First Entertainment Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.70% | 5-year CD | 5 Year Term Account 2.35% - Synchrony Bank 60 Month CD |
| 0.70% | 1-year CD | 1 year Term Account 1.40% - Synchrony Bank 12 Month CD |
| 0.10% | Savings | Secondary Savings |
First Entertainment Credit Union is headquartered in Hollywood and is the 30th largest credit union in the state of California. It is also the 184th largest credit union in the nation. It was established in 1967 and as of March of 2017, it had grown to 185 employees and 75,358 members at 10 locations. First Entertainment Credit Union 's money market rates are 14% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in First Entertainment Credit Union is open to those who live, work, worship or attend school in Los Angeles County, California and to employees and retirees of companies served by First Entertainment.
See current membership details
Related Posts
9/13/09 - 2.29% 18-Month CD & 2.09% 12-Month CD at First Entertainment Credit Union in California - Local Only
2/6/09 - 3.25% 12-Month CD at First Entertainment Credit Union in Los Angeles
5/31/08 - 3.70% 7-Month CD at a CA/NY Credit Union - plus a Savings Account Promo (First Entertainment).
5/13/08 - 5.05% 9-Month CD at a CA/NY Credit Union (First Entertainment).
8/7/07 - 5.60% 7-Month CD at a Los Angeles/New York CU (First Entertainment)
7/10/07 - 5.50% 3 to 60 Month CDs at a Los Angeles/New York CU (First Entertainment)
5/26/07 - 6.00% 8-Month CD at a Los Angeles/New York CU (First Entertainment).
First Entertainment Federal Credit Union -- Good Service
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.
Average Service
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.
First Entertainment
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.
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68373 |
| Year Chartered | 1967 |
| Employees | 185 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.57% |
| Return on Equity - YTD | -6.93% |
| Annual Interest Income | $10.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $1.41B$1.30B |
| Loans | Q1 2017vs Q1 2016 | $789.1MM$708.6MM |
| Deposits | Q1 2017vs Q1 2016 | $1.28B$1.16B |
| Equity Capital | Q1 2017vs Q1 2016 | $114.7MM$122.5MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $17.6MM$6.2MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $7.8MM$4.8MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not First Entertainment Credit Union ; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
First Entertainment Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 5.00% | - | - | First500 Savings | |
| 0.30% | - | - | Health Savings Account HSA | |
| 0.20% | - | - | Holiday Savings | |
| 0.20% | - | - | IRA Daily | |
| 0.10% | - | - | Secondary Savings | |
| 0.10% | - | - | Coogan (Youth) Account | |
| 0.10% | $250 | - | Business Savings | |
| 0.10% | - | - | First500 Savings Base Rate |
First Entertainment Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $100k* | - | Money Market Savings | ||
| OTHER TIERS: 0.20% → $2,500 - $25k | 0.30% → $25k - $50k | 0.40% → $50k - $100k | |||||
| 0.30%* | $100k* | - | Business Money Market Savings | ||
| OTHER TIERS: 0.10% → $2,500 - $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $100k | |||||
First Entertainment Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | - | - | Advantage Checking |
First Entertainment Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.70% | $1k | - | 5 Year Term Account | |
| 1.50% | $1k | - | 4 Year Term Account | |
| 1.45% | $1k | - | 3 Year Term Account | |
| 1.20% | $1k | - | 2 Year Term Account | |
| 0.70% | $1k | - | 1 year Term Account | |
| 0.50% | $1k | - | 6 Month Term Account |
First Entertainment Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.70% | $1k | - | 5 Year IRA Term Account | |
| 1.50% | $1k | - | 4 Year IRA Term Account | |
| 1.45% | $1k | - | 3 Year IRA Term Account | |
| 1.20% | $1k | - | 2 Year IRA Term Account | |
| 0.70% | $1k | - | 1 Year IRA Term Account | |
| 0.50% | $1k | - | 6 Month IRA Term Account |
| First Entertainment Credit Union Locations | ||
|---|---|---|
| Branch Office | 5555 Melrose Ave | Los Angeles, CA 90038-3989 |
| Branch Office | 6735 Forest Lawn Dr | Hollywood, CA 90068 |
| Branch Office | 10000 Washington Blvd | Culver City, CA 90232-2728 |
| Branch Office | 4000 Warner Blvd | Burbank, CA 91522-0001 |
| Branch Office | 4067 Laurel Canyon Blvd | Studio City, CA 91604-2016 |
| Branch Office | 5750 Wilshire Blvd Ste 140 | Los Angeles, CA 90036 |
| Branch Office | 2520 W Olive Ave | Burbank, CA 91505-4527 |
| Branch Office | 25828 McBean Pkwy | Santa Clarita, CA 91355 |
| Branch Office | 2425 Colorado Ave | Santa Monica, CA 90404 |
| Branch Office | 17656 Ventura Blvd | Encino, CA 91316 |