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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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Fraud and Identity Theft

Easy Money or Money Mule?

Sherlogix Holmes / January 4, 2024

A money mule acts as a layer of distance between a scammer and their victims by handling stolen funds on behalf of someone else, either knowingly or unknowingly. Money mules make a scam harder to trace and the money even harder to find. Beware of offers that promise quick cash or a commission in exchange for receiving money and then sending it to someone else. This may take the form of a fake job opportunity, investment scheme, or prize award.

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Community Stars, Credit Unions

Logix Donates $60,000 to Local Charities With Paying With a Purpose Campaign

Logix / December 29, 2023

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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