4 star ratingAverage User Rating:
4 star rating based on 1 review.

First Entertainment Credit Union

First Entertainment Credit Union Locations
Post Office Box 100
Hollywood, CA 90078
(888) 800-3328
www.firstent.org



First Entertainment Credit Union is headquartered in HOLLYWOOD and is the 36th largest credit union in the state of California. It is also the 212st largest credit union in the nation. It was established in 1967 and as of September of 2011, it had grown to 128 employees and 59,393 members. First Entertainment Credit Union 's money market rates are 70% higher than the national average, and it has a 4-star health rating.

Related Posts

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...

2.29% 18-Month CD & 2.09% 12-Month CD at First Entertainment Credit Union in California - Local Only - 9/13/2009

First Entertainment Credit Union is offering two special CDs with competitive rates: 2.09% APY for 12 months and 2.29% APY for 18 months. Minimum deposit is $1,000. This special is listed on the credit union's front page as of 9/13/09.First Entertainment...

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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

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5.00%-$500First500 Savings
5.00%-$500Coogan (Youth) Account
0.50%--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

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0.75%$100k-Titanium Money Market Savings
0.50%$25k$100kPremier Money Market Savings
0.20%$2,500$25kMoney Market Savings

First Entertainment Credit Union CD Rates

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1.25%$1k-5 Year Term Account
1.10%$1k-4 Year Term Account
1.00%$1k-3 Year Term Account
0.90%$1k-2 Year Term Account
0.65%$1k-1 year Term Account
0.30%$1k-6 Month Term Account

First Entertainment Credit Union IRA Rates

ApyMinMaxProduct
1.25%$1k-5 Year IRA Term Account
1.25%$1k-5 Year Roth IRA Term Account
1.25%$1k-5 Year CESA Term Account
1.10%$1k-4 Year IRA Term Account
1.10%$1k-4 Year Roth IRA Term Account
1.10%$1k-4 Year CESA Term Account
1.00%$1k-3 Year IRA Term Account
1.00%$1k-3 Year Roth IRA Term Account
1.00%$1k-3 Year CESA Term Account
0.90%$1k-2 Year IRA Term Account
0.90%$1k-2 Year Roth IRA Term Account
0.90%$1k-2 Year CESA Term Account
0.65%$1k-1 Year IRA Term Account
0.65%$1k-1 Year Roth IRA Term Account
0.65%$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: 2/11/2012

Data for Q3 2011


Institution Statistics


FIRST ENTERTAINMENT
NCUA #68373
BankRate ReportView
Year Established1967
Employees128
Primary Regulator

Assets and Liabilities

Assets$873.88 million
Loans$558.96 million
Deposits$785.77 million
Equity Capital$80.96 million
Loan Loss Allowance$10.13 million
Unbacked Noncurrent Loans$10.82 million
Real Estate Owned$2.42 million

Historic Data - September 2010

Assets$816.85 million
Equity Capital$73.34 million
Loan Loss Allowance$7.46 million
Unbacked Noncurrent Loans$5.88 million

Profit Margin - Quarterly

Net Interest Margin3.39%
Return on Assets0.66%
Return on Equity7.13%
Interest Income$25.69 million
Non-Interest Income$6.78 million

Institution Health


Overall Score:
4 out of 5
4
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 September 30, 2011 First Entertainment Credit Union had $13.24 million in non-current loans and owned real-estate with $91.09 million in equity and loan loss allowances on hand to cover it. This gives First Entertainment Credit Union a Texas Ratio of 14.53% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for First Entertainment Credit Union increased slightly from 7.27% as of September 30, 2010 to 14.53% as of September 30, 2011, resulting in a negative change of 99.75%. This indicates that the balance sheet and financial strength for First Entertainment Credit Union has declined slightly in recent periods.
Deposit Growth5
In the past year, First Entertainment Credit Union has increased its total deposits by $47.37 million, resulting in 6.42% 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 $873.88 million in assets with $91.09 million in equity, resulting in a capitalization level of 10.42%, which is above average.
Write Review

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.

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