SOURCE: Logix Federal Credit Union

Logix Federal Credit Union

February 24, 2016 10:17 ET

Logix Federal Credit Union Announces $5 Million Member Loyalty Dividend

BURBANK, CA--(Marketwired - Feb 24, 2016) - Logix Federal Credit Union is returning $5 million to more than 50,000 members in the form of a Loyalty Dividend. The dividend was deposited directly into member accounts today.

"We are pleased to once again pay a Loyalty Dividend to the members who helped make our success possible," President and CEO Dave Styler said. "This is the fourth consecutive year we've paid a bonus dividend, which is a powerful way to demonstrate the unique advantage of membership in Logix."

Logix has reported positive net income every year since its inception in 1937, and is currently rated five-stars for financial strength by Bauer Financial.

"A record number of new members joined Logix in 2015, taking advantage of low auto and mortgage loan rates and generating a record $1.6 billion in funded loans. Thousands of members also deepened their savings relationships and opened checking accounts," said John Roemer, Senior Vice President of Marketing, Payments and Strategy. "More than 96 percent of our members say they would recommend Logix to a friend. We take great pride in that result."

The Loyalty Dividend was based on the combined deposit and loan balances each member had with Logix in the month of December.

Visit www.lfcu.com/logixdividend for more information.

About Logix

Logix Federal Credit Union is rated "superior" for financial strength and currently has $4.3 billion in assets and 160,000 members. Chartered in 1937, Logix offers preferred rates on savings and loan accounts, surcharge-free access to 35,000 ATMs and access to a nationwide network of branches.

Logix is the largest financial institution headquartered in the San Fernando Valley. The credit union operates 15 branches in the Northern Los Angeles County and Eastern Ventura County.

Logix was voted "Best Credit Union/Bank" in the Los Angeles Times Readers' Choice awards. The credit union was named one of the best places to work by the Los Angeles Business Journal in 2015 and Consumer Reports rated Logix 93 out of 100 in its January 2016 issue.

Southern California residents are eligible to open an account. Savings are federally insured by the National Credit Union Administration, a U.S. Government Agency. Logix is an equal housing lender. For more information, visit www.lfcu.com or call (800) 328-5328.

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