Overview
What is First Entertainment Credit Union Fka Credit Unions In The State Of Ca?
First Entertainment Credit Union, formerly known as Credit Unions in the State of Ca, is a cooperative financial institution located at 6735 Forest Lawn Drive 300 in Hollywood, California. Established with the primary purpose of promoting savings and thrift among its members, the credit union offers various savings programs like checking accounts, money market accounts, term savings certificates, IRAs, business checking, and money market accounts. Acting as a democratic financial cooperative, its earnings, savings, benefits, or services are distributed to its members for their mutual benefit and general welfare. By providing affordable credit and financial services, First Entertainment Credit Union aims to help improve the economic and social conditions of its members. The credit union currently employs 326 individuals.
Official website here: www.firstent.org
Is First Entertainment Credit Union Fka Credit Unions In The State Of Ca legitimate?
First Entertainment Credit Union Fka Credit Unions In The State Of Ca is a legitimate nonprofit organization registered as a 501(c)(14) entity. First Entertainment Credit Union Fka Credit Unions In The State Of Ca submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,552,805
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,043,509
For more financial information, click here
Official website here: www.firstent.org
What is the mission statement of First Entertainment Credit Union Fka Credit Unions In The State Of Ca?
First Entertainment Credit Union is a cooperative established to encourage savings among its members and provide them with affordable credit. The cooperative's primary goal is to improve the economic and social conditions of its members by promoting thrift and providing access to credit at rates determined by the board of directors. Members have the opportunity to democratically control their own money through the credit union. The business operates for the mutual benefit and general welfare of its members, with earnings, savings, benefits, or services being distributed back to them as patronage.
Official website here: www.firstent.org
Who is the CEO of First Entertainment Credit Union Fka Credit Unions In The State Of Ca?
Stephen Owen is the President/Ceo of First Entertainment Credit Union Fka Credit Unions In The State Of Ca. The CEO's salary of First Entertainment Credit Union Fka Credit Unions In The State Of Ca is $163,931 and their total compensation is $163,931.
Official website here: www.firstent.org
What is the revenue of First Entertainment Credit Union Fka Credit Unions In The State Of Ca?
First Entertainment Credit Union Fka Credit Unions In The State Of Ca's revenue in 2022 was $79,392,811.
Official website here: www.firstent.org
Who are the executives of First Entertainment Credit Union Fka Credit Unions In The State Of Ca and what are their salaries?
The average compensation at First Entertainment Credit Union Fka Credit Unions In The State Of Ca during 2022 was $78,516. There are 326 employees and 17 volunteers at First Entertainment Credit Union Fka Credit Unions In The State Of Ca.
Here are 23 key members and their salaries (First Entertainment Credit Union Fka Credit Unions In The State Of Ca's CEO's salary is $163,931 and their total compensation is $163,931):
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- Compensation: $544,154
- Related: $0
- Other: $20,767
- Compensation: $1,195,277
- Related: $0
- Other: $35,724
- Compensation: $163,931
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- Other: $0
- Compensation: $345,510
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- Other: $35,724
- Compensation: $434,759
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- Other: $45,661
- Compensation: $370,927
- Related: $0
- Other: $22,924
- Compensation: $165,628
- Related: $0
- Other: $4,141
- Compensation: $286,059
- Related: $0
- Other: $30,935
- Compensation: $280,455
- Related: $0
- Other: $32,878
- Compensation: $266,403
- Related: $0
- Other: $47,441
- Compensation: $264,013
- Related: $0
- Other: $28,899
- Compensation: $235,689
- Related: $0
- Other: $7,108
Official website here: www.firstent.org
Where can I find the form 990 for First Entertainment Credit Union Fka Credit Unions In The State Of Ca?
First Entertainment Credit Union Fka Credit Unions In The State Of Ca's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.firstent.org
Learn more at the official website: www.firstent.org
Mission Statement of First Entertainment Credit Union Fka Credit Unions In The State Of Ca
First Entertainment Credit Union, a cooperative organization, is dedicated to encouraging thrift and savings among its members. By pooling their resources, members of this credit union create a collective source of credit, with interest rates determined by the Board of Directors. This democratic system enables members to have control over their own money, thereby improving their economic and social conditions. As a cooperative, First Entertainment Credit Union operates with the mutual benefit and general welfare of its members in mind. The earnings, savings, benefits, or services of the credit union are distributed back to its members as patronage.
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Impact
October, 2024
First Entertainment Credit Union, formerly known as Credit Unions in the State of California, serves as a pivotal financial institution in Hollywood, CA, promoting thrift and savings among its members. By offering a diverse range of savings programs—including checking accounts, money market accounts, term savings certificates, and IRAs—it empowers individuals to manage their finances effectively.
The credit union creates a reliable source of credit for its members, establishing interest rates through democratic processes governed by its board of directors. This model not only facilitates access to necessary funds but also prioritizes the economic and social well-being of its members. The focus on cooperative principles ensures that the benefits, savings, and services generated by the credit union are shared among its members, fostering a sense of community and mutual support.
Through its commitment to improving financial literacy and offering tailored financial services, First Entertainment Credit Union enhances the economic stability of its community. This impact extends beyond individual members, contributing to the overall economic health and resilience of the region.
This information is meant to be a general summary of First Entertainment Credit Union Fka Credit Unions In The State Of Ca. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10,311,587
- Program Service Revenue: $68,803,190
- Gross Receipts: $79,577,972
Assets and Liabilities:
- Total Assets: $2,110,364,195
- Total Liabilities: $1,987,866,526
- Net Assets: $122,497,669
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$50,337,640
OTHER OPERATING INCOME
Revenue
$12,477,640
FEE INCOME
Revenue
$5,987,910
Organization Details
Founding Year
1967
Phone
(888) 800-3328Principal Officer
Stephen Owen
Main Address
6735 FOREST LAWN DRIVE 300, HOLLYWOOD, CA, 90068
Website
www.firstent.orgNTEE Category
Code: W60 - Public benefit
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