BURBANK, Calif.–Logix FCU said it is paying a $3-million “relationship dividend” to its 47,000 members.
The Relationship Dividend was based on the combined deposit and loan balances each member had with Logix in the month of December, according to the $4.7-billion credit union.
"We are pleased to once again pay a Relationship Dividend to members who helped make our success possible," said President and CEO Dave Styler. "This is the fifth consecutive year we've paid an extra dividend, and it remains a powerful way to demonstrate the unique advantage of Logix membership, beyond the great value we offer to our members every day."
John Roemer, SVP-marketing, payments and strategy added, "Nearly 20,000 new members joined Logix in 2016, taking advantage of low auto and mortgage loan rates and generating a record $1.9 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 92% of our members say they would recommend Logix to a friend. We take great pride in that result."