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Credit unions are member-owned and operated financial cooperative institutions. Members capitalize on credit unions through regular savings and deposits. Membership savings are then made available to other members as loans at reasonable rates. Income from loans and other investments in turn provide better returns to members.
Every member of Technicolor Federal Credit Union is a stakeholder and beneficiary in our success. Members benefit from better service and returns - in the form of lower interest rates on loans and higher returns on savings.
Credit unions offer the accountability and openness that the big banks do not. Members serve as volunteers on the Credit Union Board of Directors and Supervisory Committee, who provide management, oversight and transparency.
TFCU takes pride in being a positive force within the communities we serve. We are a proud sponsor of Credit Unions for Kids, a fundraising activity to benefit 170 affiliated children’s hospitals in the Children’s Miracle Network.
You can support our cause by donating your empty inkjet, laser, fax, and copier cartridges as well as cell phones to the credit union. Drop them off at any branch where they’ll be recycled and the proceeds donated to the Children’s Miracle Network.
How can we make a difference in the areas important to you? Let us know by emailing [email protected].
We were born on December 12, 1952, when Technicolor Laboratories was granted a federal charter and founded Technicolor Employees Federal Credit Union (TEFCU) in Hollywood.
In 1992, TEFCU changed its name to Technicolor Federal Credit Union to reflect the changing nature of its membership. The credit union was no longer a “single employer” credit union (meaning that it only served one company), but became a multiple common bond credit union serving diverse entertainment businesses in Los Angeles. Meanwhile, the Entertainment Capital Federal Credit Union (ECFCU) began as Samuel Goldwyn Studios Federal Credit Union (GSFCU) in 1966. In 1980, when Warner Brothers purchased Samuel Goldwyn Studios, GSFCU changed its name to Warner Hollywood Studios Federal Credit Union (WHSFCU).
When the Warner Hollywood lot was sold on January 1, 2000, the studio was renamed “The Lot”. A membership-wide contest was held to rename the credit union and the name Entertainment Capital Federal Credit Union was chosen. TFCU and ECFCU merged in 2005, and today the credit union serves over 200 companies and thousands of members. As a member-owned institution, our growth is a result of making positive financial differences in the lives of each member.