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Entertainment CUs Report Remarkably Little Impact From Strikes

HOLLYWOOD, Calif. -- Credit unions established to serve actors, writers, musicians and other employees of the nation's entertainment industry report that the ongoing waves of labor disputes this year have had remarkably little impact, so far, on their members.

By David Morrison | Updated on December 28, 2007

HOLLYWOOD, Calif. — Credit unions established to serve actors, writers, musicians and other employees of the nation’s entertainment industry report that the ongoing waves of labor disputes this year have had remarkably little impact, so far, on their members.

In New York, the $91 million Actors Federal Credit Union put a short term emergency loan into place to help members who might have been affected by the 18-day strike of stage hands with contracts at many of the Broadway theaters. But the relative shortness of the strike meant that few members needed to use those loans.

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