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

For over 50 years, First Entertainment Credit Union has had a rich history of serving Los Angeles and long been affiliated with entertainment organizations like the Academy of Motion Picture Arts & Sciences, Lions Gate Entertainment, Capital Records, Warner Bros, Dick Clark Productions and 20th Century Fox. They were founded by employees of Warner Bros. Studio, and today manage over $1.5 billion in assets with a team of 240 plus employees. First Entertainment has been serving its 85,000+ members with access to their 11 locations spread across Los Angeles Country – including the Warner Bros, Sony and Paramount studio locations – with nearly 5,000 co-op credit unions nationwide. For additional information about First Entertainment, please visit our website:


Media Contact:
Steve Willis
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