Logix Federal Credit Union


Overview / Commentary
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

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.

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.

Logix Has The Worst Online Banking System

Posted by: |

I have had nothing but issues with their online banking system. Double withdrawal posts when you edit a transaction, can’t edit or delete transaction posted online even if the transaction date is in the future. Also they have problems linking online accounts to mortgages and charge my husband fees requiring him to go into he bank. It hasn’t been fun being charged fees for my other accounts being overdrawn due to a double posting of the same withdrawal request. I’m going to stop using their bank to bank transfer option and just utilize my other banks features. I do not have this issue with my other bank accounts. I do business with 2 other banks.

I do like their credit card services and no foreign transaction fees and some other good things. But as far as technology goes they aren’t really up to speed. They also don’t have electronic signature available or ways of securely uploading documents if you are far from the bank. If you live nearby a branch you won’t have this issue but during covid this is really an issue for everyone.

I hope they continue to improve their online banking system. I have never once been reached out to by a manger or anything even though I have complained profusely to lower level employees about these serious problems causing me additional fees, time wasted and headaches. I could cry if my other bank wasn’t understanding but I doubt I will be able to avoid fees if Logix continues to have issues with their online system double posting requests even though it only shows one request. Perhaps someone should fix that and allow you to cancel the transaction the same business day online. Be careful with their online system you may have already been a victim too. They keep telling me I have to fill out a paper form to request transaction. This is a one time transaction I like the freedom to do it myself. They rely too much on paper and forms. It’s very archaic in this day and age. I can’t remember the last time I had to fill out a “form” for a bank when so many have their “forms” electronic so you can just sign them electronically or in the branch electronically. I think i had to sign paper when I signed up with the bank. That was less than ten years ago... I think they still operate like this today. Except I had to fax or secure email them scanned copies of my paper forms. This really needs to change if they want to make their customers happy.

Services Has Declined!

Posted by: |

Service has declined! We have a premiere account, 1. they don’t offer notary services for Trust documents that will only be used for ALL our accounts at Logix.
2. They charge a fee to refinance! that’s NEW
3. The member service knowledge has declined tremendously! Every time I call the rep sounds like they just got up and your bothering them. This is also NEW!
Member service used to be Premier with knowledgeable professional and polite representatives.

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Health
A+

Health Grade Components

Overall
NCUA #1999
Year Chartered1937
Employees811
Primary Regulator
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD6.97%
Annual Interest Income$115.2MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$9.00B$8.28B
LoansQ2 2022vs Q2 2021$6.47B$5.04B
DepositsQ2 2022vs Q2 2021$7.81B$7.04B
Equity CapitalQ2 2022vs Q2 2021$1.08B$1.12B
Loan Loss AllowanceQ2 2022vs Q2 2021$74.8MM$72.0MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$23.9MM$19.0MM
Real Estate OwnedQ2 2022vs Q2 2021$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
1.10%*$100k*-IRA Savings
OTHER TIERS: 0.55% Up to $7.5k | 0.60% $7.5k - $10k | 0.65% $10k - $25k | 0.70% $25k - $50k | 0.75% $50k - $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
1.50%*$250k*-Money Market
OTHER TIERS: 0.65% Up to $7.5k | 0.70% $7.5k - $10k | 0.75% $10k - $25k | 0.85% $25k - $50k | 1.00% $50k - $100k | 1.40% $100k - $250k
1.40%*$250k*-Business Money Market
OTHER TIERS: 0.45% Up to $7.5k | 0.50% $7.5k - $10k | 0.55% $10k - $25k | 0.65% $25k - $50k | 0.80% $50k - $100k | 1.30% $100k - $250k

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
3.00%$100k-60 Month Jumbo CD w/ Platinum Relationship Rewards
2.90%$100k-48 Month Jumbo CD w/ Platinum Relationship Rewards
2.90%$1k-60 Month CD w/ Platinum Relationship Rewards
2.80%$1k-48 Month CD w/ Platinum Relationship Rewards
2.75%$100k-36 Month Jumbo CD w/ Platinum Relationship Rewards
2.65%$1k-36 Month CD w/ Platinum Relationship Rewards
2.60%$100k-24 Month Jumbo CD w/ Platinum Relationship Rewards
2.55%$100k-60 Month Jumbo CD w/ Gold Relationship Rewards
2.50%$1k-24 Month CD w/ Platinum Relationship Rewards
2.45%$1k-60 Month CD w/ Gold Relationship Rewards
2.45%$100k-48 Month Jumbo CD w/ Gold Relationship Rewards
2.45%$100k-18 Month Jumbo CD w/ Platinum Relationship Rewards
2.40%$100k-60 Month Jumbo CD w/ Silver Relationship Rewards
2.35%$1k-48 Month CD w/ Gold Relationship Rewards
2.35%$1k-18 Month CD w/ Platinum Relationship Rewards
2.35%$100k-48 Month Jumbo CD w/ Silver Relationship Rewards
2.30%$100k-36 Month Jumbo CD w/ Gold Relationship Rewards
2.30%$100k-12 Month Jumbo CD w/ Platinum Relationship Rewards
2.30%$1k-60 Month CD w/ Silver Relationship Rewards
2.30%$100k-60 Month Jumbo CD
2.25%$1k-48 Month CD w/ Silver Relationship Rewards
2.25%$100k-48 Month Jumbo CD
2.20%$1k-36 Month CD w/ Gold Relationship Rewards
2.20%$1k-12 Month CD w/ Platinum Relationship Rewards
2.20%$100k-36 Month Jumbo CD w/ Silver Relationship Rewards
2.20%$1k-60 Month CD
2.15%$100k-24 Month Jumbo CD w/ Gold Relationship Rewards
2.15%$1k-48 Month CD
2.10%$5k-12 Month Bump CD w/ Platinum Relationship Rewards
2.10%$1k-36 Month CD w/ Silver Relationship Rewards
2.10%$100k-36 Month Jumbo CD
2.05%$1k-24 Month CD w/ Gold Relationship Rewards
2.05%$1k-12 Month Flex CD w/ Platinum Relationship Rewards
2.05%$100k-24 Month Jumbo CD w/ Silver Relationship Rewards
2.00%$100k-18 Month Jumbo CD w/ Gold Relationship Rewards
2.00%$1k-36 Month CD
1.95%$1k-24 Month CD w/ Silver Relationship Rewards
1.95%$100k-24 Month Jumbo CD
1.90%$1k-18 Month CD w/ Gold Relationship Rewards
1.90%$100k-18 Month Jumbo CD w/ Silver Relationship Rewards
1.87%$1k-12 Month CD w/ Silver Relationship Rewards
1.85%$100k-12 Month Jumbo CD w/ Gold Relationship Rewards
1.85%$1k-24 Month CD
1.80%$1k-18 Month CD w/ Silver Relationship Rewards
1.80%$100k-18 Month Jumbo CD
1.75%$1k-12 Month CD w/ Gold Relationship Rewards
1.75%$100k-12 Month Jumbo CD w/ Silver Relationship Rewards
1.70%$1k-18 Month CD
1.65%$5k-12 Month Bump CD w/ Gold Relationship Rewards
1.65%$100k-12 Month Jumbo CD
1.60%$1k-12 Month Flex CD w/ Gold Relationship Rewards
1.55%$5k-12 Month Bump CD w/ Silver Relationship Rewards
1.55%$1k-12 Month CD
1.50%$1k-12 Month Flex CD w/ Silver Relationship Rewards
1.45%$100k-6 Month Jumbo CD w/ Platinum Relationship Rewards
1.45%$5k-12 Month Bump CD
1.40%$1k-12 Month Flex CD
1.35%$100k-91 Day Jumbo CD w/ Platinum Relationship Rewards
1.35%$1k-6 Month CD w/ Platinum Relationship Rewards
1.25%$1k-91 Day CD w/ Platinum Relationship Rewards
1.00%$100k-6 Month Jumbo CD w/ Gold Relationship Rewards
0.90%$1k-6 Month CD w/ Gold Relationship Rewards
0.90%$100k-91 Day Jumbo CD w/ Gold Relationship Rewards
0.90%$100k-6 Month Jumbo CD w/ Silver Relationship Rewards
0.80%$1k-91 Day CD w/ Gold Relationship Rewards
0.80%$100k-91 Day Jumbo CD w/ Silver Relationship Rewards
0.80%$1k-6 Month CD w/ Silver Relationship Rewards
0.80%$100k-6 Month Jumbo CD
0.70%$1k-91 Day CD w/ Silver Relationship Rewards
0.70%$100k-91 Day Jumbo CD
0.70%$1k-6 Month CD
0.60%$1k-91 Day CD

Logix Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$100k-60 Month Jumbo IRA w/ Platinum Relationship Rewards
2.90%$500-60 Month CESA w/ Platinum Relationship Rewards
2.90%$1k-60 Month IRA w/ Platinum Relationship Rewards
2.90%$100k-48 Month Jumbo IRA w/ Platinum Relationship Rewards
2.80%$500-48 Month CESA w/ Platinum Relationship Rewards
2.80%$1k-48 Month IRA w/ Platinum Relationship Rewards
2.75%$100k-36 Month Jumbo IRA w/ Platinum Relationship Rewards
2.65%$500-36 Month CESA w/ Platinum Relationship Rewards
2.65%$1k-36 Month IRA w/ Platinum Relationship Rewards
2.60%$100k-24 Month Jumbo IRA w/ Platinum Relationship Rewards
2.55%$100k-60 Month Jumbo IRA w/ Gold Relationship Rewards
2.50%$500-24 Month CESA w/ Platinum Relationship Rewards
2.50%$1k-24 Month IRA w/ Platinum Relationship Rewards
2.45%$100k-48 Month Jumbo IRA w/ Gold Relationship Rewards
2.45%$1k-60 Month IRA w/ Gold Relationship Rewards
2.45%$500-60 Month CESA w/ Gold Relationship Rewards
2.45%$100k-18 Month Jumbo IRA w/ Platinum Relationship Rewards
2.40%$100k-60 Month Jumbo IRA w/ Silver Relationship Rewards
2.35%$1k-48 Month IRA w/ Gold Relationship Rewards
2.35%$500-48 Month CESA w/ Gold Relationship Rewards
2.35%$500-18 Month CESA w/ Platinum Relationship Rewards
2.35%$1k-18 Month IRA w/ Platinum Relationship Rewards
2.35%$100k-48 Month Jumbo IRA w/ Silver Relationship Rewards
2.30%$100k-36 Month Jumbo IRA w/ Gold Relationship Rewards
2.30%$1k-60 Month IRA w/ Silver Relationship Rewards
2.30%$100k-12 Month Jumbo IRA w/ Platinum Relationship Rewards
2.30%$100k-60 Month Jumbo IRA
2.30%$500-60 Month CESA w/ Silver Relationship Rewards
2.25%$1k-48 Month IRA w/ Silver Relationship Rewards
2.25%$100k-48 Month Jumbo IRA
2.25%$500-48 Month CESA w/ Silver Relationship Rewards
2.20%$1k-36 Month IRA w/ Gold Relationship Rewards
2.20%$500-36 Month CESA w/ Gold Relationship Rewards
2.20%$500-12 Month CESA w/ Platinum Relationship Rewards
2.20%$1k-12 Month IRA w/ Platinum Relationship Rewards
2.20%$1k-60 Month IRA
2.20%$100k-36 Month Jumbo IRA w/ Silver Relationship Rewards
2.20%$500-60 Month CESA
2.15%$100k-24 Month Jumbo IRA w/ Gold Relationship Rewards
2.15%$1k-48 Month IRA
2.15%$500-48 Month CESA
2.10%$1k-36 Month IRA w/ Silver Relationship Rewards
2.10%$100k-36 Month Jumbo IRA
2.10%$500-36 Month CESA w/ Silver Relationship Rewards
2.05%$1k-24 Month IRA w/ Gold Relationship Rewards
2.05%$500-24 Month CESA w/ Gold Relationship Rewards
2.05%$100k-24 Month Jumbo IRA w/ Silver Relationship Rewards
2.00%$100k-18 Month Jumbo IRA w/ Gold Relationship Rewards
2.00%$1k-36 Month IRA
2.00%$500-36 Month CESA
1.95%$1k-24 Month IRA w/ Silver Relationship Rewards
1.95%$100k-24 Month Jumbo IRA
1.95%$500-24 Month CESA w/ Silver Relationship Rewards
1.90%$1k-18 Month IRA w/ Gold Relationship Rewards
1.90%$500-18 Month CESA w/ Gold Relationship Rewards
1.90%$100k-18 Month Jumbo IRA w/ Silver Relationship Rewards
1.85%$100k-12 Month Jumbo IRA w/ Gold Relationship Rewards
1.85%$1k-24 Month IRA
1.85%$500-24 Month CESA
1.80%$1k-18 Month IRA w/ Silver Relationship Rewards
1.80%$100k-18 Month Jumbo IRA
1.80%$500-18 Month CESA w/ Silver Relationship Rewards
1.75%$1k-12 Month IRA w/ Gold Relationship Rewards
1.75%$500-12 Month CESA w/ Gold Relationship Rewards
1.75%$100k-12 Month Jumbo IRA w/ Silver Relationship Rewards
1.70%$1k-18 Month IRA
1.70%$500-18 Month CESA
1.65%$1k-12 Month IRA w/ Silver Relationship Rewards
1.65%$100k-12 Month Jumbo IRA
1.65%$500-12 Month CESA w/ Silver Relationship Rewards
1.55%$1k-12 Month IRA
1.55%$500-12 Month CESA
1.45%$100k-6 Month Jumbo IRA w/ Platinum Relationship Rewards
1.35%$500-6 Month CESA w/ Platinum Relationship Rewards
1.35%$1k-6 Month IRA w/ Platinum Relationship Rewards
1.35%$100k-91 Day Jumbo IRA w/ Platinum Relationship Rewards
1.25%$500-91 Day CESA w/ Platinum Relationship Rewards
1.25%$1k-91 Day IRA w/ Platinum Relationship Rewards
1.00%$100k-6 Month Jumbo IRA w/ Gold Relationship Rewards
0.90%$100k-91 Day Jumbo IRA w/ Gold Relationship Rewards
0.90%$1k-6 Month IRA w/ Gold Relationship Rewards
0.90%$500-6 Month CESA w/ Gold Relationship Rewards
0.90%$100k-6 Month Jumbo IRA w/ Silver Relationship Rewards
0.80%$1k-91 Day IRA w/ Gold Relationship Rewards
0.80%$500-91 Day CESA w/ Gold Relationship Rewards
0.80%$1k-6 Month IRA w/ Silver Relationship Rewards
0.80%$100k-91 Day Jumbo IRA w/ Silver Relationship Rewards
0.80%$100k-6 Month Jumbo IRA
0.80%$500-6 Month CESA w/ Silver Relationship Rewards
0.70%$1k-91 Day IRA w/ Silver Relationship Rewards
0.70%$1k-6 Month IRA
0.70%$100k-91 Day Jumbo IRA
0.70%$500-91 Day CESA w/ Silver Relationship Rewards
0.70%$500-6 Month CESA
0.60%$1k-91 Day IRA
0.60%$500-91 Day CESA
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