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  • Logix Federal Credit Union announced Thursday that, for the fourth consecutive year, it has been awarded on the Forbes list of America’s Best-In-State Credit Unions 2021. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on June 24 and can be viewed at America’s Best Credit Unions In Each State 2021.

    Forbes and Statista identified America’s Best-In-State Credit Unions 2021 based on an independent survey of approximately 25,000 U.S. consumers who were asked to rate credit unions at which they have or previously have had checking accounts. Participants made recommendations regarding overall satisfaction. They also assessed banks in the following areas: trust, terms and conditions, branch services, digital services, customer service, and financial advice.

    Based on the results of the study, Logix staff is ecstatic to be recognized on the Forbes list of America’s Best-In-State Credit Unions 2021. Logix members continue to vote the credit union best, as Logix is one of two credit unions in the entire state honored with this award for four consecutive years.

    “We’re fortunate to have the best members,” said Kevin Rishko, SVP of Retail Banking and Loan Centers. “Year over year, they vote Logix as their preferred financial institution with surveys and by referring
    friends and family. We are grateful to have their support.”

    Forbes ranked Logix near the top in scores for most trusted credit unions, and for being a financial institution members would recommend to their friends. Logix CEO Ana Fonseca shared her gratitude for member support.

    “Attaining this recognition during normal times is commendable, but the fact that we’ve achieved it during the most challenging time in our history demonstrates our commitment to helping our members thrive even during the most difficult times.”

    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 215,000 members and $8 billion in assets. Logix operates 18 branches in Los Angeles and Ventura counties. Federally insured by NCUA. Logix is an Equal Housing Lending. NMLS ID 503781. For more information, visit

  • 16 Jun 2021 by Vance Wealth

    At Vance Wealth, we believe financial planning should empower you to achieve what matters most. Our thoughtful process is designed to help you stay the course when things are working, and embrace change when it’s needed to forge a path to something greater.

    For business owners, this includes a financial plan for your company that’s as comprehensive as your personal plan – and it all starts with four best practices that set up every business for success.

    “One of the first things we do for our business owners is look at the foundation of their business planning,” explained John Vance. “Often, our initial goal is to help create some confidence and clarity, and there are four key areas that help us establish this.”


    1. Build cash reserves.

    First, we focus on building cash reserves for at least six months. Over time, we build this up to two years of cash reserves. To establish this vital safety net, we pull from various sources:

    • Bank reserves
    • A business line of credit
    • Personal investments that can be used as collateral, in an emergency


    1. Manage your accounts receivable.

    One of the areas businesses often look past is their accounts receivable, but having too much cash tied up in accounts receivable can really crush a company. Here are a few simple strategies to correct an imbalance:

    • Collection periods should be shortened to less than 30 days.
    • If needed, implement a retainer, especially in service- based businesses.
    • Have an attorney properly draft all your contracts and agreements.


    1. Establish an emergency plan.

    As the business owner, you carry the weight of your company’s operations on your shoulders every day. But what would happen if something happened to you? Creating an emergency plan gives you the confidence that things will be taken care of, according to your wishes, no matter what. Here are a few steps to implement a solid emergency plan:

    • Fund a buy/sell agreement: a legally binding document that permits your business to continue operating in the event of the death, disability or retirement of the business owner.
    • Make sure everything is properly documented with your attorney.
    • Gather all your legal documents in a protected yet accessible place, and have a plan for who will access them in the event of an emergency.


    1. Develop an exit strategy.

    Finally, it’s important to develop an exit plan for your business. This is where your personal financial plan really comes into focus. Ask yourself: How much is enough for me and my family? What are my goals, and how much do I need to get me there? Your exit plan should include:

    • Your minimum dollar amount for the sale of your business
    • How to continue the legacy of your business with employees and customers
    • Other wishes and goals you hope to achieve


    • Are ready to take the steps needed within your business? To book a complimentary consultation with one of our Wealth Advisers, We would love to help you achieve more.

  • On June 22nd at 1:00pm executives are invited to participate in an interactive online workshop presented by experts in the fields of cyber-security and cyber insurance. The session will focus on securing the remote workforce and home office and promote an understanding of how cyber insurance fits into an overall cyber security strategy. Participants can register at

    LBW Insurance and Financial Services and the Pepperdine Graziado School of Business are partnering to bring this executive education opportunity to the business community. Three cyber specialists will present the program. The first is the Deputy Chief Information Security Officer for the County of Los Angeles, Jeffrey Aquilar, MBA, CISM, CRISC, CDPSE. Second is Howard Miller, CRM, who is the director of the Tech Secure® division of LBW Insurance and Financial Services. The third industry expert is Charla Griffy-Brown, PhD, a professor of Information Systems and Technology Management at Pepperdine’s Graziadio Business School.

    Participating executives will be updated on today's cyber threat environment and what they need to know to be better protected. The first portion of the workshop will include briefs from the three industry specialists and the remainder of the session will be a customized interactive learning experience. The program will offer a risk-based approach to cyber insurance and how to implement cyber insurance as part of an overall strategy. Participants will also learn steps to secure today's remote workforce, especially focusing on securing the home office.

    This 90-minute online workshop is for Board and Executive leadership and is designed to educate and reinforce the tools needed to sustain organizations in an emerging post pandemic cybercrime environment.

    About LBW Insurance and Financial Services

    Founded in 1922, LBW Insurance and Financial Services provides Property & Casualty, Life, Health, Long Term Care and Disability insurance as well as a complete range of financial services for both businesses and individuals. Headquartered in Valencia, the firm is licensed in all 50 states and is appointed with more than 100 insurance carriers.

    About Pepperdine University Graziadio Business School

    For more than 50 years, the Pepperdine Graziadio Business School has challenged individuals to think boldly and drive meaningful change within their industries and communities. Dedicated to developing Best for the World Leaders, the Graziadio School offers a comprehensive range of MBA, MS, executive, and doctoral degree programs grounded in integrity, innovation, and entrepreneurship. The Graziadio School advances experiential learning through small classes with distinguished faculty that stimulate critical thinking and meaningful connection, inspiring students and working professionals to realize their greatest potential as values-centered leaders.