A Letter From Our CEO
Discover the highlights from the past year and what's ahead in 2024 from our CEO, Ana Fonseca.
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Logix Donates $60,000 to Local Charities With Paying With a Purpose Campaign
Logix Federal Credit Union announced today the conclusion of its latest Paying with a Purpose: Curtain Up for Kindness Campaign, having raised $60,000 to benefit six local nonprofits. Logix is celebrating the impact of performing arts in our communities and donated $10,000 to the New West Symphony, Simi Valley Cultural Arts Foundation, Garry Marshall Theatre, Olive Branch Theatricals, San Fernando Valley Youth Chorus, and The Unusual Suspects this week.
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The NCUA vs FDIC: Know Your Deposit Insurance Options
For those navigating the financial landscape in the United States, the assurance of deposit safety stands as a cornerstone of financial security. This critical assurance is largely provided by two key federal entities: the National Credit Union Administration (NCUA) and the Federal Deposit Insurance Corporation (FDIC). These entities play a pivotal role in ensuring the safety of depositors' funds, but they cater to different sectors within the financial ecosystem. Before we delve into the specifics of NCUA and FDIC insurance, let's address the primary question: What sets these two organizations apart in the realm of deposit insurance and how do they relate to broader financial concepts and practices? Understanding this distinction is not just about recognizing the difference in coverage. It's about appreciating how each contributes to the stability and resilience of the financial landscape, ensuring that depositors can confidently engage with their chosen financial institutions, whether they are banks or credit unions.
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Understanding The NCUA Insurance Limit: What You Need to Know
If you're interested in securing your financial future, you've probably encountered the term "NCUA Insurance Limit." This limit is a crucial aspect of safeguarding your hard-earned money, especially if you're a member of a federally insured credit union like Logix. In this blog post, we'll break down the NCUA Insurance Limit and provide you with the necessary information to make informed financial decisions.
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Are Credit Unions FDIC Insured?
When it comes to your hard-earned money, ensuring its safety is a top priority. You may be considering joining a credit union and wondering, "Are credit unions FDIC insured?" This is an important question, and we're here to provide you with all the information you need to make an informed decision about your finances.
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Are Credit Unions Safer than Banks?
Discover why credit unions are safer than banks. Explore stability, member-centric services, and trusted financial practices. Secure your money today!
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A Letter From Our CEO: Navigating the Future Together
Your trust in Logix is what fuels our commitment to offering top-tier security and service.
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The Logix Federal Credit Union Awards: When the Best Bank Isn’t a Bank
Imagine you're at the annual Food Festival, and the highly anticipated award for "Best Pizza" is about to be announced. The crowd is buzzing with excitement, awaiting the results. The envelope is opened, and the winner is… a homemade lasagna! The audience is ecstatic, the lasagna basks in the spotlight, and the pizza contenders are left in disbelief.
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Keep Calm and Credit Union: Born to Thrive Amid Market Uncertainty
Many members came to #creditunions chasing a great rate, not realizing that they are taking part in something larger and more important – especially during times of economic uncertainty. So, while every company that has your email address wrote you last week about the safety of your account, I’d like to tell you why the one from your credit union might be worth a second look.
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A Letter from Our CEO: Logix is Exceptionally Strong and Well-Capitalized
Given recent events in the banking industry, including the sudden shuttering of Silvergate Bank and the FDIC’s takeover of Silicon Valley, Signature, and now First Republic Bank, I saw an opportunity to reach out about your relationship with Logix. At times like this, it’s nice to be reminded of the security of your deposits and our long-standing commitment to your financial health. Times like this can also be eye-opening; we’ve experienced an increase in calls from individuals who are moving funds to Logix over concerns with their bank's safety. Besides competitive rates and trustworthy service, it would be hard to find a safer home for your deposits – particularly those exceeding $250,000.
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