LOS ANGELES– First Entertainment Credit Union reported it has surpassed $2 billion in assets.
Driving asset growth, the credit union said, is a $1.7 million investment in technology, as well as product and service enhancements during 2020 and the first half of 2021.
“Our members’ needs are always our first priority,” said Lisa Landt, president and CEO. “Providing secure and convenient access, and an excellent member experience was essential to helping them through a challenging year, so we prioritized initiatives to help make their lives easier.
“We strive to become the lifetime credit union for our members and their families, which is why we put them at the heart of everything we do.”
First Entertainment Credit Union ended 2020 with $1.89 billion in assets and membership growth of more than 3.0%, totaling nearly 90,000 members. In the first quarter of 2021, the credit inion launched modern and affordable products for members, including the first ever cash back credit card, resulting in a 51% YoY increase in credit card transactions.