Welcome to the Logix SmartLab

‘Tis the season for gift card purchases. They’re great for friends, family, and co-workers; pretty much anyone likes receiving one as a present, but there are two groups who don’t want gift cards: the Internal Revenue Service (IRS) and the Social Security Administration (SSA).

You might look forward to the holiday season all year, but your bank account doesn't! That's because along with all the holiday cheer and unlimited baked goods, you can expect lots of expenses for everything from decorations to gifts. Fortunately, there are a few ways to curb those costs as the holidays approach.  Here's how:

The wait is over. Our new mobile app is here!

Many of the new and improved app features are the result of members sharing their experiences with us about problems with our current app (say hello to Android Fingerprint and Touch ID/Face ID!) With technology improving every day, we wanted to create an app that would not only provide members a better mobile banking experience from day one, but also have the capacity to evolve with advancements in technology.

Check it out! 

Are you struggling to save money? You're not alone. More than half of Americans have less than $1,000 in savings. An interesting way to create good financial habits is to complete the No Spend November challenge. If you're ready to embark on this difficult challenge, here are some tips so you can survive the month:

Credit unions are about common beliefs and taking control of your finances in cooperation with others that subscribe to the same goals and philosophies. While they might seem similar to a bank at the briefest of glances, there's so much more to discover upon a closer look.

Something huge happened this month worth a shout-out: Logix Community Stars Foundation has donated $1 million to local charities since 2007!  We are elated and hit this mark because of your generosity!

More than 500 of our employees joined together to make blankets for the Santa Clarita Valley chapter of Project Linus during our inaugural Community Day of service.  The event was hosted at the Hyatt Regency Valencia on October 8.

Have you ever had a mechanic knock on your door to tell you that he was driving by, saw that your car wasn’t running correctly, and decided to come by and fix it? He helpfully takes apart your engine at your request, but then stops working and demands money to finish. You pay what he requested, he works a little more, but tells you more is broken than he thought and that he needs more money. This cycle continues until you stop giving him money, at which point you’re left with a disassembled car in your driveway and a lot less cash in your wallet than you started the day with.

What mechanic could know your car's repair needs simply from driving by? Moreover, why would the "repairs" happen in your driveway?  If this situation sounds nonsensical, that's because it is. But, that’s basically the same idea as a common fraud technique: The PC cleaning scam.

Nearly everyone has a familiar face come to mind after hearing the word cancer.  Your mother, sister, grandfather, best friend, co-worker…the list goes on.  A cancer diagnosis can often be the beginning of a long, costly, and painful journey for those affected.  More than 5 years ago, we partnered with SCV’s Circle of Hope, Inc., a non-profit charity, through our Logix Community Stars foundation.  Circle of Hope provides financial assistance to cancer patients in need and offers emotional support, while educating cancer patients and their families.  Given their values and contribution to our branch communities, it made sense for us to support their efforts.

As of September 21, 2018, freezing and unfreezing your credit is now free.  Under a new federal law, you will no longer need to pay a fee for freeze requests, and fraud alerts on credit reports are now valid for a year, extended from the prior timeline of 90 days.