Logix Federal Credit Union

Thank you for your question! We have 14 branches in Southern California, including locations in Burbank, Pasadena, Santa Clarita, Westlake Village, Thousand Oaks, Chatsworth, Woodland Hills and more. For a full list, please visit https://www.logixbanking.com/branches-and-atms

Account numbers, either for checking or savings accounts, identify your individual account. Even if you hold two accounts at the same bank, the account number of your savings account will be different from that of your checking account. Other than identifying the specific account, the difference between these two numbers is irrelevant.

Thank you for your question. The minimum balance in a Savings Account is only $5, but we gather you are asking why there is a monthly service fee if the balance is less than $1,000. We do offer a variety of easy ways to avoid that fee. Before we address how, it's best we first address your specific question: Since we are cooperatively owned by all of the people who bank with us, we must avoid creating a situation in which one group of members is subsidizing another group of members. We make every effort to ensure all memberships are contributing positively to the overall health of the credit union, and this sometimes means charging a fee if it costs more to maintain an account than the benefit the account brings to the cooperative. But, as mentioned above, there are many ways to avoid paying this fee even if you don't keep $1,000 in your savings account. The one most members take advantage of is our Relationship Rewards program which only requires $10,000 in combined loan and deposit balances. Almost every banking customer in the US has some combination of $10,000 in loans or deposits, so it can be extremely easy to avoid the fee while simultaneously enjoying all of the perks of membership like world-class service and fantastic rates. That said, we do recognize that not every person is willing to have such a relationship with Logix, and that's why we still offer membership even without combined balances of $10,000, albeit with the monthly fee to ensure that our other members are not subsidizing the account. Thank you again for your question. Sincerely, Brad Blue Online Marketing Manager Logix FCU [email protected]