A Letter From Our CEO: Logix is Exceptionally Strong and Well-Capitalized

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.

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What is Capital and Why is it Important?

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.

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

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.

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

Fact: Credit unions charge fewer fees and have better loan and deposit rates, on average, than banks.

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CA COVID-19 Rent Relief Program

Need help with unpaid rent or utilities? The CA COVID-19 Rent Relief Program is now covering 100% of rent and utilities for income-eligible renters and landlords. Please note: This is not a Logix program, and the information shared in this article is for informational purposes only.

The State of California has increased funding for income-eligible renters and their landlords who have been impacted by COVID-19 to cover 100% of unpaid and future rent or utilities. This increase in rental assistance payments to 100% of unpaid rent will help make landlords whole and keep tenants housed. You can verify your eligibility for the CA COVID-19 Rent Relief program and apply immediately by visiting HousingIsKey.com, or by calling 833-430-2122. Additionally, if you are an applicant who has already received funding through the program, you will be compensated the difference to receive 100% coverage – there is no need to re-apply!

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