Digital payment apps like Cash App, PayPal, and Venmo have gained immense popularity, but it's crucial to be aware of the risks involved in storing your funds on these platforms. Unlike traditional bank accounts, payment apps do not provide federal deposit insurance, leaving your money vulnerable in times of crisis. Recent incidents involving the collapse of banks like Silicon Valley Bank, Signature Bank, and First Republic Bank have highlighted the need to safeguard your funds.
Protecting Your Funds: The Importance of Insured Financial Institutions
Monday, August 28, 2023
Stay alert to scams that use the IRS as a lure. Tax scams can happen any time of year, not just at tax time.
The Logix Federal Credit Union Awards: When the Best Bank Isn't a Bank
Friday, August 11, 2023
Imagine you're at the annual Food Festival, and the highly anticipated award for "Best Pizza" is about to be announced. The crowd is buzzing with excitement, awaiting the results. The envelope is opened, and the winner is… a homemade lasagna! The audience is ecstatic, the lasagna basks in the spotlight, and the pizza contenders are left in disbelief.
7 Tips for Maintaining High-Mileage Vehicles Until Inflation Subsides
Monday, August 07, 2023
Since the onset of the pandemic and subsequent supply chain challenges, the auto industry has experienced three years of near-constant disruption. Luckily, supply chain woes are easing a bit, but rising interest rates and inflation are taking a huge toll on consumers. This is leading many who would otherwise be purchasing a new car or truck in 2023 to stay in their current vehicle for another year.
If you want to extend the life of your vehicle, here are some helpful tips for keeping your ride in top shape until the market becomes more favorable for consumers.
The Farmer and the Magic Seeds: Sowing the Seeds of Fortune
Monday, June 26, 2023
In the fertile financial fields of California, there lived a pragmatic farmer named Fred. With his sensible hat and sturdy boots, he was an emblem of resilience in this tumultuous terrain, where bulls and bears danced their unpredictable dance, and Wall Street wolves roamed. Yet, Fred was armed with a unique arsenal - his magic seeds, each representing a distinct investment strategy.
Let's follow Fred's journey as he cultivates a diverse financial garden and reaps the abundant rewards of his strategic sowing.
