First Entertainment Credit Union appoints new CFO

HOLLYWOOD, CA (June 15, 2020) — First Entertainment Credit Union ($1.7B in assets) has named Ken Kramer SVP & Chief Financial Officer.

Kramer assumed his role effective May 20, 2020. Most recently, he held the role of Chief Executive Officer at $1B asset United States Senate Federal Credit Union in Alexandria, VA. He started his career with Ernst & Young and has held Executive level roles in finance and administration in the credit union and entertainment industries.

“As part of the Senior Leadership Team, Kramer will play a key role in ensuring continued financial success and overseeing our wealth management and insurance divisions. With over 35 years of experience, he brings knowledge, extensive skill, and great leadership to the organization” the CU said.

“Ken has significant experience in the financial services industry, and his strong strategic acumen with knowledge in financial management and reporting, asset and liability management, and treasury management. His background and expertise in corporate financial leadership will complement our team at First Entertainment Credit Union,” said Frank Wasson, First Entertainment President & CEO.

Ken Kramer holds a Bachelor of Arts degree in Accounting from the University of Iowa and a Masters of Business Administration with a Finance specialization from Case Western University in Cleveland, OH.

About First Entertainment Credit Union

Since 1967, First Entertainment Credit Union has served creators in the entertainment industry. Headquartered in Hollywood, Calif., First Entertainment provides banking and financial services through its 8 branches in Los Angeles County – including the Warner Bros., Sony, and Paramount studio locations – and manages $2 billion in assets with a team of more than 200 employees. First Entertainment provides financial solutions to nearly 90,000 members through accessible 24/7 digital banking, unique entertainment-industry financial products, services, and ATMs. Visit


Kyle Reuter

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