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Logix Federal Credit Union

in Credit Unions

Unaffiliated Visit Site

Logix Federal Credit Union

Unaffiliated

in Credit Unions

SuperMoney Net Recommendation Score -100% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly not recommended

0 users recommend
0 users are unsure
1 user doesn't recommend
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Overview

The Logix Federal Credit Union is a full-service, not-for-profit credit union that serves people in Arizona, California, Washington DC, Maryland, Massachusetts, New Hampshire, Maine, Nevada and Virginia. The credit union started in 1937 with 12 charter members as an service exclusively for Lockheed Aircraft employees and their families. Now it has $3.8 billion in assets and over 131,000 members. Its return on average assets in 2013 was 0.38%.

There is a $25 minimum amount to open a checking account and a $5.95 monthly service fee. The fee is waived when you have a balance of $2,500 or more in your account. Saving accounts have a $5 monthly fee, which is waived if you have a balance of at least $500. Saving accounts have a 0.25% APY, while checking accounts have an APY that ranges from 0.05% to 0.40% depending on what relationship tier a member is placed in. Members earn points with their financial transactions, which increases their relationship tier. The penalty for nonsufficient funds is $29.

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Feature Breakdown

Minimum Balance to Avoid Monthly Fee
$2,500
ATM Fee: In-Network
$0
ATM Fee: Out-of-Network
$1.95
Bauer Financial A+/A Rating
Monthly ATM Fee Rebates
$3.50
Savings Interest Rate
Starting at
0.25%
Checking Interest Rate
Starting at
0.05%
Checking
IRAs
Savings
CD Accounts

Reviews

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