Second Quarter 2024
frontwavecu.com
In addition to financial counseling, we have a team dedicated to professionals providing classes in personal finance to anyone that will listen, both on the military installations we serve and, in the communities, where we live. In 2023, this team provided personal finance education to more than 51,000 people! We host numerous virtual seminars with professional speakers on a wide variety of topics from how to buy a car to medicare, social security, wills, trusts and home ownership. Let us help you get on the path to financial wellness! It won’t be easy, nothing worthwhile ever is. But getting on that path now will provide incredible future rewards! We strongly recommend that Members actively monitor their accounts via our mobile and online banking platforms. In addition, we strongly recommend that Members establish alerts on their accounts. There are several alerts available, such as balance, cleared check, insufficient funds and debit card purchase easily accessed via our mobile and online banking platforms. Setting account alerts will help keep you informed of activity on your account so you can quickly and easily know when your pre-determined alert thresholds are breached and help you recognize potentially fraudulent activity. There are two pieces of legislation being considered by the California Senate and Assembly that require the inclusion of financial education in high school curriculum. Frontwave Credit Union strongly supports these efforts! In fact, I was in Sacramento last week advocating in favor of these Bills with members of the Senate and Assembly. Numerous other states already have such laws. It’s time for California to do the right thing and provide our children with the tools to help them start off on the right financial footing! Our 2023 Annual Report is now available. The report offers a summary of our 2023 financials and achievements, community involvement, as well as insights from Frontwave’s Chairman of the Board, Treasurer, and Chairman of the Supervisory Committee. Visit our website to get your digital copy, or ask for a copy at your local branch. Annual Report
Visit Frontwavecu.com for more info or log onto your mobile banking page to set up the alerts and help protect your money and assets. . 1. Login, navigate to settings, and select Alerts. 2.Customize your settings & delivery method. 3. Save your preferences. Stay in Touch In and out of our branches, we love rubbing elbows with our Members. Whether it’s connecting over how we are supporting our communities or saying thank you for your Membership with special giveaways, you’ll want in on the latest news and happenings. Join our social media communities for financial education tips, chances to win, event announcements, and more. Set up is easy as 1… 2… 3... Mobile banking alerts are highly customizable and can help you monitor your finances, avoid fees, and protect you from fraud. Here are some alerts you may consider switching on. 1. Low Balance Alert 2. Insufficient Funds 3. Automatic Deposits or Withdrawals 4.Loan Payment Due 5. Debit/Credit Card Purchase Alerts Tips and Tricks To Help Protect Your Money
Bill Birnie, President/CEO Just about everyone is talking about the impact of inflation on the cost of living and the challenges of living in Southern California. Our Members are not immune from these challenges. 40% of our nearly 124,000 Members are under the age of 24 and 44% earn less than $50,000 a year. I remember where I was at the age of 22… I hate to admit it but, I’ve been there, and I’ve done that! WE CAN HELP! We are absolutely passionate about helping you attain financial wellness. If you’re facing these challenges and struggling to get from paycheck to paycheck, I implore you to contact any one of our Frontwave Certified Financial Counselors or you can work with our partner Greenpath. Greenpath is a professional financial counseling service that is absolutely free for Frontwave Credit Union Members. Notes from the CE0
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