First Entertainment Credit Union Fka Credit Unions In The State Of Ca

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 952513485 ✦ Hollywood, CA ✦ Designated as a 501(c)(14)

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 not tax deductible.

Here 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):

    Lisa Landt Former (Former President/Ceo)
  • Compensation: $1,195,277
  • Related: $0
  • Other: $35,724

    • Stephen Owen (President/Ceo)
  • Compensation: $544,154
  • Related: $0
  • Other: $20,767

    • Adriana Allison (Svp/Cxo)
  • Compensation: $434,759
  • Related: $0
  • Other: $45,661

    • Thomas E Orman (Svp/Clo)
  • Compensation: $370,927
  • Related: $0
  • Other: $22,924

    • Kenneth Kramer (Svp/Cfo)
  • Compensation: $345,510
  • Related: $0
  • Other: $35,724

    • Nas Birmingham Former (Vp Digital Product & Business Systems)
  • Compensation: $286,059
  • Related: $0
  • Other: $30,935

    • Matthew A Kennedy (Comm Business Development Officer)
  • Compensation: $266,403
  • Related: $0
  • Other: $47,441

    • William H Walker (Vp Real Estate Lending)
  • Compensation: $280,455
  • Related: $0
  • Other: $32,878

    • James Marcellino (Vp Operations)
  • Compensation: $264,013
  • Related: $0
  • Other: $28,899

    • Jennifer Jordan (Vp Risk Management & General Counsel)
  • Compensation: $235,689
  • Related: $0
  • Other: $7,108

    • Jonathan Partridge (Svp/Cio)
  • Compensation: $165,628
  • Related: $0
  • Other: $4,141

    • Charles Bruen (Interm President/Ceo)
  • Compensation: $163,931
  • Related: $0
  • Other: $0

    • Howard Welinsky (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephen Raynes (Board Vice-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Irwin Jacobson (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patrick Walters (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gari Ann Douglass (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sakae Manning (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeff Mirkin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Edwards (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ted Schilowitz (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laura Valan (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Herr (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • 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?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    First Entertainment Credit Union, formerly known as Credit Unions in the state of CA, has a significant impact on its members by promoting thrift and savings among them. The credit union offers a variety of savings programs, including checking accounts, money market accounts, term savings certificates, and IRAs. Additionally, it provides business checking and money market accounts to its members.

    Through its cooperative structure, First Entertainment Credit Union aims to create a source of credit for its members at competitive interest rates set by the board of directors. By enabling its members to use and control their own money democratically, the credit union helps improve their economic and social conditions.

    Operating for the mutual benefit and general welfare of its members, First Entertainment Credit Union distributes its earnings, savings, benefits, or services to its members as patrons. This commitment to serving its members underscores the credit union's mission to enhance financial well-being and empower individuals to manage their finances effectively.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Stephen Owen

    Main Address

    6735 FOREST LAWN DRIVE 300, HOLLYWOOD, CA, 90068

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of First Entertainment Credit Union Fka Credit Unions In The State Of Ca and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.