First Entertainment CU, Paramount Studio Employees CU Merge
HOLLYWOOD, Calif. - Two credit unions that serve the entertainment industry have merged. Paramount Studio Employees FCU merged in to First Entertainment CU, creating a nearly $500 million credit union serving the entertainment community. According to First Entertainment CU President/CEO Charles Bruen, a fifth of PSEFCU's membership had an existing account with the $450 million First Entertainment before the merger. First Entertainment CU serves more than 750 entertainment-based companies in the U.S. It has eight branches, including one former PSEFCU branch on the Paramount Studio lot.