Thank you for making Logix a Forbes Best-In-State Credit Union for the third year in a row!
Forbes partnered with market research firm Statista to produce their third annual list of The Best Banks And Credit Unions In Every State 2020, where over 25,000 customers in the U.S. were surveyed for their opinion on their current and former banking relationships. Only financial institutions ranking in the top 3% achieved the "Best-In-State" designation, and thanks to you, Logix was one of them!
Organizations were scored on the following attributes: Trust, Digital Services, Branch Services, Terms and Conditions, and Financial Advice, and these factored into the overall score which included willingness to refer a friend. Members will not be surprised to learn that, while we scored near the top in every category, no other financial institution in California matched Logix in Trust.
"Overall, 182 credit unions and 135 banks qualified. Americans generally gave their banking institutions good reviews on satisfaction with scores of 4.2 on average on a scale of one to five. But banks can’t touch credit unions; they averaged 4.5.
There are more than 5,200 credit unions with 120 million members across the U.S. Members-only credit unions typically have lower fees and offer better interest rates than traditional banks, and the nonprofit model where the members are the owners puts the customer first, resulting in higher levels of satisfaction. Many credit unions, founded decades ago by workers of large local businesses, military bases, union groups and industries looking for banking services, have grown into large institutions with tens of thousands of customers, large loan portfolios and sophisticated digital banking services.”
We know the power of word of mouth, and with your help, more than 65% of new Logix members are referred by friends and family. So we thank you again for your membership, your support, and for making Logix a Forbes Best-In-State Credit Union!