Frontwave Briefing | Third Quarter

This is Frontwave Credit Union's Member Newsletter for Third Quarter 2023

Briefing Frontwave Credit Union Member Newsletter | Third Quarter 2023

Buying a new car is an exciting experience, but it can also be a stressful one. When most people set out to shop for their new ride, they usually focus on the type of car, truck or SUV they want and sometimes overlook the cost of financing. Whether you’re a first time car buyer or just looking to make the most of your money, we’ve put together some tips to help you maximize your auto buying budget. 1. Evaluate the Total Cost. Before you start shopping, do some research to make sure you understand all the costs associated with car ownership. You’ll need to look beyond the sticker price and factor in other costs like taxes, fees, insurance, repairs, and maintenance. Then, add them into your estimated budget so you can zero in on cars at that price point. 2. Improve Your Credit Scores. When making a large purchase like a car, your credit score is a crucial piece of the puzzle. Your credit score determines the loan amount you’ll qualify for and how much interest you’ll have to pay. If you need to improve your credit score, you may want to hold off on a new car purchase for a few months. 5 Tips to Maximize Your Auto Buying Budget

3. Shop Financing Options. Just as you’ll shop around to find the best car, truck or SUV, you should also shop around to get the best deal on your auto loan. You may hear and see great offers being advertised but if you don’t have excellent credit, you may not qualify. Before you go shopping, do your homework and check out where you can get the best financing deal. By having a better understanding of the rates and terms available at your credit level, it’ll be easier to spot a good deal when you see one. 4. Save up for Your Down Payment. Generally, when it comes to auto buying, experts recommend putting at least 20% down on a new car and 10% down on a used car. Starting with a substantial amount up front lowers the amount you need to finance and helps ensure you won’t end up owing more than your car is worth. Even if you

don’t have enough to put 10-20% down, putting down whatever you can will help offset the total cost of your loan. Keep in mind, the more you can put down, the more likely lenders will view you as a lower-risk borrower and offer better rates on your loan. 5. Get Pre-Approved. Getting pre-approved for a loan makes the auto buying process easier, saves you money, and improves your negotiating power. A pre-approval signals to a dealer you’re a serious buyer who won’t likely feel pressured to take any offer they give you. Being pre- approved also helps you negotiate the out-the-door price of the car instead of the monthly payment. These perks help give you the upper hand and, in the end, get you the best deal.

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Third Quarter 2023

Our commitment to our Members doesn’t stop there. We’re kicking summer into high gear by giving away groceries, cash, vacations and more just for doing something you’re already doing — using your Frontwave Visa Credit or Debit Card! Whether you swipe your Frontwave Visa, tap your card for contactless payments, dip the chip, or shop online, you’ll be automatically entered to win prizes all summer long. This is all just our way of saying thanks for your loyal Membership! And that’s not all! We’ve also been busy supporting our communities and giving back with our Goodie2Crew. Our team of do-gooders continued the great work they started in 2022 by supporting our communities with random acts of kindness. So far this year, our Goodie2Crew has paid for groceries at a local supermarket, raised $500 for the San Diego Humane Society, and shown their support for the Service Members and Veterans who have dedicated themselves to our country with a commemorative Wall of Honor at Operation Appreciation. Join us on social media to keep an eye out for the Goodie2Crew in your community – and who knows, you might just get a sweet surprise courtesy of Frontwave! As we look ahead to Frontwave’s future, I am thrilled to have Dennis Kingery onboard as our new CFO. He’s already making an impact on our financial strategy and helping us deliver on our vision to be the best place you’ve ever banked. If you’re interested in making an impact on Frontwave’s future, consider applying for nomination to our Board of Directors. You know that feeling when you’ve got a great idea that could make something better? Here’s your chance to bring your ideas to life and make a real difference in the future of our credit union. Remember, Frontwave is committed to your financial success. Whatever you need, we got YOU!

When we say we want to do everything we can to make your Frontwave experience great, we mean it. We’re always looking for ways to make your life easier, including how you choose to bank with us. Upgrade Your Digital Banking Experience

Notes from the CE0

With Frontwave’s cutting edge, secure technology, you can: • Manage accounts 24/7 • Check account balances • Transfer funds • Make mobile check deposits • Track transaction hisory • Make a payment • And more!

Bill Birnie, President/CEO At Frontwave, we look out for our Members and fight for their dreams, no matter how big or small. We do this because we believe in doing what’s right by our Members, a commitment that remains as strong today as it did when we got our start back in 1952. So when recent concerns surrounding the debt ceiling reached an all-time high and it looked like the government might default, we sprung into action to make sure our Members were taken care of. Without hesitation, we pledged to post direct deposits for military and Department of Defense personnel so they weren’t left high and dry due to the government’s inaction. That’s what we call COMMITMENT! We’re also committed to helping Members create a successful financial future. We know saving isn’t always easy. But it’s an important step to put you one step closer to making your financial dreams come true. That’s why earlier this year, we helped Members stash some cash with a special rate on our 12-month Saver Certificate, which is designed to reward a habit of savings. We were thrilled to help over 3,500 Members invest more than $1.7 million to create a stronger foundation for their futures. And that’s in just one month! This unique product allows our Members to continue adding to their savings throughout the year and earning more every time they do!

We’re not the only ones excited about our digital banking experience. Check out some Member feedback we’ve received:

This is a great app. I have yet to find any issues, and it has made my online banking with Fronteave easy and convenient.

- Richard R.

Got any other feedback for us? The next time you get a survey from us, we really appreciate you telling us how you feel.

Stay in Touch

We love connecting with our Members, sharing how we’re supporting our communities, and saying thank you for your Membership with special giveaways! Join our social media communities to get the latest on Frontwave news and happenings, financial education tips, chances to win great prizes, and more.

Calling all fighters.

Now accepting nominations for our Board of Directors

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Third Quarter 2023

When online banking won’t do and your usual branch or ATM is too far away, remember Frontwave Members have access to more than 5,600 Co-op Credit Union “Shared” branches within the U.S. and nearly 30,000 surcharge-free ATMs worldwide. To find a nearby location, We’ve got you covered coast-to-coast!

Meet Our New Frontwave Investment Services Advisor

call 888.748.3266 or visit

Provided by Niko Pandeleos, Associate Financial Advisor

Kathy Chesney, to make sure you have solid answers to these key questions: • Is your retirement money invested properly? • Will you have enough income in retirement? • What should you do with an existing retirement plan from a previous employer? • How will you pay for a child’s or grandchild’s education? • Financially, what would happen to your family if you died? • How will you pay for long-term care? I am a Registered Representative of LPL Financial, Inc., member FINRA/SIPC. I am also a licensed representative of Trustage Life Insurance Company. It’s easy to get started. Please contact me for a no-cost, no-obligation consultation. Niko may be reached at 760.439.6960 or

Helping you reach your financial goals is my number one objective. Working together, I’ll help you make sound financial decisions consistent with your comfort level, investment timeline and goals. We can start small and grow or evaluate and build upon any existing financial plans. The end result will be a strategy designed to help you build, protect, use and transfer assets in the most advantageous way. Periodically we’ll review your situation and make adjustments as needed. It just makes sense - as your life changes, so do your financial needs, and I’ll be here for you at every stage of your life. As a trusted partner of Frontwave Credit Union, I have a strong history of working with credit union members, their family and their friends. I have access to a wide variety of investment and insurance products. I’ll be working alongside your trusted Frontwave Investment Services Advisor,

Looking to Save on Your Insurance? Make sure you’re getting the best deal with a fresh new quote from Frontwave Insurance Services. A one-stop shop for all your insurance needs, Frontwave Insurance Services can make sure you have the right insurance for your needs at the best price. Get a free, no obligation insurance quote by visiting or calling 844.788.0820.

• Auto Insurance • Motorcycle Insurance • Home Insurance • And more!

This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. This material was prepared by LPL Financial, LLC. Securities and advisory services are offered through LPL Financial (LPL) , a registered investment advisor and broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Frontwave Credit Union and Frontwave Investment Services are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using Frontwave Investment Services, and may also be employees of Frontwave Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of Frontwave Credit Union or Frontwave Investment Services. Securities and insurance offered through LPL or its affiliates are:

Insurance products are offered through Frontwave Insurance Services, LLC, a subsidiary of Frontwave Credit Union. Insurance offered is not a deposit and is not federally insured or issued by or guaranteed by Frontwave. Insurance may be required as a condition of credit for some Frontwave loans and may be purchased from an agent or insurance company of the member’s choice.

Not Insured by NCUA or Any Other Government Agency

Not Credit Union Guaranteed

Not Credit Union Deposits or Obligations

May Lose Value

Your credit Union (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for advisory services.


Third Quarter 2023

What’s better than free financial education? Getting it from the comfort of your couch! Register for one of our virtual workshops today at Upcoming Financial Workshops Intellectual Property 101 Do you know how to safeguard your intellectual property? Have you explored the complicated world of patent and trademark law only to get confused and frustrated? In this free virtual workshop, Attorney Benjamin Diederich will help you navigate you through the complicated legal mechanism designed to protect you, First-Time Home Buying What financial dream is bigger than owning your own home? We want to help prepare you for what it will take and how to make the process easier. In this free virtual workshop, our real estate and mortgage experts will walk you through the steps it takes to become a homeowner. • Tuesday, August 8 @ 6:30 pm your ideas and your creations. • Tuesday, July 18 @ 6:30 pm

Military Home Buying You serve your country proudly and we’re proud to serve you. Let us expertly walk you through the VA program and all that it offers home buyers in this free virtual workshop. We will give you tips and tricks to make your buying process as easy as possible. • Tuesday, September 12 @ 6:30 pm Navigating Auto Buying No one wants to overpay for their new car, truck, or SUV. That’s why our experts have put together these insider tips to help you make the most of your auto buying budget. You’ll learn more about the pros and cons of leasing vs. buying, options to finance your vehicle, and how to calculate the full cost of car ownership. • Tuesday, September 19 @ 6:30 pm

Estate Planning No one wants to think about it, but we should all be prepared for the inevitable. In this free virtual workshop, Attorney Benjamin Diederich will teach you the basics of wills, trusts and estate planning to properly ensure your legacy for the future. • Tuesday, August 15 @ 6:30 pm

Online Banking Basics Our Frontwave online banking experts will navigate you through all the tools and resources available to you on our website and online banking platform. Learn some new tricks and pick up some tips on how to more easily manage your money in a digital world. • Tuesday, August 22 @ 6:30 pm




Frontwave will be closed in observance of the following holidays this quarter:

Express Line 800.829.7676 Member Solution Center 760.631.8700 or 800.736.4500 Mon-Fri: 7am – 6pm, Sat: 9am – 4pm Autoland 800.234.6999 Enterprise Car Sales 800.CAR.SALES GreenPath Financial Wellness 877.337.3399 Frontwave Investment Services 760.439.6960 Frontwave Insurance Services, LLC 844.788.0820

As of May 31, 2023 Members: 122, 709 Assets: $ 1,389,448,485 Total Shares: $ 1,207,053,229 Loans Outstanding: $ 920,058,188

Independence Day Tuesday, July 4, 2023 Labor Day Monday, September 4, 2023

As always, Express Line, Online Banking, Mobile Banking, and ATM services are available to you 24/7.


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