ALEXANDRIA, Va. – NCUA reported this morning it approved a request from Logix FCU, the former Lockheed Employees FCU, to serve 325,000 members of the California Teachers Association, putting the $3.3 billion credit union in new competition with numerous educational credit unions.

The credit union giant was chartered in 1937 to serve employees of the aircraft manufacturer and changed its name in May to Logix to encourage a broader membership.

The credit union currently serves hundreds of select groups and has more than 300,000 members.

Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.