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Who Is Entertainment Industries Federal Credit Union?

Simply put, Entertainment Industries FCU is a member-owned, not-for-profit, financial cooperative. Entertainment Industries FCU is dedicated to providing members with quality financial products and services, delivered in a professional, personal and confidential manner.

Unlike other types of financial institutions that need to generate profits to satisfy stockholders, we return excess earnings each year to our members primarily in the following forms:

  • Competitive dividend rates paid on savings and investment accounts,

  • Competitive interest rates on loans

  • Low-cost financial and additional products and services.

As a member of Entertainment Industries FCU, you’ll receive a variety of benefits not found at other financial institutions. For example, we offer no-cost accidental death and dismemberment insurance to all members with coverage up to $1,000. Additional coverage can be purchased at the discretion of members for a nominal cost. Because this coverage is governed by the consumer-oriented New York State Insurance Department, it is approved and priced at the very best level, giving our members a distinct advantage over other consumers. That’s just one of the ways membership in Entertainment Industries FCU pays you back.

Why Should You Join?
Membership in Entertainment Industries FCU is free to you and your family members, and you retain your membership even if you change jobs, relocate or retire - "Once A Member, Always A Member."

There is a minimum initial deposit of only $5.00 to open a Share Savings Account. This $5.00 is not a fee. It represents your "share" of ownership in the credit union. As a part-owner of the credit union, you and other members are actually part of a cooperative, pooling resources to allow each and every member to benefit from the competitive rates traditionally offered by a not-for-profit financial institution. It’s members themselves who portray the “People Helping People” philosophy of credit unions. And it’s members who keep the credit union going strong.

Entertainment Industries FCU offers a wide variety of products and services designed to make managing your financial affairs easy and hassle-free. And, our staff is dedicated to the credit union philosophy of "People Helping People" - a philosophy we practice every day to give you the personal and professional service you need to satisfy all of your financial needs.

The unique, mutually beneficial relationship between all of our members is the foundation on which the credit union is built. In short, members are Entertainment Industries Federal Credit Union.


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Glossary

Because Entertainment Industries FCU is so different from banks and other financial institutions in the sense that we are a member-owned, not-for-profit financial cooperative, there are several distinct terms that credit unions use when talking about various financial products and services.

Dividend: The interest earned on your account.

Share Draft: Another name for your personal checking account.

Share Savings: Your Share Savings Account represents your "share" of ownership in the credit union. This is your primary account at the credit union, which must be maintained in order to take advantage of the many benefits of credit union membership.

Term Share Certificates: Equivalent to Certificates of Deposit (CDs).

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Entertainment Industries Federal Credit Union. All Rights Reserved.