First Entertainment Credit Union Aids Community After Wildfires
Commitment to Community Healing
In a remarkable act of solidarity, First Entertainment Credit Union has stepped up to aid the community severely affected by the recent wildfires. With a generous donation of $75,000, they aim to assist industry guilds and community organizations dedicated to helping those impacted. This philanthropic effort aligns with their mission to support the entertainment sector during challenging times.
Delivering Vital Support
First Entertainment Credit Union, known for serving creators and professionals behind the scenes in the entertainment realm, has made this significant donation to address the immediate needs of individuals and families suffering from the wildfires. This funding will channel resources to local organizations involved in providing essential relief services and support as the community begins the process of recovery.
Voices of Gratitude
"We are grateful for the guilds and unions that support our members and have stepped up to help those impacted by the fires," said Stephen Owen, the president and CEO of First Entertainment Credit Union. He emphasized the importance of being present for their members in times of need, articulating that while the wildfires have undoubtedly transformed the community, they have also showcased its enduring strength and resilience. The union is determined to stand by its members, ensuring they receive the necessary financial support to rebuild their lives.
Recipients of the Donation
Several key organizations will benefit from the funds allocated by First Entertainment. These include:
- The Producers Guild of America (PGA) Members Fund in partnership with the Entertainment Community Fund
- The Writer's Guild (WGA) Members Fund in partnership with the Entertainment Community Fund
- The Directors Guild (DGA) Foundation in partnership with the Motion Picture Television Fund
- The International Alliance of Theatrical Stage Employees (IATSE) Disaster Relief Fund
- The California Community Fund
Todd Holland, Chair of the Directors Guild Foundation, expressed his admiration for the DGA community's willingness to support one another during such a trying time. He stated, "This fund will provide critical resources directly to impacted DGA members as they begin the difficult process of rebuilding their lives. Our hearts go out to everyone affected by this tragedy."
Reflecting on Community Support
Susan Sprung, CEO of the Producers Guild of America, shared her sentiments on the continuous support of First Entertainment. She stated, "Shortly after the fires started, our board quickly arranged an emergency meeting and established our fund. First Entertainment's initiative is crucial as the funds will directly help members who have been displaced or lost their homes. It’s heartwarming to see such support in action.”
Direct Assistance to Those in Need
Brigitta Romanov, Executive Director of the Costume Designers Guild, highlighted the direct impact of the contributions made by First Entertainment. She mentioned the establishment of the IATSE Walsh/Di Tolla/Spivak (WDS) Disaster Emergency Fund, which focuses on providing immediate financial support to affected members of the Costume Designers Guild. "Stories like this affirm our commitment and I am proud of our efforts to help our community through such trying times," she added.
Partnerships That Matter
The collaboration with the Federal Home Loan Bank of San Francisco further enhances the relief efforts. This cooperative organization is well-known for assisting member financial institutions to support their communities. They are playing an essential role by matching donations directed to nonprofit organizations that provide recovery services to those affected by the wildfires.
Acknowledgements and Hope for the Future
First Entertainment Credit Union also recognized the tireless efforts of first responders and volunteers, which are pivotal to the community's recovery. Owen expressed heartfelt appreciation for all members and organizations involved in the relief efforts, stating, "Your dedication has been essential in helping our community rebuild. We are in this together and will continue to support each other."
About First Entertainment Credit Union
Established in 1967, First Entertainment Credit Union primarily serves individuals within the entertainment sector. Headquartered in Hollywood, California, they offer comprehensive banking and financial services across seven locations in Los Angeles County, managing approximately $2 billion in assets. They are dedicated to providing effective financial solutions to nearly 90,000 members while ensuring easy access to banking services, specialized products, and extensive ATMs.
Frequently Asked Questions
Why did First Entertainment Credit Union make a donation?
The donation was made to support individuals and organizations affected by the wildfires, reflecting the credit union's commitment to serve and assist the entertainment community in times of need.
How will the donations be utilized?
The funds will be directed to various guilds and funds meant to provide immediate support and resources to affected members of the entertainment industry.
Who benefits from the donation?
Organizations such as the Producers Guild of America and the Directors Guild Foundation, among others, will benefit from the contribution, which is channeled to their dedicated relief funds.
What does First Entertainment Credit Union do?
It offers banking and financial services tailored for the entertainment industry, aiming to meet the unique needs of its members.
How can members access support?
Members affected by the wildfires can directly reach out to their respective guilds and organizations receiving relief funds for assistance.
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