Frontwave Briefing | Second Quarter 2022

This is Frontwave Credit Union's Member Newsletter for Second Quarter 2022

Briefing Frontwave Credit Union Member Newsletter | Second Quarter 2022

Making the Most of the Equity in Your Home

Home values across San Diego, Riverside and San Bernardino Counties have been on what feels like a meteoric rise over the past several years. That’s not just good news for folks looking to sell their home. It’s also good news if you’re happy where you are, because it means you’ve now got more equity in your home. What are the benefits of having equity? Home equity is a powerful financial tool. Simply put, it’s the difference between how much you owe on your mortgage and the current value of your home. So if your home is worth $500,000 and you owe $300,000 on your mortgage, your equity is $200,000. That’s essentially a $200,000 stash of cash that you can borrow against if you choose to, much like you borrowed to get your first mortgage. And because the money you borrow is secured by collateral (your home), the interest rates and terms are generally much better than what you’d get with an unsecured loan like a credit card. What can I do with my home’s equity? The sky is practically the limit! You can use a home equity loan to: • Finance home renovations or repairs, such as upgrading the kitchen, converting to solar or replacing the roof • Consolidate and refinance higher- interest rate debt — with a lower interest rate, more of your payment will go toward paying off principal, so you can pay off debt faster • Finance an education — for a loved one or yourself How can I tap into my equity? A Frontwave home equity loan or line

of credit (HELOC) is just the ticket. Our home equity loan allows you to borrow up to 100% of your primary home’s value, or 80% for a second home property, at a fixed rate. You pick the term – 5, 10, 15 or 20 years – and you get to borrow your equity all at once. This can be a good option for one-time large expenses. Expecting to have multiple expenses over time – for example, for home repairs or tuition? Our Frontwave home equity line of credit offers the flexibility of borrowing just what you need when you need it, all with one simple application process. You can borrow up to 100% of your primary home’s value, and tap into those funds as needed with checks. What else do I need to know? A home equity loan or line of credit can be a great way to finance big

expenses. But there are some things to keep in mind. For example, while home prices are on the rise today, they could fall in the future. If you use up all of your home’s equity now, you could end up owing more than your home is worth. That could make it harder to sell your home or refinance your mortgage, at least until home values rise again. Of course, if you ever have any concerns about your loan or your ability to make your payments, be sure to contact your lender right away. We’re here to help! Ready to make the most of your home’s equity? Visit to check rates or apply for a home equity loan or line of credit today. If you have any questions, feel free to give our friendly Home Loan Consultants a buzz at 760.631.8717.



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300,000 loan payments. All from the comfort of your home, your car, at work, or maybe even while you’re enjoying some amazing tapas at your favorite restaurant in Madrid! You literally have access to your accounts from anywhere, at any time! And it’s only going to get better and better. Frontwave Credit Union has Members in every state of the Union and numerous countries abroad. This year, we’ve committed to a digital-first strategy, which will enable us to better serve our diverse Membership. We’ll be focusing on streamlining processes and leveraging innovative technologies to make digital transactions even more seamless and easy – well into the future. While there’s been a lot of change in the past 70 years, one thing remains the same – our steadfast commitment to our Members and the communities we serve. Since our humble beginnings, we have always fought to be a force for good. That fight continues today, from becoming one of the first local financial institutions to offer Paycheck Protection Program loans in 2020, to supporting over 180 military and community organizations through sponsorships, events and volunteerism in 2021. We ARE 100% committed to your financial success. Did you know you can make an appointment for a financial check-up right on our website? Check it out! We can help you assess where you stand today, and explore what steps you can take to help reach your financial goals. Best of all – it’s absolutely free ! Want to get into the habit of saving? I encourage you to take advantage of our special 12 month Saver Certificate offer available only through April 30, 2022. It’s a great way to build a rainy day fund or save for your next big purchase. We have 12 month Saver Certificates for both military and community Members available at rates that are WELL above market. Deposit up to $500 into your Saver Certificate

each month and you’ll be amazed how much it can grow! We only offer this once a year, so get it while the getting’s good. Thank you for your loyal Membership – and here’s to many more years of financial success, together!

Bill Birnie, President/CEO Notes from the CE0

You Spoke. We Listened! When we say we want to do

everything we can to make your Frontwave experience great, we mean it. We value the feedback you give us, and take action to make improvements. Thanks to your input: • We revamped the mobile app Bill Pay experience to make it easier to set up payments, schedule automatic payments, and track your upcoming payments and history. • We increased our per check, daily and monthly mobile deposit limits to make it easier to deposit more checks through the mobile app. Haven’t tried mobile deposit yet? Download the app today and snap away to save some gas! Got any other feedback for us? We want to hear it! The next time you get a survey from us, we really appreciate you taking a few minutes to tell us how you feel. Thanks for your Membership! Congrats to our Newly Elected Board Members Thank you to all who voted in our 2022 Annual Election for the Board of Directors. The results were announced at the Annual Meeting on March 30, and we are pleased to welcome 1 new Director and welcome back 3 incumbents: • Amanda Cook • Kelley Mayer (incumbent) • Gerald Polyascko (incumbent) • Richard Rothwell (incumbent)

This year we celebrate our 70th Anniversary! I can’t express how grateful we are for our Members and how proud we are of our growth and evolution over the past seven decades. As many of you know, we got our start back in 1952 as Camp Pendleton Federal Credit Union, serving the financial needs of Marines, sailors, and civilian employees on base. It all started with just eight, forward- thinking civil service employees and $40 in assets. Today we have over 117,000 Members and $1.2 billion in assets. WOW! 70 years! Imagine what those eight founding Members would think of their credit union today! The Member experience has also greatly transformed. Gone are the days of lines snaking through the lobby and out the door, waiting to deposit a check, make a loan payment or even just check your balance. Remember paper loan applications? Can you even imagine having to fill that out today?! Thanks to online banking, all of that is a thing of the past. Today you can do almost everything from your phone. And the numbers show that you do! In 2021, we had over 86,000 active online banking users who logged in over 26 million times. 26 million! Together you deposited over 130,000 checks using the Frontwave mobile app and made more than

Save hard. Gain big.

*Learn more at



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An Estate Planning Checklist account statements, less paperwork for your heirs, and fewer administrative fees to bear.

What to check (and double-check)

Kathy and Leslie may be reached at 760.439.6960 or kathy.chesney@ and leslie.myers@ especially if your estate is complex enough to trigger financial, legal, and/ or emotional issues among your heirs upon your passing. This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment. Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC , a registered broker/dealer and investment advisor, which is not an affiliate of the credit union. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. CUNA Brokerage Services, Inc., is a registered broker/dealer in all fifty states of the United States of America. 06142017-WR-2128 Let your heirs know about the causes and charities that mean the most to you. Write down the associations you belong to and the organizations you support. Select a reliable executor. That person should have copies of your will, power of attorney documents, health care proxy or living will, and any trusts you create. In fact, any of your loved ones referenced in these documents should also receive copies of them. Talk to the professionals. Do-it-yourself estate planning is not recommended,

Provided by Kathy L Chesney, CLU ChFC and Leslie Myers CWS, CRC Create a will if you do not yet have one. A valid will may save your heirs from some expensive headaches linked to probate and ambiguity. A solid will drafted with the guidance of an estate planning attorney will likely cost you a bit more than a “will-in-a-box,” but may prove worth the expense. Complement your will with related documents. Depending on your estate planning needs, this could include a trust (or multiple trusts), durable financial and medical powers of attorney, a living will, and other items.

Review your beneficiary designations. Who are the beneficiaries of your retirement plans and/or insurance policies? If you aren’t sure, it is probably a good idea to go back and check the documentation to verify (or change) who you have designated as beneficiary. Create asset and debt lists. You should provide your heirs with an asset and debt “map” they can follow, so that they will be aware of the little details of your wealth. Think about consolidating your “stray” retirement and/or bank accounts. This could make one of your lists a little shorter. Consolidation means fewer

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 or calling 844.788.0820.

• Pet Insurance • Identity Protection • And More!

• Auto & Motorcycle Insurance • Home & Renters Insurance • Life Insurance

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.



Second Quarter 2022

What’s better than free financial education? Getting it from the comfort of your couch! Register for one of our virtual workshops today at Military Home Buying Upcoming Financial Workshops

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. • Wednesday, April 20 @ 6:30 pm • Wednesday, June 29 @ 6:30 pm

First-Time Home Buying What financial dream is bigger than owning your own home? We want to prepare you for what it will take and how to make the process easier. Frontwave Home Loan Consultant Autumn Roose will walk you through the steps it takes to become a homeowner. • Wednesday, April 13 @ 6:30 pm • Wednesday, June 15 @ 6:30 pm

You serve your country proudly and we’re proud to serve you. Let Frontwave Home Loan Consultant Autumn Roose 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. • Wednesday, May 11 @ 6:30 pm

Interested in investing and planning for retirement? We’ve got workshops for that, too! Visit for more info.

We’ve got you covered coast-to-coast!

Frontwave in the Community At Frontwave, we not only provide great financial services, we’ve made it our mission to be a positive force in the community. That means sponsoring community events and worthwhile causes – and we’d love to see you there! • 6th Annual “Golf with a Hero” Golf Tournament – Friday, May 20 • Oceanside Chamber Armed Forces Operation Appreciation - Saturday, May 21 • Miss Oceanside & Miss Teen Oceanside Scholarship Pageant – Saturday, June 4

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, call 888.748.3266 or visit

UPCOMING HOLIDAYS Frontwave will be closed in observance of the following holidays this quarter: New Year’s Day Wednesday, January 1 Martin Luther King Jr. Day Monday, January 20 President’s Day Monday, February 17 Express Line, Online Banking, Mobile Banking, and ATM service Follow us on Facebook, Instagram and Twitter for all the latest credit union news, contests, workshops and more! Stay Connected Fr t ave ill e cl se i observance of the following holidays this quarter: Express Line, Online Banking, Mobile Banking, and ATM service will be available as usual. Memorial Day Monday, May 30 Juneteenth (observed) onday, June 20

CONTACT US 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 Expre s Line 8 0.829.7676 Member Solution Center 760.631.87 0 or 8 0.736.45 0 Mon-Fri: 7am – 6pm, Sat: 9am – 4pm Autoland 8 0.234.6 9 Enterprise Car Sales 8 0.CAR.SALES Gr enPath Financial Wellne s 8 7. 37. 3 9 Frontwave Investment Services 760.439.6960 Frontwave Insurance Services, LC 8 4.7 8.0820

STATISTICAL REPORT As of November 30, 2019 Members: 91,614 Assets: $890,891,398 Total Shares: $757,133,421 Loans Outstanding: $603,949,171 As of February 28, 2022 Me bers: 117,729 Assets: $1,204,555,907 Total Shares: $1,072,598,673 Loans Outstanding: $652,327,780

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