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Logix is a member-owned bank where customers become part-owners when they open an account. 100% of profits are returned to members as lower fees, better rates, improved services, and higher reserves to maintain financial strength. This ownership model aims to align the bank’s success with its customers, making Logix feel like a community-owned financial institution. The company distinguishes itself with a high level of personalized service (80% of calls answered by a live agent, concierge desks in branches, and free gourmet coffee), a long track record of stability (no bailout funds and no losses in 80 years), and strong member advocacy (over 96% would recommend Logix). Its goal is to offer smarter banking through ownership-based benefits, reliable service, and financial resilience that benefits its members directly.
Industries
Company Size
501-1,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Burbank, California
Founded
1937
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THOUSAND OAKS - Senior Concerns is calling on community members to volunteer for the 31st Annual Love Run, presented by Logix Federal Credit Union, which will take place on Sunday, June 1, in Westlake Village.
Critics of the Consumer Financial Protection Bureau (CFPB) said Wednesday (March 26) at a Capitol Hill hearing that the agency needs a restructuring, and has engaged in what they call “regulatory overreach” that merits a revisiting of its funding structure as well. The hearing, before the House Subcommittee on Financial Institutions, was titled “A New Era for the CFPB: Balancing Power and Reprioritizing Consumer Protections.”. In his opening remarks, Rep. Andy Barr, R-Ky., chair of the subcommittee, stated that “nowhere has overregulation and overreach” been as sharply in evidence at the CFPB. He heralded the present era, under the new administration, where “those in charge prioritize administrative law over regulation by enforcement, avoiding extortionary civil investigative demands (or CIDs).” Barr underscored legislation he’s recently introduced to restructure the CFPB, including the TABS Act, which would shift the funding structure to the congressional appropriations process
Chris Mackintosh joins Logix as Chief Operating Officer.
Logix has been named one of the best credit unions in California by Forbes for four years.
Logix Federal Credit Union launches Paying with a Purpose campaign Olive Branch Theatricals to receive support.
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Industries
Company Size
501-1,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Burbank, California
Founded
1937
Find jobs on Simplify and start your career today