In the labyrinth of personal finance, your credit union or bank statement serves as a guiding light, illuminating your path to financial health and security. It's more than just a piece of paper or a digital record—it's a mirror reflecting your financial habits, transactions, potential vulnerabilities, and banking activity over a specific period.
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It’s tax season once again…have you filed your return? April 15th is this year’s deadline, and you can also file for an extension which extends your timeline to October 15th. (Pro tip: To avoid the fees often associated with tax prep sites, eligible individuals can head over to the IRS for free online filing options.)
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Discover how identity theft happens and the tactics used by fraudsters. Learn how to protect yourself and your financial well-being in the digital age.
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Small business owners may find it challenging to find ways to provide additional benefits to their children who work for the company. One often overlooked choice is including a Roth individual retirement account (IRA) as part of their compensation, a strategy that offers the potential to benefit both the children and the business. Small businesses play a significant role in labor markets. They employ 61.7 million Americans, 46.4 percent of all private-sector employees. Over the period from 1995 to the present, small businesses have been responsible for generating 17.3 million net new jobs, which accounts for an impressive 62.7 percent of all jobs created since 1995.1
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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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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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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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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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As the whispers of spring turn into a full-blown chorus, excitement builds for the upcoming travel season. But for those approaching retirement, a different, yet equally thrilling journey is about to take off: the journey towards financial freedom. In this pre-departure guide, we'll explore two essential retirement vehicles – Traditional and Roth IRAs – equipped with their latest 2024 upgrades, to help you land a smooth and comfortable financial future.
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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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