Welcome to the Logix SmartLab

Smarter Banking Getting Smarter - A Message from Our CEO

Posted by Ana Fonseca on 12/28/2020

Dear Valued Members,

2020 has been an extraordinary year for Logix with many opportunities brought on by the challenges of the COVID-19 Pandemic. I’m proud of our employees and leadership team for demonstrating remarkable teamwork during this time and staying true to our mission: helping our members thrive. We deferred loan payments for over 16,000 members to help them make ends meet. We paid some of the highest deposit yields in the nation despite environmental rates hitting all-time lows. We scaled our operations to meet unprecedented mortgage demand, significantly reducing monthly mortgage payments for thousands of our members.

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Topics: Insider, Credit Unions, Featured

Credit Unions Are Different, and Members Wouldn't Have It Any Other Way

Posted by Paul Boynton on 10/18/2018

Credit unions are about common beliefs and taking control of your finances in cooperation with others that subscribe to the same goals and philosophies. While they might seem similar to a bank at the briefest of glances, there's so much more to discover upon a closer look.

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Topics: Credit Unions

Logix Employees Give at our 9/11 Remembrance Blood Drive

Posted by Kayleen Kavanagh on 9/11/2017

Every year, in remembrance of the victims of September 11, an American Red Cross team visits Logix Headquarters.  In a matter of moments, they combine two conference rooms into one bustling blood drive site.  With tons of energy, upbeat music playing, friendly chatter, and the smell of freshly baked treats, Logix employees ready themselves for their blood donation appointments.

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Topics: Credit Unions, Great Place to Work, Community Stars

A Pure Imagination Toy Drive

Posted by Admin on 8/18/2017

We just had a toy drive and it was extraordinary.

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Topics: Credit Unions, Community Stars

Logix Employees Give $120,000!

Posted by Admin on 6/29/2017

In case you missed it, last week was an exciting time for us and the four local charities we support!  We proudly presented $30,000 checks to Penny Lane Centers, Burbank Temporary Aid Center, For The Troops, and Circle of Hope, Inc.

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Topics: Credit Unions

What is "Smarter Banking" Anyway?

Posted by Brad Blue on 8/24/2016

We should clarify a bit of confusion about our tagline, "smarter banking." We aren’t a bank. We never have been a bank, and we never will be a bank. You see “smarter banking” in our tagline, because, quite simply, that’s what we offer.

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Topics: Insider, Consumerism, Credit Unions

How much does our Board of Directors make? Here's a hint:

Posted by Admin on 4/11/2016

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Topics: Video Blog, Credit Unions

Logix Announces $5M Loyalty Dividend

Posted by Admin on 2/23/2016

Today, Logix will return $5 million to the people who helped us earn it.

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Topics: Insider, Credit Unions

A Letter from our CEO: Tapping the Brakes to Avoid Excessive Growth

Posted by Logix CEO, Dave Styler on 1/31/2016

When I arrived at LFCU in 1989 as CFO, the Credit Union had roughly 100,000 members.  When I left briefly in 1993, LFCU had roughly 100,000 members; and when I returned to LFCU in 2001 as CEO, we still had roughly 100,000 members.  In fact, from the late 1980s until 2010, the credit union’s total member population remained relatively constant, at about 100,000.

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Topics: Insider, Credit Unions

A Brief History of Credit Unions

Posted by NerdWallet on 12/18/2015


Although chances are good that you’ve stepped foot inside a credit union or two, you may not know a whole lot about them. Credit unions — which are nonprofit, member-owned financial institutions that typically offer better interest rates and fewer fees than national banks — have a rich and complex history.

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Topics: Credit Unions

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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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