LOGIX

2340 N Hollywood Way, Accounting Ma
Burbank, CA 91505

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 1999
Date Established 1937
Assets $5,771.56 million
Loans $5,161.02 million
Deposits $4,255.03 million
Capital $895.93 million

Logix is an NCUA insured institution located in Burbank, CA. It was founded in 1937 and has approximately $5771.56 millions in assets.

Who can join?

Employees who work for one of the financial institution’s Sponsor Companies
Family members of current Logix members
Members of the American Consumer Council

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 listed in the credit union's online application).

Deposit Rates - January 22, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.50% $2,500 $7,499 Learn MoreShow Less
Money Market
0.70% $10,000 $24,999 Learn MoreShow Less
Money Market
0.80% $25,000 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
1.35% $1,000 $99,999 Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
0.55% $1,000 $99,999 Learn MoreShow Less
0.80% $1,000 $99,999 Learn MoreShow Less
1.35% $1,000 $99,999 Learn MoreShow Less
Special: 13 Mo CD
2.25% $2,500 - Learn MoreShow Less
1.40% $1,000 $99,999 Learn MoreShow Less
1.50% $1,000 $99,999 Learn MoreShow Less
Special: 27 Mo CD
2.50% $2,500 - Learn MoreShow Less
1.65% $1,000 $99,999 Learn MoreShow Less
1.70% $1,000 $99,999 Learn MoreShow Less
2.00% $1,000 $99,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.50% $1 $2,499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 - Learn MoreShow Less

Loan Rates - January 22, 2019

Your Current Location: Washington, WA 98109

Auto Loan Rates APR Rate Monthly Payment
3 Year 2.24% 2.24% $718.69
4 Year 2.74% 2.74% $550.49
5 Year 2.99% 2.99% $449.11
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Below are Logix branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Seattle,Washington


Logix Locations

Financial Details

Logix Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Logix. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Logix U.S. Average
0.94% 5.78

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2018, Logix had $8,152,980 in non-current loans and $824,221 in owned assets. To cover these potential losses it had $895,925,239 in net worth and $56,766,311 in loans loss reserves. That gives it a Texas Ratio of 0.94%.

Net Worth
Logix U.S. Average
15.52% 13.21%

Logix FCU has a net worth of 15.52% versus the BestCashCow average of 13.21. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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*All images, logos and public notes on this page appear courtesy of LOGIX and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.