Dec, 31, 2023 — LOGIX FEDERAL CREDIT UNION is a federal credit union headquartered in VALENCIA, CA with 19 branch locations and about $9.59 billion in total assets. Opened 87 years ago in 1937, LOGIX FEDERAL CREDIT UNION has about 247,367 members and employs 833 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOGIX FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 27918 Franklin Pkwy VALENCIA, CA 91355 |
| Phone: | (800) 328-5328 |
| Fax: | (818) 563-2927 |
| Website: | https://www.logixbanking.com |
| Branches: | 19 branch locations |
| Members: | 247,367 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1999 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation equipment |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $9,587,738,797 |
| CEO/Manager: | Ana Fonseca |
| Chairperson: | Ross Cooper |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 211,078,094 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 3,779,477 |
| Real Estate Loans | 5,810,238,789 |
| Unsecured Loans | 448,122,227 |
| Other Loans | 1,561,301,947 |
| TOTAL LOANS | 7,819,662,963 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -78,233,425 |
| Land And Building | 109,098,666 |
| Other Fixed Assets | 30,810,808 |
| NCUSIF Deposit | 62,282,893 |
| All Other Assets | 623,354 |
| TOTAL ASSETS | 9,587,738,797 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,079,232 |
| Notes & Interest Payable | 970,000,000 |
| Accounts Payable & Other Liabilities | 115,076,157 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 867,809,813 |
| Regular shares | 1,318,435,436 |
| All Other Shares & Deposits | 5,158,766,225 |
| TOTAL SHARES & DEPOSITS | 7,345,011,474 |
| TOTAL LIABILITIES | 8,443,266,863 |
| Regular Reserve | 0 |
| Other Reserves | -175,876,749 |
| Undivided Earnings | 1,320,348,683 |
| TOTAL EQUITY | 1,144,471,934 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,587,738,797 |
| INCOME & EXPENSE | |
| Loan Income | 331,156,179 |
| Investment Income | 36,662,768 |
| Other Income | 16,755,527 |
| Total Employee Compensation & Benefits | 101,246,203 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 83,548,940 |
| Non-operating Income & (Expense) | 1,971,674 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,400,000 |
| Cost of Funds | 193,524,276 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 41,332,926 |
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