2025 Annual Meeting Notice

The Annual Meeting of the Logix Federal Credit Union will be held on Thursday, April 24, 2025, at 5:00 p.m. PST at the Credit Union’s main office, 27918 Franklin Parkway, Valencia, California 91355.

Below are links to Logix's 2025 meeting agenda and 2024 Audited Financial Statements:

2025 Annual Meeting Agenda
2025 Annual Meeting – Chairman’s Report Coming soon
2025 Annual Meeting – Treasurer’s Report Coming soon
2025 Annual Meeting – Supervisory Committee Chair’s Report Coming soon
2024 Annual Meeting Minutes Coming soon
2024 Audited Financial Statements Coming soon

At this meeting, reports will be given by Chairman D. Thies; Treasurer L. Franklin; and Supervisory Committee Chairperson M. Needham. Election results for the Board of Directors will also be announced.

A list of Members who have been nominated by the Nominating Committee as candidates for the Board of Directors along with a brief statement of their qualifications and biographical data are included below. All candidates have indicated their willingness to serve in the office for which they have been nominated.

In accordance with the Bylaws of the Credit Union, nominations for vacancies may also be made by petition and signed by no less than 500 Members. Petition forms may be obtained by calling or writing to the main Credit Union office, P.O. Box 4070, Castaic, California 91310-4070. There will be no nominations from the floor.

Each nominee by petition shall submit a statement of qualifications and biographical data with the petition, together with a signed certificate stating they are agreeable to nomination and will serve if elected to office. Petitions must be received by the secretary of the Credit Union, in care of LFCU, P.O. Box 4070, Castaic, California 91310-4070, with a postmark no later than Friday, March 14, 2025.

Ballots will be mailed or e-mailed to all Members eligible to vote at least 30 days prior to the Annual Meeting, provided sufficient nominations have been made by the Nominating Committee or by petition to provide more than one nominee for any position to be filled. All elections will be determined by plurality vote and shall be by mail or electronic ballot except where there is only one nominee for each position. In this event, the election will not be conducted by ballot and there will be no nominations from the floor. The chair will declare each nominee’s election by acclamation or general consent at the Annual Meeting.

Nominating Committee Nominees

STEPHEN E. CHAUDET

Stephen joined Lockheed-California Company as a Community Relations Representative in 1968 and subsequently advanced through a number of key divisional and corporate positions in Communications and Public Affairs. Included in those positions were assignments working directly for the corporation’s president and four years as Manager of Public Affairs for Lockheed’s Washington office. He was appointed Vice President-Public Affairs for Lockheed Corporation in 1985 after having served as Director of Public Affairs for the corporation since 1979. Stephen’s professional public relations and governmental experience began in 1961 when he worked for the United States Congress. Following the Lockheed Martin merger, Stephen was appointed Vice President-State and Local Government Affairs and PAC Operations from the Corporation’s Washington office.

Stephen holds a Bachelor’s Degree from San Francisco State University, a Master’s Degree in Public Administration from the University of Southern California and a Master’s Degree in Business Administration from Pepperdine University. He is also a graduate of the Stanford Executive Program at the Stanford Graduate School of Business.

He was appointed to the Lockheed Federal Credit Union Board of Directors in 1993 and previously served on the Board from 1973 to 1976. Since the organization changed its name to Logix in 2012, Stephen has served twice as board chair and currently serves as secretary to the board. He sits on the Executive, Finance, Management Development & Compensation, and Governance Committees.

LYNETTE D. FRANKLIN

Lynette retired as the Sr. Manager in the Quality Audit and Integration organization at Lockheed Martin Aeronautics Company (AERO) in Fort Worth, Texas. In this role, she was responsible for leading the team that performs Quality and Environmental management system audits. In her previous role at AERO, she was a Project Lead in the Quality and Mission Success organization in Fort Worth. Prior to her assignments in Fort Worth, she was Deputy Program Manager for the U-2 program, in Palmdale, California.

Lynette began her professional career in 1980, as an internal auditor at First Interstate Bank, and in 1982 she worked for Litton Industries as a financial analyst. She joined Lockheed Martin in 1986 and became the Manager of Internal Audit during which time she was responsible for audit coverage in Southern California, as well as parts of Europe and Asia. While at Lockheed Martin, Lynette held positions as a Business Manager, Cost Accounting Manager and Process Integrity Sr. Manager. Lynette earned a Bachelor of Science Degree in Accounting and Master of Business Administration, from California State University, Northridge, in 1980 and 2003, respectively. In November 1995, she earned the designation of Certified Internal Auditor.

Over the years, Lynette has volunteered in various activities to support local schools and community events. She has served on several boards, including the Harvest Community Church Board, and has served as the chairperson for the Logix Supervisory Committee, the Logix Board of Directors, the Lockheed Martin Diversity Council as well as the Board of Managers for the Antelope Valley Family YMCA. Recently she served as the President of the Arthouse Homeowners Association. Lynette is also active in church activities and has served in the nursery/Sunday School, singing on the Sunday morning Worship Team and choir, along with participating in many other service events.

Lynette currently serves as the Treasurer of the Board of Directors for Logix and sits on the Executive, Management Development & Compensation and Enterprise Risk Management Committees.

DAVID L. THIES

David retired as the Senior Manager of Finance for the Skunk Works®, a principal research and development center for Lockheed Martin. David also previously served as the Senior Manager for Program Finance, the Senior Business Manager for Engineering and Advanced Systems and in a variety of other managerial capacities in functional finance.

He graduated Summa Cum Laude in Economics from Pepperdine University and from a management program at the University of Southern California. He is also an instructor and a financial advisor to other community non-profit organizations.

David joined the LFCU Supervisory Committee in 2007, serving two terms as its Chairman, and was appointed to the Board of Directors in 2014. He currently serves as Chairman of the Board and sits on the Executive, Finance and Enterprise Risk Management Committees.