First Entertainment Credit Union is a state-chartered natural person credit union. It operates as a cooperative financial institution, owned by its members, with the purpose of promoting thrift. Members can access competitively-priced credit, savings, and other financial services. If you are interested in joining a local credit union, here are some things to know. Listed below are some of the benefits and services offered by First Entertainment.
Many people have a First Entertainment Checking account. These accounts are designed for people who don’t have a checking account. They offer many features, including the ability to deposit checks, manage credit cards, and pay bills. They also allow you to send money to anyone in the US, and are subject to approval. In addition, you can receive alerts via SMS text, mobile push, or email when your account balance changes. You can even view your statement online, and find ATMs near you.
First Entertainment Credit Union’s online banking platform offers a number of services. One of them is a website. This site allows you to make payments online. Several branches are also available. In addition to offering competitive loans, First Entertainment CU has a wide range of other products and services. If you are looking for a credit union, you can start by visiting the official website. You can also find a branch location near you.
First Entertainment Credit Union was established in 1967 by Kenneth Mancebo. In its early days, it was called Warner Seven Federal Credit Union and had only $40 in assets. It was then renamed Warner Bros. Employees Federal Credit Union in 1970, and the name was changed to First Entertainment. Then, in 1973, it merged with Columbia (Studios) Employees CreditUnion to form First Entertainment CreditUnion.
Membership in First Entertainment Credit Union is open to all employees of the Hollywood studio. The credit union offers online account access, bill pay services, and mobile banking. The virtual branch is located in Hollywood. All of the CU’s locations are available to its members. There is also an online form for prospective members. It’s not uncommon for a movie company to apply for membership in a credit union. Its services and benefits are aimed at both new and existing customers.
The First Entertainment Visa card has built-in security features. The embedded chip technology encrypts transactions. It also allows you to temporarily block your card from being used by someone else. You can also receive travel notifications and account alerts through your card. You can set up an unlimited number of accounts, and add a debit line. This helps protect your finances. If you are on vacation, you can access your money wherever you are.
Besides traditional accounts, First Entertainment Credit Union also offers Coogan Accounts for children. These accounts are set up by law to protect child performers. They require that 15% of their gross earnings be saved and untouched until they reach the age of majority. This allows their parents and guardians to protect their children. They can even have children in their life. These policies are insured under the National Credit Union Act and insured by the NCUA.
While the First500 Savings Account is a member’s primary account, the other options are limited to the club. The minimum balance for opening the First500 Savings Account is $1, and the account must be active. There are other conditions, such as monthly activity limits and minimum balance. Among other benefits, a membership in the first500 savings account includes a 1.00% APY. Those with a high-yielding bank account should consider a Credit Union.
Family members can join the credit union through the family membership. A family member includes any blood relative, marriage partner, adoptive child, or domestic partner. The sponsoring member of the credit union has the privilege to make all necessary decisions for the other members. Once a person is in the credit union, the other family members are allowed to join as well. The family member will receive the same benefits as the sponsoring member. The spouse and children are allowed to use the same account.