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Welcome to Belmont Finance. Our company was founded in June of 2005 by John Harris IV. Having been in direct sales for 17 years and financing with many other companies, his original vision was to develop a direct sales finance program that would allow him a greater percent of profit for his sales company. Starting small and slow, he soon realized that with todays technologies and the growth of his own distributorship that it was time to make a move.We hired our first employee, Cara Bloom, who is now the C.O.O. of our company. Six months later, we invited a fellow distributor friend to finance with us, and word started to spread! A good thing doesnt stay quiet for long, and with more distributors asking to sign on, we realized our little company was heading in the right direction. Belmont was created by a direct sales distributor who wanted to be treated fair and honest in his daily business activities. We didnt envision there would be so many distributors looking for that same relationship. Our industry is a dynamic and fast-paced business, so we developed a finance program to meet direct sales distributors needs. Belmonts vision was to start small and simple with its main focus on customer service, not only for the owner and his new-found business growth, but most importantly for the borrower. By the end of 2008, Belmont Finance had grown to 36 distributors in 9 different states. We started to realize that our success wasnt ours at all. It was the distributors that were doing all of the hard work in the field, working 10 - 12 hour days and 6 - 7 days a week. Our original finance model not only stood the test of the most difficult economy of our generation, it also helped with the growth of our participating businesses. By the end of 2010, Belmont had tripled in size to over 120 distributors in 18 states. It was time to add on to the business.
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Business First Bank provides personal and commercial banking, treasury management, and wealth solutions services to help our clients succeed, whatever their mission. Our mission is to be the financial institution of choice for enterprises, their owners and employees. We help our clients reach their potential by delivering an empowered staff of talented employees armed with the best banking solutions. That’s part of the reason we were proud to be honored as one of American Banker Magazine’s Top 40 Banks to Work For in 2014. We bank for the individual, the small business, the doers, the go-getters, and the ones who just get it done.
Opened in a small office on Warner Bros. lot with only $40 in assets, employees of Warner Bros. Studios founded our credit union in 1967. First known as the Warner Seven Federal Credit Union, our name was changed to Warner Bros. Employees Federal Credit Union in 1970; and following a merger with the Columbia (Studios) Employees Credit Union in 1973, we became the Columbia/Warner Bros. Employees Federal Credit Union. As the credit union grew it offered services to additional entertainment companies, and soon we needed a name that better defined our expanded field of membership. Thus, in 1984, we became First Entertainment Federal Credit Union. In 1990, following a merger with Screenland/MGM Employees credit union, our assets nearly doubled in size – from $40 million to $73 million! First Entertainment continued its vigorous growth, merging with A & M Records Employees Federal Credit Union, Six Flags Employees Federal Credit Union, Las Vegas Credit Union and Paramount Studios Employees Credit Union. In the late 90`s a charter change resulted in shortening our name to First Entertainment Credit Union. Today the credit union manages more than $1.5 billion in assets and serves more than 83,000 members. We have branches throughout the Los Angeles area plus thousands of Shared Branching locations. Combining strength, safety and growth, today First Entertainment is the premier financial resource for those in the entertainment business.
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