Dec, 31, 2023 — FIRST ENTERTAINMENT CREDIT UNION is a federally insured state chartered credit union headquartered in HOLLYWOOD, CA with 8 branch locations and about $2.21 billion in total assets. Opened 57 years ago in 1967, FIRST ENTERTAINMENT CREDIT UNION has about 89,576 members and employs 226 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FIRST ENTERTAINMENT CREDIT UNION |
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Address: (Main Office) | 6735 Forest Lawn Dr HOLLYWOOD, CA 90068 |
Phone: | (888) 800-3328 |
Fax: | (323) 874-8775 |
Website: | https://www.firstent.org |
Branches: | 8 branch locations |
Members: | 89,576 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68373 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,209,711,281 |
CEO/Manager: | Stephen Owen |
Chairperson: | Patrick Walters |
ASSETS: | $ Amount |
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Cash & Equivalents | 72,877,026 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,162,941,881 |
Unsecured Loans | 129,027,017 |
Other Loans | 277,037,069 |
TOTAL LOANS | 1,569,005,967 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,074,998 |
Land And Building | 3,633,620 |
Other Fixed Assets | 2,038,357 |
NCUSIF Deposit | 18,470,100 |
All Other Assets | 105,217 |
TOTAL ASSETS | 2,209,711,281 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 260,000,000 |
Accounts Payable & Other Liabilities | 19,844,080 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 371,307,114 |
Regular shares | 566,319,245 |
All Other Shares & Deposits | 841,088,417 |
TOTAL SHARES & DEPOSITS | 1,778,714,776 |
TOTAL LIABILITIES | 2,058,787,845 |
Regular Reserve | 0 |
Other Reserves | -43,024,147 |
Undivided Earnings | 193,947,583 |
TOTAL EQUITY | 150,923,436 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,209,711,281 |
INCOME & EXPENSE | |
Loan Income | 69,577,499 |
Investment Income | 13,376,249 |
Other Income | 5,485,698 |
Total Employee Compensation & Benefits | 34,363,508 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 24,525,267 |
Non-operating Income & (Expense) | 362,456 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,469,735 |
Cost of Funds | 24,246,085 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 12,643,493 |
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