BURBANK, Calif., July 02, 2018 (GLOBE NEWSWIRE) -- Logix Federal Credit Union was named by Forbes as the best credit union in California on June 28, and also outpaced the top-rated bank in the state.

Forbes partnered with Statista, a market research firm, to survey more than 25,000 financial institution customers. According to Forbes, financial institutions were rated on overall recommendations and satisfaction, as well as five sub-dimensions (trust, terms and conditions, branch services, digital services and financial advice).

“We’re so proud of this recognition from Forbes, based on the publisher’s reputation, the objective criteria used in their analysis, and the results that validate our efforts to help Logix members thrive,” President and CEO Dave Styler said. “More than two-thirds of our new members are referred to us by family and friends of existing members, and this honor confirms their confidence in Logix.”

The Forbes article notes that banking is competitive in states with higher populations, such as California, New York and Texas. Merely 269 banks and credit unions made the final cut, representing only 2.4 percent of total U.S. financial institutions.

As a result of industry-leading service and excellent loan and savings rates, Logix membership has nearly doubled in the last seven years. A strong culture focused on core values such as “Integrity, Humility, Fun and Service” has contributed to equally strong growth in employees – the credit union now has nearly 700 employees and has outgrown its Burbank headquarters.

“With strong membership growth, Logix continues to hire high-quality candidates to fill jobs that provide members with the world-class service they’ve come to expect,” Executive Vice President Andrea Carpenter said. “To accommodate those employees, we’re building a new state-of-the-art headquarters.”

To view the full article, please visit https://www.forbes.com/best-in-state-credit-unions/list.

About Logix
Chartered in 1937, Logix Federal Credit Union offers a full menu of financial services, and surcharge-free access to 30,000 ATMs nationwide. Logix Federal Credit Union is rated “superior” for financial strength, and is the largest credit union headquartered in Los Angeles County, with more than 190,000 members and nearly $5.7 billion in assets. Logix operates 15 branches in Los Angeles and Ventura counties.

Logix has been voted “Best Credit Union” by readers of the Santa Clarita Valley’s “The Signal” for 12 consecutive years, and “Best Credit Union/Bank” in the Los Angeles Times Readers’ Choice awards. In 2010, 2011, 2013, and 2015, the credit union was named one of Los Angeles Business Journal’s best places to work. Savings are federally insured by the National Credit Union Administration, a U.S. Government Agency. Logix is an equal housing lender. For more information, visit www.lfcu.com.

Media Contact:
Alethia Calagias
Logix Federal Credit Union
818-565-2520 (office)
acalagias@lfcu.com