We’d like to introduce you to compound interest. It’s a simple principle that works consistently in practice. When you invest, your investment starts to earn money. Then the gains it accumulates also start to earn money and your initial investment can snowball very quickly.
Who Wants to Be a Millionaire... When You Retire?
Thursday, March 23, 2023
A Letter From Our CEO: Logix is Exceptionally Strong and Well-Capitalized
Wednesday, March 15, 2023
Dear Valued Members,
Given recent events in the banking industry, including the sudden shuttering of Silvergate Bank and the FDIC’s takeover of Silicon Valley, Signature, and now First Republic Bank, I saw an opportunity to reach out about your relationship with Logix. At times like this, it’s nice to be reminded of the security of your deposits and our long-standing commitment to your financial health. Times like this can also be eye-opening; we’ve experienced an increase in calls from individuals who are moving funds to Logix over concerns with their bank's safety. Besides competitive rates and trustworthy service, it would be hard to find a safer home for your deposits – particularly those exceeding $250,000.
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?
Monday, March 13, 2023
If you’re looking to hit the right financial notes in a market with steadily increasing rates, a bump rate certificate can be a great addition to your savings plan. Just like you might turn up the volume on your favorite song, this particular type of certificate offers investors the opportunity to “bump up” their earnings.
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 scammer might call or text you, impersonating someone from Logix, a collection agency, or another person or company you would be inclined to trust. Common tactics include:
