First Entertainment Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
5.00%	Reward Savings	First500 Savings 0.86% - National Average
1.70%	5-year CD	5 Year Term Account 2.50% - Ally Bank High Yield 5 Year CD
0.70%	1-year CD	1 year Term Account 2.10% - Goldman Sachs Bank USA High-yield 12 Month CD

View all First Entertainment Credit Union rates »

Overview / Commentary

www.firstent.org

888-800-3328

6735 Forest Lawn Dr
Hollywood, CA 90068

First Entertainment Credit Union is headquartered in Hollywood and is the 31^st largest credit union in the state of California. It is also the 187^th largest credit union in the nation. It was established in 1967 and as of December of 2017, it had grown to 200 employees and 78,121 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

First Entertainment Federal Credit Union -- Good Service

Posted by: me1004 | Jun 18, 2010

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.

Comment

3

Average Service

Posted by: calisaver | Apr 22, 2013

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.

Comment

2

First Entertainment

Posted by: barbyann | Jun 3, 2012

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.

Comment

3

Health

A

Data as of Q4 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #	68373
Year Chartered	1967
Employees	200
Primary Regulator

Profit Margin
Return on Assets - YTD	0.44%
Return on Equity - YTD	5.3%
Annual Interest Income	$44.4MM

Assets and Liabilities
Assets	Q4 2017vs Q4 2016	$1.46B$1.36B
Loans	Q4 2017vs Q4 2016	$857.3MM$783.9MM
Deposits	Q4 2017vs Q4 2016	$1.32B$1.23B
Equity Capital	Q4 2017vs Q4 2016	$120.2MM$116.8MM
Loan Loss Allowance	Q4 2017vs Q4 2016	$15.5MM$13.5MM
Unbacked Noncurrent Loans	Q4 2017vs Q4 2016	$5.7MM$6.5MM
Real Estate Owned	Q4 2017vs Q4 2016	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* 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
5.00%^*	-	$500	First500 Savings
OTHER TIERS: 0.10% → $500+
5.00%^*	-	$500	First500 Youth Savings
OTHER TIERS: 0.10% → $500+
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

First Entertainment Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
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
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
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

Locations

Cities: Burbank, Culver City, Encino, Hollywood, Los Angeles, Santa Clarita, Santa Monica, Studio City

Burbank Branches
Branch Office	4000 Warner Blvd	Burbank, CA 91522-0001
Branch Office	2520 W Olive Ave	Burbank, CA 91505-4527

Culver City Branches
Branch Office	11052 Washington Blvd	Culver City, CA 90232-3923

Encino Branches
Branch Office	17656 Ventura Blvd	Encino, CA 91316

Hollywood Branches
Branch Office	6735 Forest Lawn Dr	Hollywood, CA 90068

Los Angeles Branches
Branch Office	5555 Melrose Ave	Los Angeles, CA 90038-3989
Branch Office	5750 Wilshire Blvd Ste 140	Los Angeles, CA 90036

Santa Clarita Branches
Branch Office	25828 McBean Pkwy	Santa Clarita, CA 91355

Santa Monica Branches
Branch Office	2425 Colorado Ave Suite 208	Santa Monica, CA 90404

Studio City Branches
Branch Office	4067 Laurel Canyon Blvd	Studio City, CA 91604-2016

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