SMARTLAB by Logix

Give Yourself an Early Payday With Direct Deposit

Logix / May 4, 2023

What's better than payday? How about having access to your paycheck earlier than most everyone else. We process your direct deposit as soon as we get the notification from your employer, which means an early payday for many members - sometimes two days earlier than usual, depending on your employer. Early payday is one of the many account perks Logix members have always had. We never even advertised it because, frankly, it is the right thing to do! But now that a whole slew of financial institutions are adding this as a perk and talking about it like it is something special, or even worth paying extra for, we wanted to let you know that this is a benefit of your Logix checking account to enjoy, just like the many other built-in luxuries that other financial institutions seem to think are revolutionary.

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Online Banking: How to Transfer Funds Between Logix Accounts

Maria Espinosa / April 4, 2023

Did you know that you can easily transfer funds between your Logix accounts? Whether you want to make a payment by transferring funds to your loan or move money from one share to another, you can do so in your Logix Online Banking account. Simply follow the steps below to get started. If you are looking to transfer funds between different Logix accounts, click here to jump to this section.

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Keep Calm and Credit Union: Born to Thrive Amid Market Uncertainty

Brad Blue / March 24, 2023

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

Ana Fonseca / March 15, 2023

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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What is Capital and Why is it Important?

Stacey Klein / March 14, 2023

You may have seen some of the recent e-mails we’ve sent to let you know that, despite these uncertain times, your money is safe with Logix Federal Credit Union. You might have even noticed some similar language in each one: Your deposits are federally insured up to $250,000 by the National Credit Union Administration; we’re one of the healthiest and strongest financial institutions in the nation and capitalized at 13.3%! Then we tell you that these statements ought to put our members’ minds at ease.

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