Jun, 30, 2024 — LOGIX FEDERAL CREDIT UNION is a federal credit union headquartered in VALENCIA, CA with 18 branch locations and about $9.17 billion in total assets. Opened 87 years ago in 1937, LOGIX FEDERAL CREDIT UNION has about 234,381 members and employs 827 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: | 18 branch locations |
| Members: | 234,381 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $9,172,186,122 |
| CEO/Manager: | Ana Fonseca |
| Chairperson: | Ross Cooper |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 213,962,166 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 111,968 |
| Real Estate Loans | 5,159,658,591 |
| Unsecured Loans | 354,334,436 |
| Other Loans | 1,457,500,747 |
| TOTAL LOANS | 6,971,493,774 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -76,502,405 |
| Land And Building | 110,434,078 |
| Other Fixed Assets | 36,324,122 |
| NCUSIF Deposit | 62,543,464 |
| All Other Assets | 275,008 |
| TOTAL ASSETS | 9,172,186,122 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,259,077 |
| Notes & Interest Payable | 350,000,000 |
| Accounts Payable & Other Liabilities | 107,588,961 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 907,599,197 |
| Regular shares | 1,097,725,554 |
| All Other Shares & Deposits | 5,669,710,826 |
| TOTAL SHARES & DEPOSITS | 7,675,035,577 |
| TOTAL LIABILITIES | 8,137,883,615 |
| Regular Reserve | 0 |
| Other Reserves | -233,047,088 |
| Undivided Earnings | 1,267,349,595 |
| TOTAL EQUITY | 1,034,302,507 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,172,186,122 |
| INCOME & EXPENSE | |
| Loan Income | 162,753,078 |
| Investment Income | 19,736,938 |
| Other Income | 10,377,121 |
| Total Employee Compensation & Benefits | 71,258,592 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 59,354,891 |
| Non-operating Income & (Expense) | 8,693 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,300,000 |
| Cost of Funds | 31,702,402 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 59,810,590 |
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