SMARTLAB by Logix

Credit Unions, Investing and Financial Planning

Are Credit Unions Not-for-Profit Organizations?

Maria Espinosa / March 19, 2024

In the vast landscape of financial institutions, credit unions stand out as community-centric alternatives to traditional banks. Owned and operated by their members, these financial cooperatives prioritize serving the financial needs of their communities over maximizing profits. If you're curious about what sets credit unions apart from conventional banks and why they might be worth considering for your financial needs, you're in the right place.

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Community Stars, Logix News

Logix Supports Homes 4 Families Builds in North Hollywood, Palmdale

Logix / March 12, 2024

Logix Federal Credit Union and its employees are dedicated to giving back to the community. In the last few months, staff supported two Homes 4 Families’ builds for veteran housing, one in North Hollywood – a 12-home community for low-income veteran families, the other in Palmdale – a 56-home CalVet REN (Residential Enriched Neighborhood) for low-income veteran families.

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Consumerism and Spending, Home Loans and Home Equity Loans, Saving

Home Warranty 101: Making the Right Choice

Maria Espinosa / March 5, 2024

Ah, the joys and jitters of home ownership! Picture this: you've just cozied up in your dream home, but alas, your trusty appliances and systems decide it's time to throw a wrench in the works. Enter the answer to your problems - your home warranty. By understanding how home warranties work, you can make informed decisions about whether to invest in one for your home, considering your needs, budget and more. Here's what you need to know to make the right choice for your household.

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Community Stars, Logix News

Logix Supports Make a Blanket Day – March 2

Logix / February 27, 2024

SCV Project Linus continues to provide support to the community through its many blankets its Chapter Coordinator Sharon Garvar and her students at Academy of the Canyons (AOC) share with local youth. This group is hosting its biannual Make a Blanket Day (MABD), sponsored by Logix Federal Credit Union, from 10 a.m. to 4 p.m. Saturday, March 2, at College of the Canyons East Gym.

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Checking Accounts

Does a Checking Account Earn Interest?

Maria Espinosa / February 23, 2024

A traditional checking account is often seen as a staple in day-to-day personal finance, facilitating debit card purchases, ATM withdrawals, and direct deposits. Yet, many account holders may not realize that certain types of checking accounts, specifically interest-bearing checking accounts, offer the potential to earn interest (or dividends) on the account balance. Financial institutions, including banks and credit unions, provide various financial products, with some designed to accrue earnings over time. 

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Fraud and Identity Theft

Tech Support Scams

Sherlogix Holmes / February 6, 2024

Tech support fraud occurs when the subject claims to be associated with a computer software or security company, or even a cable or Internet company, offering technical support to the victim. Phony tech support companies utilize several different methods to contact or lure their victims. This list is not all inclusive, as the subjects are always varying their schemes.

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Checking Accounts, Mobile App, Online Banking, +1 more

How to Order Checks: A Step-by-Step Guide

Maria Espinosa / January 26, 2024

The traditional checkbook still holds its unique place in managing finances. Whether it's paying for rent, settling a personal debt, or handling transactions that require a paper trail, checks are indispensable. Did you know that you can seamlessly reorder your checks through Online Banking or via the Logix Mobile Banking App? Follow these steps to get started.

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