Frontwave Newsletter Q1_2024_Digital_FINAL

This is Frontwave Credit Union's Member Newsletter for First Quarter 2019

Briefing Frontwave Credit Union Member Newsletter | First Quarter 2024

How to Practice Financial Self-Care

At Frontwave Credit Union, we believe in empowering our members to take control of their money and pursue their financial goals with confidence. That’s why we’ve put together some tips for practicing financial self-care and being mindful with your money. Set a Budget First and foremost, budgeting is key. It’s important to have a clear understanding of your income and expenses, and to create a plan for how you’ll allocate your money each month. This can be as simple as using a spreadsheet or budgeting app to track your spending, or as detailed as creating a comprehensive budget that takes into account everything from your rent or mortgage to your daily coffee habit. Whatever method works best for you, the important thing is to be realistic and consistent with your budgeting. Conquer Your Debt Whether it’s student loans, credit card debt, or a mortgage, debt can be a major source of stress and financial burden. Start by prioritizing your debts and creating a plan to pay them off. Consider consolidating high-interest debts or negotiating with creditors to lower interest rates or payment plans. Remember, even small payments can make a big difference over time. Save for Retirement Funding your retirement is also crucial to your financial well-being. It’s never too early (or too late) to start saving for retirement, and the earlier you start, the easier it will be to reach your goals. Consider opening a retirement account, such as an IRA or 401(k), and contribute regularly. If your employer offers a 401(k) matching program, be sure to take advantage of it.

Create an Emergency Fund Another important aspect of financial self-care is creating an emergency fund. Unexpected expenses can and will happen, whether it’s a medical emergency, car repair, or job loss. Having a cushion of savings to fall back on can help ease the stress of these situations. Aim to save at least three to six months’ worth of living expenses in an easily accessible savings account.

We Got You Whether you’re saving for a down payment, starting a business, or planning for retirement, we’ve got you. We’re here to support you every step of the way, with personalized guidance, competitive rates, and a strong sense of community. So, dream big and take control of your financial future. With a little mindful money management and a lot of determination, anything is possible.


First Quarter 2024

of surprising and delighting many of you with giveaways from our Goodie2Crew. These moments of joy and connection remind us of the power of community and our shared values. Furthermore, we have made significant strides in our digital banking services to ensure that you have the most convenient and secure banking experience. Our goal is to empower you on your journey towards financial success, providing you with the tools and resources you need to achieve your dreams. Frontwave Credit Union has always been dedicated to community outreach, and we are proud to continue this tradition. From sponsoring local events to supporting charitable organizations, we are deeply committed to making a positive impact in the communities we serve. As we look back on the past year, we see a journey filled with growth and transformation. But our journey does not end here. We are excited to announce the highly anticipated opening of the Frontwave Arena later this year. This arena will not only be the new home of the San Diego Sockers but also a vibrant hub for the community. It will be a place where people can gather, turn moments into memories, and celebrate the spirit of togetherness. Frontwave Credit Union is proud to be a partner in this fantastic project, further serving our community and enhancing our shared experiences. In closing, I want to express my sincere appreciation for your trust and loyalty. At Frontwave Credit Union, we are committed to serving you, our members, and helping you turn your financial dreams into reality. Together, let’s continue our journey towards success, with zero excuses and the belief that you can dream big. We are here to support you every step of the way. Wishing you a year filled with prosperity, joy, and endless possibilities!

• With our new Quick Apply Experience , you can instantly add a Money Market Account to an existing membership. When we say we are 100% committed with zero excuses, we mean it. We value the feedback you give us, and consistently take action to make improvements. Thanks to your input: • Joint members for accounts can now register for online banking. • Card management features allow you to bank the way you want with the flexibility to manage your cards anytime, anywhere. Block your card, set transaction limit alerts, or inform us about your travel plans with online banking. Access your card management tools via online banking or on our website at And we’re not the only ones excited about this latest update. Check out some of the feedback we received in our most recent Member survey: You Spoke. We Listened!

Notes from the CE0

Bill Birnie, President/CEO As we embark on the exciting journey of 2024, I want to express my heartfelt gratitude for your continued support and trust in Frontwave Credit Union. It is because of you, our valued members, that we have achieved remarkable milestones and accomplishments over the past year. Throughout 2023, we have remained committed to our mission of serving our members and supporting the communities we are proud to be a part of. Our dedication to you, our members, is unwavering, and we are determined to make Frontwave Credit Union the best place you have ever banked. One of the significant highlights of the past year was the launch of the Frontwave Foundation. This foundation embodies our commitment to creating positive change and amplifies our efforts in supporting the communities we serve. By contributing to the Frontwave Foundation, you become part of a movement that strives to build a brighter future for all. Together, we can make a real difference. In addition to the Frontwave Foundation, we had the pleasure

...In a world of technological advances there are less and less physical people to speak to. Frontwave has maintained the same services with new technology and is committed to helping people... – Jaime S.

Have more feedback to share? The next time you receive a survey from us, we greatly appreciate your communication. Thank you for your loyal Membership!

Stay in Touch In and out of our branches, we like to rub 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.

Annual Meeting

Join us March 27, 2024 at 5:00 pm to hear about the state of the credit union from our Board of Directors and to review the annual report. All Members are invited to attend:

Frontwave Credit Union 1278 Rocky Point Drive Oceanside, CA 92056


First Quarter 2024

Increase Investments Potential Faster with Early Contributions Investing early and often, such as a small recurring investment over a long period of time, has the potential to produce greater returns than investing a larger amount over a shorter period of time. For instance, if you invest $75 a month beginning at age 25 and continue until you are 65, your earnings will be greater than the 35-year-old who invested $100 a month until reaching 65 (assuming an equal rate of interest for each). (This is a hypothetical example and is not representative of any specific investment. Your results may vary.) Review Your Plan Establishing a financial plan is not a one- and-done proposition. Review your plan at least annually, revising it as necessary to align with your financial goals.

The Basics of Financial Fitness

Provided by Kathy Chesney, ChFC, CLU and Niko Pandeleos, Associate Financial Advisor

Budget Crunch As a first step, make a reasonable and practical budget, assessing your income and expenses (by month, if possible), to understand your cash flow and identify areas where you can trim costs. Revisit and revise your budget regularly to make sure it aligns with your personal circumstances. Save for Unexpected Expenses Prepare for unexpected expenses, such as a medical emergency or major home repair, by establishing an emergency fund that can pay for these costs. (Ideally, you want to keep three to six months’ worth of living expenses in the fund.) Without such a backup source of payment, you may have to incur credit card debit, which can be unwise. Regularly Assess Your Goals Think about your short-, medium- and long-term goals at least once a year. Do you want to pay off your student debt, buy a new home, or travel during retirement? Do you have enough set

aside to pay an upcoming tax bill? Your long-term goals may not change often, but your short-term goals, such as paying bills and reducing debts, may need to be reevaluated several times a year. Stay Credit-Worthy Check your credit report periodically to make sure there are no errors, while also using it as a tool to make sure that you’re paying your bills on time and staying within your established credit limits. Such actions will help increase your credit score. Note: You are entitled to a free copy of your credit report annually from the three major credit reporting companies, Experian, Equifax, and TransUnion. Establish Long-Term Financial Goals Saving for your retirement is a personal decision that will help shape your lifestyle during your Golden Years. It’s never too early (or late) to work with a financial professional to strengthen your retirement plan.

Kathy or Niko may be reached at 760.439.6960, or

Looking to Save on Your Insurance? Do your insurance premiums keep going up every year? Frontwave Insurance Services can help! A one-stop shop for all of your insurance needs, Frontwave Insurance Services can find the best insurance for you at the best price. Get a free, no-obligation insurance quote by visiting insurance or calling 844.788.0820. • Auto Insurance • Motorcycle Insurance

• Home Insurance • Renters Insurance • Life Insurance • Pet 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.


First Quarter 2024

What’s better than free financial education? Getting it from the comfort of your couch! At no cost and no obligation, you can register for one of our virtual workshops today at Upcoming Financial Workshops Social Security and Retirement Regardless of when you plan to retire, Social Security will likely be an important part of the road ahead. Determining when to begin benefits could be one of the biggest financial decisions you face, and there are key issues to consider. Topics covered will include: What are the rules for starting your Social Security benefits? How do spouses coordinate their benefits? Are there different routes to take that could potentially increase your benefits? • Wednesday, March 13 @ 6:00pm PST How do you decide where Social Security fits within your retirement plans? • Wednesday, February 14 @ 6:00pm PST

Road to Retirement Are you ready to retire? You might be prepared for the financial transition, but you’ll experience lifestyle and emotional transitions as well. We can help you understand these upcoming changes and provide the information you need to better prepare for this exciting season of your life. Working together, we’ll gain clarity and confidence about your path to retirement. In this session, you will learn the answers to your questions, including: How do I get the most from my pension and Social Security? How should I invest to generate income during my retirement? How can I make sure that I can meet my health care needs? What sources of income should I draw upon and when? • Wednesday, March 27 @ 6:00pm PST

• Wednesday, February 28 @ 6:00pm PST Rethinking Diversification In today’s volatile market, retirement savers face new challenges. Traditional portfolio diversification may no longer be the answer to growing your savings without the risk of losing it all. Luckily, there are new ways to manage investment risk. You’ll learn the answers to your investment questions, including: What is traditional portfolio diversification? How has the investment landscape changed? How can you achieve your goals with low amount of risk? How can new annuity options help you rethink diversification?



STATISTICAL REPORT As of December 31, 2023 Members: 124,372 Assets: $1,429,880,748 Total Shares: $1,203,417,728 Loans Outstanding: $944,205,392

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

Presidents’ Day Monday, February 19, 2024

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


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