| Dear Valued Members, As our economy reopens, many of us will make up for lost time by spending on the experiences we’ve missed out on in the past 16 months. A return to normal includes travel, concerts, dining at restaurants and family reunions. I recently read that as many as 70% of Americans are planning at least one post-COVID splurge purchase and that 60% of Americans are planning to spend more on vacations. Naturally, it made me think about how Logix can help our members spend wisely and emerge from the pandemic financially well. After all, providing members with superior value and trusted advice is the reason Logix exists. |
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Logix Awarded Forbes America’s Best-In-State Credit Unions 2021
Friday, June 25, 2021
We’re good at giving credit, and humbled to receive it.
Seriously, we wouldn’t have been voted Forbes’ Best-in-State Credit Union if you weren’t so awesome. Fewer than 1% of credit unions can say they’ve been voted Forbes’ Best-in-State Credit Union every single year since its inception. Logix is only strong and successful due to our amazing members. Thank you for your trust, your membership, and your belief in the power of Smarter Banking!
How to Raise Financially Healthy Kids
Wednesday, June 23, 2021
As a parent, you may be wondering how you can set your children up for financial success? Here are some tips that will show you how to raise financially healthy kids.
After much time and research, you've done it - you've found your dream home. Now that your offer has been accepted and your lender has already pre-approved you, it is time for the home appraisal. But how much is the home worth? That’s the question at the heart of an appraisal. Home appraisals find out if the asking price is different than the actual value of the property. The value of the property will determine what the lender will loan you.
An appraisal is the expert opinion that defines the value of a property. But why is the lender so interested in the home appraisal, you may ask? A home appraisal protects the lender by using the home as collateral for the loan, making sure that their investment is indeed, worth the amount that they loan to a borrower. It also helps you not only to understand what the state of the home is, but it protects you from paying too much for a home.
Debt is a lot like snow. The more it accumulates, the more damage it can do.
Did you know it only takes two feet of compressed snow to stress the roof of your home and set it up for a potential collapse? While homeowner's insurance can cover repair costs, there's no such insurance policy that can help you recover from the destruction caused by the weight of debt.
If you're struggling to pay bills or can't seem to make progress on your emergency savings fund, too much debt might be to blame. Fortunately, there are two proven debt repayment methods that allow you to melt away years of debt accumulation.
