Logix SmartLab Blog

What is Capital and Why is it Important?

Stacey Klein / March 14, 2023

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.

How Does a Bump Rate Certificate Work?

Maria Espinosa / March 13, 2023

If you're looking to hit the right financial notes, a bump rate certificate can be a great addition to your savings plan.

Can You Spot a Scam?

Sherlogix Holmes / March 7, 2023

Scammers are always coming up with new ways to trick people, but no matter the scam, there are common trends you should be aware of to keep your money and personal information safe.

A Simple Demonstration of the Power of Compound Interest

Brad Blue / February 23, 2023

Albert Einstein famously said that compound interest is the 8th wonder of the world, but its power is difficult to grasp. So, to give a simple visual demonstration, I'll double the amount of "c"s each time one is used in just three short sentences below. Imagine that each "c" is one cent deposited in a compounding savings account:

Laddering 101: Maximize Returns With Certificate Accounts

Logix / February 3, 2023

Laddering your certificates is an attractive investment strategy for new and seasoned investors looking to diversify their portfolios. With laddering, you will be able to decide how you want to split up your investments and whether to reinvest each time a certificate matures. By opening multiple certificates with staggered maturity dates, you have the potential to earn better returns while keeping your money safe.

A Letter From Our CEO: New Year. New Habits.

Ana Fonseca / January 12, 2023

I look forward to the beginning of each new year as an opportunity to set self-improvement goals. For many of us, New Year's resolutions are focused on health but it's just as important to evaluate your financial wellness and resolve to set some long- and short-term goals. Fortunately, January is Financial Wellness month, which was created to remind us to pay closer attention to our financial well-being after the hustle, bustle, and high spending that comes with the holiday season.

The Best of the Best – Why Logix is (Objectively) Smarter Banking

Logix / January 6, 2023

We're grateful to Callahan and Associates for providing such concrete evidence of our service and value commitment to you, our members.

Protecting Yourself From Holiday Identity Theft

Logix / December 23, 2022

The holiday season is a time when people are more vulnerable to identity theft scams. Not only are people making more purchases than any other time of year, but they are often distracted when doing so. During the holiday season, stores and shopping malls are bustling with people – especially at peak shopping times during evenings and weekends. When shoppers are focused on their gift lists, looking for bargains, or tending to the kids, attention might not be on security.

Required Minimum Distributions

Logix / December 12, 2022

Retirement plan participants are responsible for taking the correct amount of RMDs every year from their accounts.

Set ‘Em and Forget ‘Em: Four Financial Resolutions You Can Accomplish Now

Logix / December 7, 2022

New Year’s resolutions are a mixed bag for many of us. On the one hand: personal betterment! On the other hand: methodical auditing of our refrigerator, checking account, and various vices. On the cusp of a fresh calendar year, we feel compelled to immediately transform our lives, but— as is the case with most good things— change takes time. This is especially true when it comes to financial goals. And in the aftermath of steep holiday spending, our goalposts can feel...far away.

SMARTLAB Blog