Sep, 30, 2025 — FIRST ENTERTAINMENT CREDIT UNION is a federally insured state chartered credit union headquartered in HOLLYWOOD, CA with 7 branch locations and about $2.06 billion in total assets. Opened 59 years ago in 1967, FIRST ENTERTAINMENT CREDIT UNION has about 85,219 members and employs 222 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 |
|---|---|
| Address: (Main Office) | 6735 Forest Lawn Dr HOLLYWOOD, CA 90068 |
| Phone: | (888) 800-3328 |
| Fax: | (323) 874-8775 |
| Website: | https://www.firstent.org |
| Branches: | 7 branch locations |
| Members: | 85,219 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68373 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,058,823,832 |
| CEO/Manager: | Stephen Owen |
| Chairperson: | Patrick Walters |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 45,655,172 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 250,000 |
| Real Estate Loans | 1,178,107,587 |
| Unsecured Loans | 112,771,605 |
| Other Loans | 149,024,028 |
| TOTAL LOANS | 1,439,903,220 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,988,631 |
| Land And Building | 3,326,810 |
| Other Fixed Assets | 2,333,219 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 16,504,317 |
| All Other Assets | 82,412 |
| TOTAL ASSETS | 2,058,823,832 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 200,000,000 |
| Accounts Payable & Other Liabilities | 12,447,720 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 383,845,617 |
| Regular shares | 602,073,187 |
| All Other Shares & Deposits | 671,820,002 |
| TOTAL SHARES & DEPOSITS | 1,657,738,806 |
| TOTAL LIABILITIES | 1,870,704,593 |
| Regular Reserve | 0 |
| Other Reserves | -18,992,698 |
| Undivided Earnings | 207,111,937 |
| TOTAL EQUITY | 188,119,239 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,058,823,832 |
| INCOME & EXPENSE | |
| Loan Income | 57,825,097 |
| Investment Income | 10,859,572 |
| Other Income | 4,332,374 |
| Total Employee Compensation & Benefits | 24,336,473 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 18,633,787 |
| Non-operating Income & (Expense) | -2,325 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,501,229 |
| Cost of Funds | 23,973,896 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,733,896 |
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