HOLLYWOOD, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FIRST ENTERTAINMENT CREDIT UNION FKA CREDIT UNIONS IN THE STATE OF CA, founded in 1967, is a major nonprofit that reported $100.3M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $87.7M left a modest 13% surplus.
FIRST ENTERTAINMENT CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, FIRST ENTERTAINMENT CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.
FIRST ENTERTAINMENT CREDIT UNION OFFERS ITS MEMBERS A VARIETY OF SAVINGS PROGRAMS INCLUDING CHECKING ACCOUNTS, MONEY MARKET ACCOUNTS, TERM SAVINGS CERTIFICATES, AND IRAS. ADDITIONALLY, THE CREDIT...
FIRST ENTERTAINMENT CREDIT UNION OFFERS ITS MEMBERS A VARIETY OF SAVINGS PROGRAMS INCLUDING CHECKING ACCOUNTS, MONEY MARKET ACCOUNTS, TERM SAVINGS CERTIFICATES, AND IRAS. ADDITIONALLY, THE CREDIT UNION OFFERS BUSINESS CHECKING AND MONEY MARKET ACCOUNTS.
FIRST ENTERTAINMENT CREDIT UNION MEMBERS HAVE ACCESS TO A VARIETY OF LOAN PRODUCTS INCLUDING PERSONAL AND AUTO LOANS AND A COMPREHENSIVE PORTFOLIO OF REAL ESTATE LOANS. ADDITIONALLY, THE CREDIT UNION...
FIRST ENTERTAINMENT CREDIT UNION MEMBERS HAVE ACCESS TO A VARIETY OF LOAN PRODUCTS INCLUDING PERSONAL AND AUTO LOANS AND A COMPREHENSIVE PORTFOLIO OF REAL ESTATE LOANS. ADDITIONALLY, THE CREDIT UNION OFFERS A COMPLETE SUITE OF COMMERCIAL REAL ESTATE AS WELL AS COMMERCIAL AND INDUSTRIAL LOANS TO SERVICE BUSINESS LENDING NEEDS.
FIRST ENTERTAINMENT CREDIT UNION MEMBERS ENJOY FREE ONLINE ACCOUNT ACCESS AS WELL AS A VARIETY OF ADDITIONAL MEMBER-ONLY BENEFITS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $100,298,881 | $79,392,811 | +0.3% |
| Expenses | $87,655,388 | $61,630,121 | +0.4% |
| Net Income | $12,643,493 | $17,762,690 | -0.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| PATRICK WALTERS | BOARD CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN RAYNES | BOARD VICE-CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURA VALAN | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| IRWIN JACOBSON | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| HOWARD WELINSKY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GARI ANN DOUGLASS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SAKAE MANNING | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFF MIRKIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL EDWARDS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TED SCHILOWITZ | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES HERR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN OWEN | PRESIDENT/CEO | 40.00 |
Officer
|
$824,765 | $33,796 | $858,561 |
| KENNETH KRAMER | SVP/CFO | 40.00 |
Officer
|
$423,640 | $45,342 | $468,982 |
| ADRIANA ALLISON | SVP/CXO | 40.00 |
Key Emp
|
$389,440 | $59,730 | $449,170 |
| JONATHAN PARTRIDGE | EVP/CHIEF STRATEGY OFFICER | 40.00 |
Key Emp
|
$329,660 | $17,512 | $347,172 |
| MOLLY HOLCOMB | SVP/CHIEF MARKETING OFFICER | 40.00 |
Key Emp
|
$317,367 | $10,911 | $328,278 |
| JENNIFER JORDAN | SVP/CHIEF RISK OFFICER | 40.00 |
Key Emp
|
$299,654 | $7,641 | $307,295 |
| JANET KWON-GASPARD | SVP/CHIEF PEOPLE OFFICER | 40.00 |
Key Emp
|
$285,991 | $35,487 | $321,478 |
| THOMAS E ORMAN | SVP/CLO | 40.00 |
Key Emp
|
$275,270 | $13,886 | $289,156 |
| JAMES MARCELLINO | VP FACILITIES | 40.00 |
Key Emp
|
$734,586 | $27,835 | $762,421 |
| WILLIAM H WALKER | VP REAL ESTATE LENDING | 40.00 |
Highest
|
$295,243 | $40,128 | $335,371 |
| SHANNON LEITCH | VP COMMERCIAL & REAL ESTATE LENDING | 40.00 |
Highest
|
$267,025 | $7,931 | $274,956 |
| IRINA ABRAMOVA | VP INFORMATION TECHNOLOGY | 40.00 |
Highest
|
$261,936 | $23,525 | $285,461 |
| DANIEL ARITA | VP STRATEGY | 40.00 |
Highest
|
$251,254 | $25,369 | $276,623 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $100,298,881 | $87,655,388 | $2,209,711,281 | $12,643,493 |
| 2022 | $79,392,811 | $61,630,121 | $2,110,364,195 | $17,762,690 |
| 2021 | $73,701,401 | $56,522,507 | $2,107,643,635 | $17,178,894 |
| 2020 | $71,658,881 | $72,484,074 | $1,891,651,990 | $-825,193 |
| 2019 | $74,614,338 | $61,947,898 | $1,613,755,239 | $12,666,440 |
| 2018 | $66,029,396 | $52,285,341 | $1,525,870,785 | $13,744,055 |
Compare FIRST ENTERTAINMENT CREDIT UNION FKA CREDIT UNIONS IN THE STATE OF CA with other nonprofits in California and across the country.