What is Capital and Why is it Important?
You may have seen some of the recent e-mails we’ve sent to let you know that, despite these uncertain times, your money is safe with Logix Federal Credit Union. You might have even noticed some similar language in each one: Your deposits are federally insured up to $250,000 by the National Credit Union Administration; we’re one of the healthiest and strongest financial institutions in the nation and capitalized at 13.3%! Then we tell you that these statements ought to put our members’ minds at ease.
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