$100k-48 Month Jumbo CD
2.60%$1k-36 Month CD w/ Gold Relationship Rewards
2.60%$100k-12 Month Jumbo CD w/ Gold Relationship Rewards
2.60%$100k-36 Month Jumbo CD w/ Silver Relationship Rewards
2.55%$1k-18 Month CD w/ Silver Relationship Rewards
2.55%$100k-18 Month Jumbo CD
2.55%$1k-48 Month CD
2.50%$1k-12 Month CD w/ Gold Relationship Rewards
2.50%$100k-12 Month Jumbo CD w/ Silver Relationship Rewards
2.50%$1k-36 Month CD w/ Silver Relationship Rewards
2.50%$100k-36 Month Jumbo CD
2.45%$1k-18 Month CD
2.40%$1k-12 Month CD w/ Silver Relationship Rewards
2.40%$100k-12 Month Jumbo CD
2.40%$1k-36 Month CD
2.35%$1k-12 Month Flex CD w/ Gold Relationship Rewards
2.30%$1k-12 Month CD
2.25%$1k-12 Month Flex CD w/ Silver Relationship Rewards
2.20%$100k-6 Month Jumbo CD w/ Platinum Relationship Rewards
2.15%$1k-12 Month Flex CD
2.10%$1k-6 Month CD w/ Platinum Relationship Rewards
1.85%$100k-91 Day Jumbo CD w/ Platinum Relationship Rewards
1.75%$100k-6 Month Jumbo CD w/ Gold Relationship Rewards
1.75%$1k-91 Day CD w/ Platinum Relationship Rewards
1.65%$1k-6 Month CD w/ Gold Relationship Rewards
1.65%$100k-6 Month Jumbo CD w/ Silver Relationship Rewards
1.55%$1k-6 Month CD w/ Silver Relationship Rewards
1.55%$100k-6 Month Jumbo CD
1.45%$1k-6 Month CD
1.40%$100k-91 Day Jumbo CD w/ Gold Relationship Rewards
1.30%$1k-91 Day CD w/ Gold Relationship Rewards
1.30%$100k-91 Day Jumbo CD w/ Silver Relationship Rewards
1.20%$1k-91 Day CD w/ Silver Relationship Rewards
1.20%$100k-91 Day Jumbo CD
1.10%$1k-91 Day CD

Logix Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%$500-24 Month CESA Special
4.50%$500-24 Month CESA Special w/ Gold Relationship Rewards
4.50%$500-24 Month CESA Special w/ Platinum Relationship Rewards
4.50%$500-24 Month CESA Special w/ Silver Relationship Rewards
4.50%$1k-24 Month IRA Special
4.50%$1k-24 Month IRA Special w/ Gold Relationship Rewards
4.50%$1k-24 Month IRA Special w/ Platinum Relationship Rewards
4.50%$1k-24 Month IRA Special w/ Silver Relationship Rewards
4.50%$100k-24 Month Jumbo IRA Special
4.50%$100k-24 Month Jumbo IRA Special w/ Gold Relationship Rewards
4.50%$100k-24 Month Jumbo IRA Special w/ Platinum Relationship Rewards
4.50%$100k-24 Month Jumbo IRA Special w/ Silver Relationship Rewards
4.50%$500-60 Month CESA Special
4.50%$500-60 Month CESA Special w/ Gold Relationship Rewards
4.50%$500-60 Month CESA Special w/ Platinum Relationship Rewards
4.50%$500-60 Month CESA Special w/ Silver Relationship Rewards
4.50%$1k-60 Month IRA Special
4.50%$1k-60 Month IRA Special w/ Gold Relationship Rewards
4.50%$1k-60 Month IRA Special w/ Platinum Relationship Rewards
4.50%$1k-60 Month IRA Special w/ Silver Relationship Rewards
4.50%$100k-60 Month Jumbo IRA Special
4.50%$100k-60 Month Jumbo IRA Special w/ Gold Relationship Rewards
4.50%$100k-60 Month Jumbo IRA Special w/ Platinum Relationship Rewards
4.50%$100k-60 Month Jumbo IRA Special w/ Silver Relationship Rewards
3.30%$100k-48 Month Jumbo IRA w/ Platinum Relationship Rewards
3.20%$500-48 Month CESA w/ Platinum Relationship Rewards
3.20%$1k-48 Month IRA w/ Platinum Relationship Rewards
3.20%$100k-18 Month Jumbo IRA w/ Platinum Relationship Rewards
3.15%$100k-36 Month Jumbo IRA w/ Platinum Relationship Rewards
3.10%$500-18 Month CESA w/ Platinum Relationship Rewards
3.10%$1k-18 Month IRA w/ Platinum Relationship Rewards
3.05%$500-36 Month CESA w/ Platinum Relationship Rewards
3.05%$1k-36 Month IRA w/ Platinum Relationship Rewards
3.05%$100k-12 Month Jumbo IRA w/ Platinum Relationship Rewards
2.95%$500-12 Month CESA w/ Platinum Relationship Rewards
2.95%$1k-12 Month IRA w/ Platinum Relationship Rewards
2.85%$100k-48 Month Jumbo IRA w/ Gold Relationship Rewards
2.75%$100k-18 Month Jumbo IRA w/ Gold Relationship Rewards
2.75%$1k-48 Month IRA w/ Gold Relationship Rewards
2.75%$500-48 Month CESA w/ Gold Relationship Rewards
2.75%$100k-48 Month Jumbo IRA w/ Silver Relationship Rewards
2.70%$100k-36 Month Jumbo IRA w/ Gold Relationship Rewards
2.65%$1k-18 Month IRA w/ Gold Relationship Rewards
2.65%$500-18 Month CESA w/ Gold Relationship Rewards
2.65%$1k-48 Month IRA w/ Silver Relationship Rewards
2.65%$100k-18 Month Jumbo IRA w/ Silver Relationship Rewards
2.65%$100k-48 Month Jumbo IRA
2.65%$500-48 Month CESA w/ Silver Relationship Rewards
2.60%$100k-12 Month Jumbo IRA w/ Gold Relationship Rewards
2.60%$1k-36 Month IRA w/ Gold Relationship Rewards
2.60%$500-36 Month CESA w/ Gold Relationship Rewards
2.60%$100k-36 Month Jumbo IRA w/ Silver Relationship Rewards
2.55%$1k-18 Month IRA w/ Silver Relationship Rewards
2.55%$1k-48 Month IRA
2.55%$100k-18 Month Jumbo IRA
2.55%$500-18 Month CESA w/ Silver Relationship Rewards
2.55%$500-48 Month CESA
2.50%$1k-12 Month IRA w/ Gold Relationship Rewards
2.50%$500-12 Month CESA w/ Gold Relationship Rewards
2.50%$1k-36 Month IRA w/ Silver Relationship Rewards
2.50%$100k-12 Month Jumbo IRA w/ Silver Relationship Rewards
2.50%$100k-36 Month Jumbo IRA
2.50%$500-36 Month CESA w/ Silver Relationship Rewards
2.45%$1k-18 Month IRA
2.45%$500-18 Month CESA
2.40%$1k-12 Month IRA w/ Silver Relationship Rewards
2.40%$1k-36 Month IRA
2.40%$100k-12 Month Jumbo IRA
2.40%$500-12 Month CESA w/ Silver Relationship Rewards
2.40%$500-36 Month CESA
2.30%$1k-12 Month IRA
2.30%$500-12 Month CESA
2.20%$100k-6 Month Jumbo IRA w/ Platinum Relationship Rewards
2.10%$500-6 Month CESA w/ Platinum Relationship Rewards
2.10%$1k-6 Month IRA w/ Platinum Relationship Rewards
1.85%$100k-91 Day Jumbo IRA w/ Platinum Relationship Rewards
1.75%$100k-6 Month Jumbo IRA w/ Gold Relationship Rewards
1.75%$500-91 Day CESA w/ Platinum Relationship Rewards
1.75%$1k-91 Day IRA w/ Platinum Relationship Rewards
1.65%$1k-6 Month IRA w/ Gold Relationship Rewards
1.65%$100k-6 Month Jumbo IRA w/ Silver Relationship Rewards
1.55%$1k-6 Month IRA w/ Silver Relationship Rewards
1.55%$100k-6 Month Jumbo IRA
1.55%$500-6 Month CESA w/ Silver Relationship Rewards
1.50%$500-6 Month CESA w/ Gold Relationship Rewards
1.45%$1k-6 Month IRA
1.45%$500-6 Month CESA
1.40%$100k-91 Day Jumbo IRA w/ Gold Relationship Rewards
1.30%$1k-91 Day IRA w/ Gold Relationship Rewards
1.30%$500-91 Day CESA w/ Gold Relationship Rewards
1.30%$100k-91 Day Jumbo IRA w/ Silver Relationship Rewards
1.20%$1k-91 Day IRA w/ Silver Relationship Rewards
1.20%$100k-91 Day Jumbo IRA
1.20%$500-91 Day CESA w/ Silver Relationship Rewards
1.10%$1k-91 Day IRA
1.10%$500-91 Day CESA
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