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Our History

Entertainment Focused - 50+ Years and Counting

The premier financial institution for creators and supporters of entertainment.

In 1967, employees of Warner Bros. Studios founded Warner Seven Federal Credit Union with only $40. In 1970, our name was changed to Warner Bros. Employees Federal Credit Union, and following a merger with the Columbia (Studios) Employees Credit Union in 1973, we became the Columbia/Warner Bros. Employees Federal Credit Union.

In 1984, we changed our name, once again, to First Entertainment Federal Credit Union, to serve the broader entertainment community. In subsequent years the credit union merged with Golden West Broadcasters Federal Credit Union (KTLA) and the Screenland/MGM Employees Credit Union, helping the credit union to nearly double its assets from $40 million to $73 million!

First Entertainment continued its growth with additional mergers including:  A&M Records Employees Federal Credit Union in 1993; Six Flags Employees Federal Credit Union in 1998; Las Vegas Credit Union in 1999; and, in 2003 Paramount Studios Employees Credit Union. In the late 90's we changed our charter and shortened our name to First Entertainment Credit Union. By the end of 2002, we grew to $400+ million in assets!

As of 2019, First Entertainment Credit Union manages over $1.5 billion in assets, serves more than 83,000 members, and partners with 400+ companies, guilds, unions & community/industry organizations. Our team of 240+ employees, serve our members through our branches which are spread throughout the Los Angeles area (plus thousands of Shared Branching locations), access to 30,000+ ATMs, and via our online and mobile banking channels.

Combining strength, safety and growth, today First Entertainment is the premier financial resource for those in the entertainment community.

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