The Supervisory Committee is responsible for ensuring that the assets of Frontwave Credit Union are safeguarded, an independent audit is performed annually, and appropriate controls exist to ensure compliance with management’s objectives and regulatory requirements. The Supervisory Committee is made up of volunteer members who independently evaluate the strength, safety, and soundness of the credit union’s operations and activities. As an independent and objective body, the Supervisory Committee engages in regular monitoring of financial reporting, verification of membership account balances, compliance with legal and regulatory requirements, and oversight of independent auditors and internal controls. In 2023, the Supervisory Committee contracted with the Certified Public Accountant (CPA) firm of SingerLewak LLP to perform an independent opinion audit of the credit union’s financial statements. In their opinion, the financial statements were presented fairly in all material respects, and the financial position of Frontwave, as of December 31, 2022, and the result of operation and cash flows for the year ended were reported in accordance with Generally Accepted Accounting principles (GAAP). Supervisory Committee Report
The financial statements in this Annual Report are unaudited, since they reflect January through December 2023. The Supervisory Committee is satisfied that the records reflect Frontwave Credit Union’s financial condition and that it continues to operate with strong internal controls in accordance with board policies and the credit union procedures. The Supervisory Committee wishes to thank the Board of Directors, Executives, Management and employees for their diligence, support, and dedication to the wellbeing of our membership and of Frontwave Credit Union. The Supervisory Committee wishes to thank our members for your continued confidence and trust in Frontwave Credit Union. Robert Ross Chairman, Supervisory Committee
2023 LEADERS
Brian Sutton Chairman
Joseph Mitilieri Vice Chairman
Michael Brigagliano Director
Kelley Mayer Treasurer
Gary Greving Secretary
Sally Arnett Director
Gerald Polyascko Director
Richard Rothwell Director
Amanda Cook Director
Bill Birnie President/CEO
WEBSITE frontwavecu.com MEMBER SOLUTION CENTER 800.736.4500 EXPRESS LINE 800.829.7676
LOCATIONS
Barstow Camp Pendleton - Mainside Camp Pendleton - Pacific Plaza Camp Pendleton - SOI Escondido Oceanside - Fire Mountain Oceanside - Rancho Del Oro
San Diego - MCRD San Marcos Temecula - Winchester Twentynine Palms Wildomar Yucca Valley
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