ISSUE 55 PROFILE: RANDALL HEER CEO/FOUNDER AT VISTA STUDIOS MEMBER SINCE 1984

Transcription

1 ISSUE 55 PROFILE: RANDALL HEER CEO/FOUNDER AT VISTA STUDIOS MEMBER SINCE 1984

2 LOCATIONS and HOURS PRESIDENT S MESSAGE HOURS All Branches: M-Th 8:30 am 5:00 pm, Fri 8:30 am 6:00 pm* Burbank, Culver City, Encino, Miracle Mile, Santa Clarita & Studio City Branches: Sat 9:00 am 2:00 pm FRANK WASSON President / CEO When Disaster Strikes, We Rise. Throughout 2017, our nation has endured several tragedies that have affected the lives of thousands. But the recent firestorms that blazed across California hit especially close to home. The fires were relentless. The destruction affected at least 16 credit unions in six different counties. Many credit union employees who were forced to evacuate their homes currently reside in shortterm shelters and are looking for longterm solutions. We re a people-focused credit union, and in the face of adversity, we rise up to help others in need. To that end, First Entertainment recently donated $10,000 to CUAid. CUAid is the National Credit Union Foundation s (NCUF) disaster relief system, and it is the only fund dedicated to helping credit union people recover from major disasters. The CUAid program is activated only during times of crisis, and has remained active since Hurricane Harvey ravaged the Houston region. The NCUF, in partnership with the California Credit Union League, will distribute the funds necessary to help with critical and long-term recovery needs. If you would like to contribute to credit union families in need, the NCUF General Disaster Relief Fund continues to accept donations via their online disaster relief system. Go to cuaid.coop to make a donation. One hundred percent of donations go to disaster relief for credit unions, their employees, and their volunteers. At the time of writing, the relief fund has already received $2.5 million. Thank you for keeping those impacted by these events in your thoughts, and for being the embodiment of the people helping people philosophy. Frank Wasson President / CEO MAIN OFFICE 6735 Forest Lawn Dr. Hollywood BURBANK 2520 Olive Ave. CULVER CITY West Washington Blvd. ENCINO Ventura Blvd. STUDIO CITY 4067 Laurel Canyon Blvd. MIRACLE MILE 5750 Wilshire Blvd. *All studio lot branches close at 5:00 pm on Fridays. **This branch restricted to individuals with studio lot access. The credit union will be closed in observance of the following holidays: CHRISTMAS DAY Monday, December 25th NEW YEAR S DAY Monday, January 1st MARTIN LUTHER KING DAY Monday, January 15th PRESIDENTS DAY Monday, February 19th CONTACT TOLL FREE: ( 888) MAIL@FIRSTENT.ORG FIRSTENT.ORG FOLLOW US ON: SANTA CLARITA McBean Parkway PARAMOUNT STUDIOS** Mae West Building; West 124 SANTA MONICA 2425 Colorado Ave. WARNER BROS. STUDIOS** Building 19 A UTOLAND AUTO BUYING SERVICE (323) MEDIA BENEFITS INSURANCE SERVICES (323) INVESTMENT SERVICES (323) Equal Housing Opportunity Federally Insured by NCUA

3 PROFILE Randall Heer Founder & CEO, Vista Studios First Entertainment Credit Union Member, 33 years STUDIO HIGHLIGHTS: FX National Geographic Fox NFL Sunday TVG Network Showtime Boxing CBS Television Tennis Channel Discovery Networks We want to create an atmosphere of fun, creativity, and professionalism, and then go from there. When you have a vision, sometimes the path to achieving it can be unpredictable. You don t know where you ll go or what you ll see. You only know that it s your dream, and you ll do what s required to see it through. Just ask studio visionary, Randall Heer. Randall recently opened an independent production facility called Vista Studios. It s comprised of four multi-camera sound stages and spans 30,000 square-feet in Playa Vista. It s the first 4K, greenfield build of a studio, backed by private money, ever done in LA, says Heer. But well before big-time media companies like Disney and Facebook were knocking on his front door, Heer got his start in production at Metro Media Television, which would later be acquired by FOX. He spent the next 12 years directing live television events across Southern California for Fox Networks Group, including the infamous O.J. Simpson trial and LA Riots. After establishing himself as a formidable Director in broadcasting, Randall accepted the position as Engineer in Charge at FOX Network. With this promotion came more responsibilities, as he would oversee a group of cable networks that included FX, National Geographic, and more. He would go on to win three Technology & Engineering Emmy Awards, including one for his brilliant work on Fox NFL Sunday. We accomplished a lot of great things, and a lot of people in the nation watched our work on Sundays, he told us. Winning that Emmy was a proud moment for me. So, where do you go after winning one the most prestigious awards in Hollywood? Well, for Heer, you go High-Def. Randall managed Discovery Networks expansion into HD content and helped CBS build the first file-based cellular phone video delivery system. He then traveled the globe, lending his talents to the world of horse racing as the Director of Operations at TVG. He covered events in cities across Europe and North America, including the historic Breeder s Cup at Churchill Downs in Louisville. When Randall became Vice President and General Manager at Hayden Studios, home of the Tennis Channel, he knew he was one step closer to achieving his ultimate dream of opening his own studio. I kept saying to my bosses, We re turning away a lot of business. If you guys can give me the funding, we re going to build a big studio, said Heer. Despite his valid proposal, his request was denied. His company saw tennis as their core business, not studios. But that didn t stop Heer. With the help of contacts he d made while working at the Tennis Channel, he began the work of raising money to fund the building of Vista Studios. It was an irresistible opportunity to try to put something new together and to take a chance on building something unique, says Randall. Today, he s helping companies from all over the world realize their vision, including Facebook, which recently produced a multi-camera show with a live audience in 4K resolution. So, what s the magic behind Randall s success in the highly competitive Los Angeles landscape? If you focus on the process, you ll achieve all your end results. So, we re focusing on the process. We re process-centric, and we want to create an atmosphere of fun, creativity, and professionalism, and then go from there. Regardless of all the ups and downs and twists and turns throughout Randall s journey, there s one thing that s been consistent: his relationship with First Entertainment. Since 1984, Randall has relied on First Entertainment as his trusted credit union, watching as the institution grew right along with him. It s nice to see you took your business to a small institution that s just grown with you over the years. And that s a process we both can be proud of, Randall. Read Randall s extended interview and more Profile interviews at firstent.org/memberprofiles. Cover Photo: Tom Keller Photography. The information in THE SHOW is as current as possible. However, the credit union reserves the right to add, change, or delete services. All rates and terms are subject to change without notice. THE SHOW is published quarterly by First Entertainment Credit Union. Questions or comments should be directed to: Jimmy Lee, VP - Marketing/CMO jlee@firstent.org 2017 First Entertainment Credit Union 02

4 Skip the line every time with Mobile Deposits. Long gone are the days of whittling away the hours while waiting in line just to deposit your checks. With the Firstent Mobile Banking App, you can conveniently deposit a check from your smartphone or tablet. If you have yet to check it out, you should. It s easy! Simply snap, click, and confirm your deposit safely, securely, and without fuss. How s that for some time-saving wizardry? For more information on Mobile Deposit and all the latest App features, visit firstent.org/mobilebanking, or give us a call at (888) MOBILE DEPOSIT STEP 1: AS EASY AS 1, 2, 3! CHOOSE AN ACCOUNT Give something magic with Toys for Tots. Remember the childhood joy of opening a present during the holiday season? It s a moment you cherish forever. What if you could share that magical moment with a child who desperately needs it? With First Entertainment s partnership with Toys for Tots, we make that possible. When you re out shopping for friends and family this Christmas, please consider picking up an extra gift and bringing it into one our branches by December 18th. It doesn t have to be big, nor does it have to be expensive. It just needs to be new and unwrapped so that we can correctly match it with a child s interests. After the 18th, we ll collect all the gifts and make sure they are delivered to Santa s sleigh. With your help, we can make this a memorable holiday season for kids who need it most. Thank you! STEP 2: ENTER THE AMOUNT STEP 3: SUBMIT PHOTOS BIG OR SMALL, EVERY GIFT COUNTS. Visit firstent.org/locations to find a branch near you. in your Firstent Mobile App. Visit firsteng.org/mobiledeposit to learn more. Download our ios or Android app from the App Store or Google Play today. ios is a trademark or registered trademark of Cisco in the U.S. and other countries and is used under license. Google Play and the Google Play logo are trademarks of Google LLC. 03

5 FREE ATM ACCESS WHEREVER YOU WANDER. Mae West once said Too much of a good thing can be wonderful. And thanks to First Entertainment s partnership with the CO-OP Network, our members have the unsurpassed convenience of nearly 30,000 ways to access their funds for free just look for the CO-OP logo! In addition to those 30,000 aforementioned ATMs, our members also have access to over 5,600 CO-OP Shared Branches where you can: Make deposits and withdrawals Process loan payments and advances Access available VISA funds Plus, for those times you re outside the U.S. with no CO-OP ATM in sight, no need to worry the CO-OP Network also has links to ATMs worldwide via the STAR and Plus Networks so you can still use your Debit Card, no matter your location. With access to the largest network of fee-free ATMs, First Entertainment members get the best of both worlds. You can use your Firstent Mobile Banking App to find the closest participating CO-OP location near you or head to firstent.org/atm. * As of 10/19/17, our initial 5/1 ARM rate is 2.875%, Annual Percentage Rate (APR) of 3.698% for the first 5 years, after which the rate is subject to annual adjustment. These loans are based on a California purchase or refinance transaction of an owner-occupied, single-family residence with 60% loan tovalue, 1st lien position and approved credit. 0 points, standard fees apply, up to loan amounts of $424,100. The 5/1 loan adjustable rate feature has an initial rate for the first 5 years that is based on the Fannie Mae 5/1 ARM plan rate as of the date of loan approval, which can be found at mortgagewebcenter.com/. The rate is subject to adjustment upon the expiration of the first 5 years and every 12 months thereafter based on the then-current index which is the Average of the London Interbank Offer Rate (LIBOR) for one year U.S. dollar denominated deposits as published by the Wall Street Journal (Index) currently at 1.83%, initial change cap of 5%, annual cap 2%, life cap 5%, margin 2.25%. As an example, a 5/1 ARM loan with a loan amount of $400,000 would have: (1) an estimated monthly payment of $4.15 per $1,000 borrowed for the first 60 payments at the initial rate of 2.875% interest rate, 3.698% APR; and (2) thereafter, the rate and payment are subject to adjustment based on the then-current Index value plus the margin, and will adjust once every 12 months through the remaining term, but for purposes of this example we have assumed the Index does not change and, as a result, you will have an estimated monthly payment of $7.25 per $1,000 borrowed for the remaining 300 months based on the current fully-indexed rate of 7.875% interest rate, 7.895% APR. Payment example does not include amounts due for taxes and insurance and actual payment amount will be greater. Standard underwriting, tax service, and flood monitoring fees apply. Estimated closing costs of $1, (after applying $750 discount on lender fees mentioned above) apply for loan amount of $400,000. Standard qualifying credit and ratios are required. Property insurance is required. Other terms may apply for purchase transactions. Other rates and terms are available for loans up to $2,000,000. For 5/1 ARM applications received between 11/01/2017 and 12/31/17, First Entertainment Credit Union will waive Lender (processing and underwriting) Fees up to $750. 5/1 ARM offer cannot be used to refinance existing First Entertainment loans. Rates, terms, and guidelines are subject to change without notice. Equal Housing Opportunity Federally Insured by NCUA Banking on-the-go? Find the nearest ATM in your location by using the ATM locator at firstent.org/locations or in your Firstent Mobile App.

6 * APR = Annual Percentage Rate. 1.69% APR is the preferred rate for new vehicles up to 48 months at a monthly payment of approximately $21.57 per $1,000 borrowed. 60 Day No Payment offer applies to all loans for $10,000 or greater funded by 12/31/ Day No Payment offer is optional. The first monthly payment on your auto loan may be scheduled up to 60 days after the closing date of the loan. The actual number of days will depend on the terms of the loan. Interest will accrue on the balance of the loan beginning on the date the loan is funded and the first payment will be applied to interest accrued from the date the loan is funded to the first payment date and then to principal due. Additional rates, starting as low as 1.95% APR, and terms may apply, call , Option 3 for details. Rate of 1.69% APR is also the preferred rate for used (maximum age 6 years old) vehicles up to 48 months at a monthly payment of approximately $21.57 per $1,000 borrowed. Amount financed may not exceed the MSRP or 120% of the high Kelley Blue Book/NADA value for new (120% for used), including tax, license, GAP Insurance and Mechanical Breakdown Protection. Rates are subject to change without notice. No additional discounts may be applied to these rates. All loans subject to credit approval. Existing First Entertainment auto loans may not be refinanced under the terms of this offer. Offer expires December 31, Equal Housing Opportunity Federally Insured by NCUA

7 SANTA S SECRET MONEY-SAVING TIPS FOR THE HOLIDAYS. Tis the season for holiday shopping and saving money! Wait, what?! It sounds crazy, but it s true. You can shop for family and friends without having to take out a mortgage, or sell your vintage video game collection. To prove it, we reached into Santa s bag of money-saving tips and pulled out our favorites to help you save this holiday season! B U I L D A H O L I DAY B U D G E T Check your manufacturer s warranty You ve heard it a thousand times, but a one-year warranty at no extra cost. simply taking an hour or so to create a budget could save you a sleigh-full of cash (ok, maybe not a sleigh-full). Write down all the names of people you re buying gifts for, then choose how much to spend on each. And don t forget about wrapping expenses! This tried-and-true method will help keep your wallet filled with cash. TAKE OUT SOME CASH Today s technology makes it easy to pay for things in a store without giving it a second thought. All it takes is a simple swipe or the touch of a thumbprint and BOOM you ve spent $500 just like that. Slow things down using physical currency. Visit an ATM and take out a set amount of cash and shop with that money only. When that cash is gone, it s gone. first, because they usually offer at least O P E N A H O L I DAY SAV I N G S AC C O U N T If you find it tough to keep track of your spending during the holidays, then consider opening a Holiday Savings Account.* Think of it as Santa s little helper an elf who kindly withdraws money from your checking account and cheerfully sets it aside for holiday shopping without you even knowing. It s an easy way to automate your savings while earning interest and accruing dividends.** SHOP WITH A REWARDS CARD Already know you ll be spending a lot? Consider getting a rewards card to pay for your holiday purchases. You ll earn SKIP THE WARRANT Y reward points for every dollar you spend, If a 4K HDTV is on your shopping list, awesome perks like gift cards, travel then think twice before buying the retailer s warranty. Some stores will charge up to $200 depending on the protection plan they offer. which can then be traded in for points and merchandise points for brand name items. Once you ve redeemed them, you could then give your new rewards as gifts! First Entertainment can help you save this holiday season! We offer a Holiday Savings Account and CURewards** for members. Visit firstent.org/holiday and firstent.org/curewards or stop by a branch today to learn more. * No withdrawals are allowed prior to disbursement. Any withdrawal forfeits all dividends and closes account. Account balances above $5,000 earn the First500 Savings Base Rate. ** Redemption levels for merchandise, air and travel rewards start at 2,500 points. For complete terms and details, please visit Equal Housing Opportunity Federally Insured by NCUA

8 WE RE CELEBRATING OUR 50TH A N N I V E R S A R Y O N 12 / 2 0 / 17. AND NEXT YEAR, WE RE CELEBRATIN G YOU! FOLLOW US FOR UPDATES: FACEBOOK.COM/FIRSTENTERTAINMENT T WITTER.COM/FIRSTENTERTAINMENT We ve moved up in Santa Monica. First Entertainment is currently redesigning the Santa Monica branch to create a more high-tech and high-touch member experience. As of right now, we re located on the second floor in suite 208. But don t worry; we ll return to the first floor before you know it. Just be ready for a new interactive branch that will simplify your financial life! The new location opens mid-january! HERE S HOW WE RE IMPROVING YOUR BANKING EXPERIENCE: Electronic sign-in No traditional teller line New look and feel New interactive features Self-serve kiosk (coming soon) 06