A Letter From Our CEO: 85 Years of Smarter Banking

This year marks our 85^th year of helping members thrive! We’re celebrating this remarkable milestone by recognizing you, our members, for contributing to our success all these years.

Lockheed Aircraft Employees Credit Union was chartered by twelve Lockheed employees in 1937, just as the country was climbing its way out of the Great Depression. Our members – then, all Lockheed employees – found safety, financial value, and excellent service in the years that followed and this continues to be true 85 years later.

During World War II, Lockheed was among the nation’s top corporations ranked by value of wartime production contracts. While our members worked hard, the credit union employees worked just as hard to make sure our members’ money was safe. As a result of this ongoing focus, Logix remains one of the strongest Financial Institutions in the nation today.

Our financial strength has been tested time and time again, from the oil crisis in the 1970s, Black Monday and the stock market crash of the ’80s, the dot-com bubble burst at the turn of this century, and the Great Recession of 2007-2009, which I believe was the greatest test of all. We have successfully weathered each of the fourteen recessions we have lived through, coming out stronger every time because we’re committed to helping our members during tough times. Whether it’s keeping your money safe and earning competitive rates, refinancing debt to lower your monthly payments, obtaining hardship relief on existing loans, or meeting with one of our financial consultants to help you invest wisely, you can count on us to be there for you.

Once again we find ourselves living through challenging times. After emerging from two-and-a-half years of a pandemic, we’re now faced with the highest inflation we’ve seen in over four decades. Gas prices have reached record levels and prices of goods and services continue to rise. The Federal Reserve Bank has hiked short-term rates by 3.00% this year alone and will continue hiking rates until inflation subsides. Last, the stock market has dropped to its lowest level for the year. Understandably, many members are feeling uncertain. I want to assure you that your money is safe with Logix and our friendly, caring, and knowledgeable staff is here to help you and your family thrive during this time.

As we look back on our 85 years, we’re grateful to all of you for making Logix everything it is today. To thank you for your membership and contributions to the success we’ve enjoyed for 85 years, we have a special offer to celebrate our 85 years of Smarter Banking. We're announcing a special 3.37% APY 13-Month Promotional Certificate. We hope you’ll take advantage and help us recognize our big 8-5!

Thank you for trusting us and we look forward to continuing to serve you.

Sincerely,

AFsig_3in