Reinvesting In Your Workforce: A Logix FCU Case Study

The SCVEDC promotes policies, programs, and activities that seek to create and retain high-quality jobs, ultimately facilitating economic growth. We regularly work with community partners, educational institutions, and local businesses (like you) to facilitate workforce development efforts and programs.
One of these great programs is the Employment Training Panel (ETP). ETP provides businesses with little to no cost, subsidized training programs that are specifically tailored to increase efficiencies, enhance productivity, and improve your teams’ capabilities. In partnership with College of the Canyons’ Employee Training Institute (ETI), we’ve worked with several SCV companies who’ve benefited from ETP, like Logix Federal Credit Union.
Logix Federal Credit Union provides a shining example of how a cultural commitment to employee training and career development delivers stunning results: improved morale, employee retention, and promotional advancements. In a time where businesses both large and small struggle to retain and attract needed talent, Logix has found that investing in their own employees delivers bottom-line results. Though training programs cost time and money, Logix has tapped into a wealth of financial support through state-subsidized training pathways, available through resources right here in the Santa Clarita Valley.
SCVEDC’s own business assistance efforts have been a critical component of facilitating workforce development for local employers, connecting them to such resources and funding delivered through the College of the Canyons Employee Training Institute. In the first of our workforce development case studies, we showcase Logix Federal Credit Union and how they are actively reinvesting in their employees while being reimbursed through the state of California’s Employee Training Panel funding.
Logix Federal Credit Union’s impressive 87-year history and explosive growth leading to over 210,000 members, over $9 billion in assets, and its status as Los Angeles County’s largest credit union did not happen by chance. Logix’s success is partly rooted in how it approaches one of its foundational cultural tenets aimed at Logixians (its team members) growth and development, inclusive of internal mobility opportunities. Christina Flores, Logix’s Chief Human Resources Officer, SVP, said it best, “Our people feel invested in and cared for. We want to provide meaningful work and opportunities for growth (economically as well).”
The executive leadership team itself represents Logix’s commitment in action to investment in and promotion of its people; Chief Executive Officer, Ana Fonseca, started her career there as an Accounting Representative; Chief Administrative Officer, EVP, Kevin Rishko, began his career there as a Financial Services Officer; Chief Legal  Officer, EVP, Nick Mitchell, started his career there as a Training Coordinator; and SVP Real Estate & Consumer Lending & Business Intelligence Implementation, Mike Ishkhanian, launched his career there as a Branch Teller.
For more information about ETP and other workforce development resources, email Ondre Seltzer at ondreseltzer@scvedc.org.
The Santa Clarita Valley Economic Development Corp. is a unique private/public partnership representing the united effort of regional industry and government leaders. The SCVEDC utilizes an integrated approach to attracting, retaining, and expanding a diversity of businesses in the Santa Clarita Valley, especially those in key industry clusters, by offering competitive business services and other resources. For more information, visit SCVEDC.org.

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