To understand how the federal funds rate or "Fed rate" affects banks and credit unions, we first need to understand what the federal funds rate is and its role in the financial world. The Federal Government requires all depository institutions, like banks and credit unions, to have a minimum reserve level in proportion to their deposits. Those that do not have enough reserves borrow from other financial institutions that do. The Fed rate is the interest rate banks charge when lending money to each other from their reserve balance.
How Do Fed Rates Affect Financial Institutions?
Thursday, October 13, 2022
Information on this topic is accurate as of 8/15/2022. For the most recent information, please visit the California Franchise Tax Board website.
More than 20 million Californians can expect a new round of direct payments to hit their bank accounts this year, Governor Gavin Newsom announced. The state is issuing payments up to $1,050 in what the governor called a new “Middle Class Tax Refund.” The direct payments are part of an inflation relief package.
Online Banking is a free, secure, and convenient way to bank from home. Sign in to Online Banking to perform transactions, get account information, and much more. First time here? Learn how to register in just a few easy steps!
Providing you access to your account information when and where you need it remains a top priority. When you can’t make it to a branch, Logix offers the ability to find your routing and account numbers using our Mobile App. Simply follow the steps below.
Online Banking: How to Find Your Routing and Account Numbers
Wednesday, June 08, 2022
Providing you access to your account information when and where you need it remains a top priority. When you can’t make it to a branch, Logix offers the ability to find your routing and account numbers using our Online Banking. Simply follow the steps below to get started.
