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The Richest Man in Babylon - A book review by our CEO, Dave Styler

Posted by Logix CEO, Dave Styler on 6/30/2016

Our CEO’s column in our employee newsletter, Logix Out Loud, is always an enjoyable read. Usually it is filled with big happenings at Logix, ideas for providing great service, or insights about how the credit union is doing. This month, Dave used his column to tell our staff about one of his favorite books, “The Richest man in Babylon.” The financial advice in the book is timeless, and certainly worth sharing with our members. Here’s Dave’s post to our staff:

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Topics: Insider, Consumerism, Credit Cards, Student Loans, Investing, Home Loans, Saving

How do Credit Limits Affect your Credit Score? - A Logix Video Blog

Posted by Admin on 5/11/2016

 

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Topics: Credit Cards, Credit Scores, Debt

Don't EVER put these four things on a credit card.

Posted by Brad Blue on 4/1/2016


Contrary to popular belief, using a credit card to make purchases instead of cash can be a very healthy practice - especially if you don't carry a balance and you use a rewards credit card like our Platinum Rewards MasterCard. But there are four things nobody should ever put on a credit card:

Electromagnets: Electromagnets can damage the magnetic strip on your credit card, rendering them useless except in cases where the number is manually entered. (Such as an Amazon purchase.)

Other people's names: In the signature strip on the back of your card, never put another person's name or doodles of any sort. This space should be reserved for your own signature and other markings are not advisable.

White hot molten metal: As with the electromagnet, white hot molten metal (such as the kind one finds in steel mills or the volcanic planet Mustafar from Star Wars III) should not be put on a credit card except in dire circumstances, and NEVER while in your pocket. (Am I right, Brian?) The card will likely melt causing damage to the card or extreme pain if it touches the skin.

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Topics: Consumerism, Credit Cards

Help Prevent Fraud by Freezing Your Credit

Posted by Admin on 3/2/2016



Here’s a way to protect your financial information from crooks. 

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Topics: Fraud & Identity Theft, Credit Cards

Deck the Halls with Scams Aplenty

Posted by Kayleen Kavanagh on 12/1/2015

So, the other day while at work, I heard the familiar buzz on my cell phone alerting me that I have a text message. The text was a notification from my Logix Card Manager app that there were two transaction attempts on my debit card at a merchant that I didn’t recognize. For months since signing up for the app, I had been receiving notifications for every purchase I made and would proudly acknowledge the texts for my authorized transactions. And, now I have a secret – I was slightly hoping for the moment that I would be alerted to a fraudulent purchase where I would immediately log into my Card Manager app to close my card and stop fraud in its tracks. Well, that day finally came! As soon as I saw those unrecognizable transactions, I quickly logged into the app and closed my debit card, preventing further fraudulent activity. After doing so, I started pondering all of the places I recently used my card in the hopes of figuring out where the point of compromise was. I started to think about how we have reached the season of scams. While fraudsters don’t sleep and scammers are a year-round predators, the holidays are a time when we are most vulnerable to them. Therefore, this is a good time to revisit the prominent scams that are out there. Keep in mind, that this list is just a preview as scams can take on many forms. For more information on a variety of scams and how you can protect yourself, check out the Scam Alerts section on the Federal Trade Commission’s website.

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Topics: Fraud & Identity Theft, Consumerism, Credit Cards, Debit Cards

Video Blog: Debit or Credit?

Posted by Admin on 10/9/2015

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Topics: Consumerism, Credit Cards, Debit Cards

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Feel free to peruse about. Here you’ll find stories, posts and tools aimed to assist you as you’re faced with daily to once-in-a-lifetime financial quandaries. This is your SmartLab (lab coat optional). We want you to get the most from our articles, and we welcome your ideas to help us continue to bring valuable content to you. Check out the comment section at the bottom of every post for easy ways to share feedback. We’re learning, too, and what better way to encourage smarter banking than to share tips and resources with each other? Not to mention, it’s a great chance for us to get to know each other!

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