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 |
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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 |
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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 |
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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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