BURBANK, Calif.–The $4-billion Logix FCU has announced plans to move its headquarters to Santa Clarita, Calif., where it has purchased a 12-acre vacant parcel on which it will build a new building.
For the past 27 years the credit union has called Burbank home, but in a statement to its membership it said it needs a larger facility to “accommodate our expanding employee population.”
“As part of these plans, to accommodate growth over the next three years, and since we intend to sell our current headquarters facility, we will relocate the Burbank branch to two new locations within the next year,” said the credit union in a statement. “We are currently looking for available lease space in the downtown Burbank and Toluca Lake areas, and we believe members will find the new branch locations convenient and accessible.
“Construction of our new headquarters facility will take up to three years, and we will remain in our current Burbank headquarters until that time,” the statement continued. “As mentioned, the Burbank Branch will relocate within the next year, and we will provide routine updates on those plans, so members know what to expect.
The credit union was founded as Lockheed Aircraft Employees Federal Credit Union in 1937.