2.5 star ratingAverage User Rating:
2.5 star rating based on 3 reviews.

First Entertainment Credit Union

First Entertainment Credit Union Locations
6735 Forest Lawn Drive
Hollywood, CA 90078
(888) 800-3328
www.firstent.org

NCUA


First Entertainment Credit Union is headquartered in Hollywood and is the 35th largest credit union in the state of California. It is also the 194th largest credit union in the nation. It was established in 1967 and as of December of 2012, it had grown to 150 employees and 65,428 members. First Entertainment Credit Union has a 5-star health rating.

Related Posts

New 4-Month CD Special at First Entertainment CU - Los Angeles Metro Only - 12/17/2012

First Entertainment Credit Union is again offering a special 4-month CD. This is the same special as it offered last year at this time, except the rate is only half of what it was. Nevertheless, the r ...

4-Month CD Special at First Entertainment Credit Union in SoCal - Local Only - 12/26/2011

Short-term CD deals can often be more trouble than they're worth. But if the rate is high enough and there aren't hoops to jump through, it might be worthwhile. That may be the case with this CD speci ...

1.75% 11-Month CD at First Entertainment Credit Union in CA - Local Only - 3/12/2010

First Entertainment Credit Union is offering a fairly competitive CD special: 1.75% APY 11-month CD. Minimum deposit is $1,000, and new money is required. This special is listed in the credit union's ...

2.09% 18-Month CD & 3.00% 36-Month CD at First Entertainment Credit Union in CA - Local Only - 11/20/2009

Update 12/05/09: The CD specials have ended. Please check the credit union's website for the latest rates.First Entertainment Credit Union is offering another CD promotion with two competitive rates: 2.09% APY for 18 months and 3.00% APY for 3 years. The...

2009

2008

2007




See Rates for: Checking | Savings | Money Market | CD | IRA

First Entertainment Credit Union Checking Account Rates

ApyMinMaxProduct
0.10%--Advantage Checking

First Entertainment Credit Union Savings Account Rates

ApyMinMaxProduct
5.00%-$500First500 Savings
5.00%-$500Coogan (Youth) Account
0.40%--Health Savings Account HSA
0.20%--Holiday Savings
0.20%--IRA Daily
0.20%--Roth IRA Daily
0.20%--CESA Daily
0.15%--Secondary Savings

First Entertainment Credit Union Money Market Rates

ApyMinMaxProduct
0.60%$100k-Money Market Savings

First Entertainment Credit Union CD Rates

ApyMinMaxProduct
1.15%$1k-5 Year Term Account
1.00%$1k-4 Year Term Account
0.90%$1k-3 Year Term Account
0.80%$1k-2 Year Term Account
0.55%$1k-1 year Term Account
0.30%$1k-6 Month Term Account

First Entertainment Credit Union IRA Rates

ApyMinMaxProduct
1.15%$1k-5 Year IRA Term Account
1.15%$1k-5 Year Roth IRA Term Account
1.15%$1k-5 Year CESA Term Account
1.00%$1k-4 Year IRA Term Account
1.00%$1k-4 Year Roth IRA Term Account
1.00%$1k-4 Year CESA Term Account
0.90%$1k-3 Year IRA Term Account
0.90%$1k-3 Year Roth IRA Term Account
0.90%$1k-3 Year CESA Term Account
0.80%$1k-2 Year IRA Term Account
0.80%$1k-2 Year Roth IRA Term Account
0.80%$1k-2 Year CESA Term Account
0.55%$1k-1 Year IRA Term Account
0.55%$1k-1 Year Roth IRA Term Account
0.55%$1k-1 Year CESA Term Account
0.30%$1k-6 Month IRA Term Account
0.30%$1k-6 Month Roth IRA Term Account
0.30%$1k-6 Month CESA Term Account

Rates updated: 5/18/2013

Data for Q4 2012


Institution Statistics


FIRST ENTERTAINMENT
NCUA #68373
BankRate ReportView
Year Chartered1967
Employees150
Primary Regulator

Assets and Liabilities

Assets$1.01 billion
Loans$561.09 million
Deposits$907.97 million
Equity Capital$95.51 million
Loan Loss Allowance$8.28 million
Unbacked Noncurrent Loans$7.14 million
Real Estate Owned$1.23 million

Historic Data - December 2011

Assets$920.65 million
Equity Capital$83.98 million
Loan Loss Allowance$9.36 million
Unbacked Noncurrent Loans$12.84 million
Real Estate Owned$1.71 million

Profit Margin - Quarterly

Net Interest Margin4.29%
Return on Assets1%
Return on Equity10.63%
Interest Income$31.66 million
Non-Interest Income$13.05 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 First Entertainment Credit Union had $8.37 million in non-current loans and owned real-estate with $103.79 million in equity and loan loss allowances on hand to cover it. This gives First Entertainment Credit Union a Texas Ratio of 8.07% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for First Entertainment Credit Union decreased significantly from 15.58% as of December 31, 2011 to 8.07% as of December 31, 2012, resulting in a positive change of 48.24%.This indicates that the balance sheet and financial strength for First Entertainment Credit Union has improved significantly in recent periods.
Deposit Growth5
In the past year, First Entertainment Credit Union has increased its total deposits by $90.58 million, resulting in 11.08% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Entertainment Credit Union has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Entertainment Credit Union has $1.01 billion in assets with $103.79 million in equity, resulting in a capitalization level of 10.26%, which is above average.
Write Review

First Entertainment
1 stars - barbyann - Sunday, June 3, 2012 - 1:45 AM

We went to the Wilshire branch today to have money wired to our bank in France and a signature guarantee on a document.  I was told I need to come back for the guarantee - no one there to help - and after about 10 minutes of looking over the information for the wire transfer, the teller informed us that she couldn't do anything without a swift code so we need to come back for that too - so much for the special trip to the bank.  When I got home I googled swift code BNP and immediately found that it is also known as a BIC code. The BIC code is what we showed the teller on our wire instruction sheet from BNP but she was convinced that it needed to be a "swift" code, so we left.  

The tellers at First Entertainment seem to be lacking the most basic knowledge of how their bank (or any bank) functions. From the day we first set up our account 4 years ago, I have had concerns and it just keeps getting worse. I have gotten wrong or conflicting information every time I have tried to do anything other than a simple deposit or withdrawal

I am looking for another bank, any recommendations would be appreciated.

3

First Entertainment Federal Credit Union -- Good Service
4 stars - me1004 - Friday, June 18, 2010 - 2:50 PM

My experience with First Entertainment FCU in Hollywood was good. They were clear and informative about the products, fees, anything else they offer. I went into the branch to open my membership and to open a CD. All went smoothly. 

I note, they are part of the shared branch system under which various credit unions agree to let other credit union's members make transactions. I consider this a major benefit as it provides a lot more options all over the country to go to a branch to take care of some of your transactions. 

The only issue I have found with the shared branch system is some limits on withdrawals -- seems they normally won't let you withdrawal more than about $500 of cash -- and fees if you want your withdrawal in check form, which would be necessary for larger withdrawals. But I have found no limits or fees on deposits.

First Entertainment had good service in person and on the Internet. Their rates are not always very high, though, but every once in a while they have a good promotion to grab.

3

Average Service
2 stars - calisaver - Monday, April 22, 2013 - 1:04 AM

Their branch service is inconsistent and depends on which branch you use.  The Main Office and Studio City employees are rude and indifferent.  The Burbank and Encino staff are better trained and appear to be more interested in helping members.  Their phone service is inconsistent as well and depends on when you call.  After hours service is handled by an outside company and they are limited in what they can do.  I have a savings and loan with them.  The rates are average.  I use their Encino Branch to make deposits and withdrawals to another credit union I belong too as they participate in a share branching program. I have had no problems with the shared branching.  Every time I compare their services I find a better deal somewhere else.  I have kept the account because I have had it for years and joined when they were Columbia-Warner FCU.  They used to be a friendly place but not so these days.

 

2