LOGIX

2340 N Hollywood Way, Accounting Ma
Burbank, CA 91505

 

2018 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 - October 16, 2018

Your Current Location: Virginia, VA 20146

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
1.10% $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
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 - October 16, 2018

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 2.24% 2.24% $718.69 Learn MoreShow Less
4 Year 2.74% 2.74% $550.49 Learn MoreShow Less
5 Year 2.99% 2.99% $449.11 Learn MoreShow Less
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:
Ashburn,Virginia


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.

Frequently Asked Questions On Logix

What is Logix?

A federal credit union, registered with the NCUA under certificate #1999.
Learn more about credit unions here.

Is Logix FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Logix?

Please see Field of Membership information above for information on who is eligible to join.

What are Logix's share account and share certificate rates?

Logix's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Logix?

Logix has total capital of $895.93 million. Full information on Logix's financial position is located above.

Who owns Logix?

Credit Unions are owned by their members.

Where are Logix branches located?

See branch locations nearby.

Are Logix ATMs Open 24/7?

Do Logix ATMs accept cash deposits?

Can Logix customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Logix have a mobile app?

Does Logix have mobile deposit?

Does Logix have quick pay?

How can Logix transfer money to other banks or credit unions?

Does Logix report to credit bureaus?

Does Logix use Chexsystems?

Does Logix use Equifax?

What is Logix's toll free phone number?

What is Logix's ACH Routing Number?

What is Logix's SWIFT code?

Where can I find Logix's wire transfer form?

What is the Logix address for deposits?

What Products Does Logix Offer

Does Logix offer mortgages?

Compare mortgage rates here.

Does Logix offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Logix offer auto and RV loans?

Compare auto loan rates here.

Does Logix offer student loans or personal loans?

Compare personal loan rates here.

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