SCVEDC Blog

Logix Federal Credit Union — a longtime Burbank fixture with ties stretching back to the area’s aviation heyday — will relocate its headquarters to the Santa Clarita Valley, officials announced today.

The credit union, which has operated in Burbank for 78 years, confirmed its plans in an announcement Tuesday.

“After careful analysis of options that included alternate locations, as well as expansion on the current headquarters site, the Logix board determined the best long-term option is in the Santa Clarita Valley,” said Dave Styler, CEO of Logix, in a statement.

Founded as the Lockheed Aircraft Federal Credit Union in 1937 to serve employees of the aircraft company, the credit union has more than 150,000 members and more than $4 billion in assets, and currently has four branches in the Santa Clarita Valley.

Looking to expand, Ram Board has selected Santa Clarita as the site for its new home base.

The Burbank company will be moving over 30 employees into space in the Valencia Industrial Center, said Holly Schroeder, president and CEO of the Santa Clarita Valley Economic Development Corporation.

A key role of the SCVEDC is to attract new companies to the Santa Clarita Valley that bring high-quality jobs. With announcements of the relocation of companies such as Sunkist and the SCVEDC's recent trip to China to attract foreign investment, in might be easy to think that business attraction is the only way to grow jobs.

The Santa Clarita Valley is a great place, but there are a lot of misperceptions about it. I hear a lot of beliefs about the SCV that just aren't true, so let's take a look at the top myths: