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Opened in a small office on Warner Bros. lot with only $40 in assets, employees of Warner Bros. Studios founded our credit union in 1967. First known as the Warner Seven Federal Credit Union, our name was changed to Warner Bros. Employees Federal Credit Union in 1970; and following a merger with the Columbia (Studios) Employees Credit Union in 1973, we became the Columbia/Warner Bros. Employees Federal Credit Union. As the credit union grew it offered services to additional entertainment companies, and soon we needed a name that better defined our expanded field of membership. Thus, in 1984, we became First Entertainment Federal Credit Union. In 1990, following a merger with Screenland/MGM Employees credit union, our assets nearly doubled in size – from $40 million to $73 million! First Entertainment continued its vigorous growth, merging with A & M Records Employees Federal Credit Union, Six Flags Employees Federal Credit Union, Las Vegas Credit Union and Paramount Studios Employees Credit Union. In the late 90`s a charter change resulted in shortening our name to First Entertainment Credit Union. Today the credit union manages more than $1.5 billion in assets and serves more than 83,000 members. We have branches throughout the Los Angeles area plus thousands of Shared Branching locations. Combining strength, safety and growth, today First Entertainment is the premier financial resource for those in the entertainment business.
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Pando is a financial services platform tailored for high-potential professionals, including startup founders and professional athletes. It offers a unique combination of peer communities, financial tools, and risk-mitigation strategies to help members navigate the uncertainties of their careers while promoting collaboration and financial security. One of Pandos key offerings is income pooling, where members contribute a portion of their income to create a diversified portfolio-like structure. This approach helps reduce individual financial volatility, especially in careers with high-stakes outcomes. Pando also provides curated networks for founders to share advice and support, along with events for networking and investor introductions. Additionally, members gain access to financial and operational tools, including an investor exchange and exclusive perks tailored for startups. Pandos business model aligns its success with that of its members by retaining a portion of pool payouts instead of charging traditional premiums. This innovative approach combines financial strategies with community support, addressing both the economic and social challenges faced by professionals in high-risk careers.