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.

The Santa Clarita Valley Economic Development Corporation is pleased to announce that Logix Federal Credit Union will be moving its headquarters to the Santa Clarita Valley. Logix has acquired a 12-acre vacant parcel in the Valencia Commerce Center near the junction of Interstate 5 and State Highway 126.

Does your business pay Use Tax? If so you may be eligible to direct a large portion of your Use Tax back to Santa Clarita’s general fund for public safety, parks, libraries, infrastructure and other City services and receive a cash rebate on a portion of the Use Tax remitted to the City.