Frontwave Briefing | Third Quarter 2022

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

Briefing Frontwave Credit Union Member Newsletter | Third Quarter 2022

How You Can Do Better Than 0% Financing

When it comes to auto loans, a 0% interest rate is a head turner. But it’s not always the best deal. Car dealerships generally advertise 0% offers in the summer when they’re looking to make room in the showroom for newer models. The offers come from the financing arms of the large auto manufacturers, who, unlike traditional lenders, profit directly off the sale of the car. But like any great deal — there’s a catch. The New York Times reports that only about 10% of consumers actually qualify for 0% interest loans, which require nearly perfect credit — usually a FICO score of 720 or higher. And the loans typically are reserved for a limited number of new models, and not available at all if you’re shopping for a used car, which obviously tend to cost less than newer models. These 0% loans often also are paired with shorter terms, such as 48 months, which cost you less overall but mean a higher monthly payment.

Before you head to the dealership, keep these tips in mind: Look at All Available Deals Check for other offers, such as cash back. If you can get a rebate — which lowers the overall price of the car — paired with a low-interest loan, it may save you more than the 0% financing. So be sure to crunch the numbers. The auto loan calculator on our website is a Before you get to the interest rate, finalize a sale price and stick to it. Do your research ahead of time so you know the true market value of the vehicle(s) you’re interested in. Then negotiate a price that’s fair for both you and the dealer. Don’t feel pressured to accept expensive add-ons like maintenance packages or extended warranties. Once you’ve nailed down all the details and the sale price is great place to start. Negotiate the Price

established, then you can talk about financing.

Get Preapproved Before You Shop Heading to the dealership with a firm offer in hand will give you a point of comparison and puts you in a stronger negotiating position. As a not-for- profit financial cooperative, Frontwave offers competitive rates and financing terms up to 96 months.* Plus, we’ll give you 0.25% off your rate if you sign up for automatic payments from your Frontwave checking account. These perks can really add up once you start to look at the fine print of a 0% offer. Getting pre-approved is easy! Simply use the “Quick Apply” tool in online banking or visit to submit your application today. You can also swing by a branch or give us a call at 800.736.4500. *On select model years and loan amounts.



Third Quarter 2022

Construction is underway, and we’re super excited to see the Frontwave Arena open its doors in late 2023 and to continue our relationship with the San Diego Sockers! We’re also super excited to see our new Frontwave Goodie2Crew out on the loose in our communities! For our 70th Anniversary, the Goodie2Crew is on a mission to give back to those who have helped us achieve such success. They kicked it off with a bang in May by surprising over 40 Marines, Sailors and civilians aboard Camp Pendleton with free gas. With prices at the pump these days, the gesture of appreciation was a welcome one! The Goodie2Crew also helped event-goers at the Beach Soccer Championships earn a $500 donation to youth soccer. And they delighted military families with free coffee and donuts at the last Armed Services YMCA Neighborhood Exchange. How cool is that?! These events are only the beginning, so be sure to keep your eye out for our Goodie2Crew coming to your way! Like musical theater? We’re sponsoring the Moonlight Amphitheater Summer Season – and we’re giving you a chance to win tickets! Simply fill out this form on our website. I can’t sing or dance. Seriously, it’s a terrible thing to see! But I love watching the amazing performances at the Moonlight. In my humble yet accurate opinion, they are every bit as good as what you’ll see on Broadway and the theater going experience is better! My family and I have been a patrons for more than 20 years, and I just love this place – so much so that I’m also a member of the Moonlight Culture Foundation Board of Directors. In case you missed it, I am more than a little passionate about everything we have going on here at Frontwave. If you love what we do as much as I do, I encourage you to invite your family and friends to see what Frontwave’s all about. Right now, you could earn $100 by referring a family member or friend to open a Frontwave checking and savings account – and they’ll earn $100, too! Check out all the details at Thank you for being a part of the Frontwave Crew!

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: • In mid-May, we rolled out a new Mobile Deposit experience inside the Frontwave mobile app that allows you to deposit checks with less typing and tapping. Plus, now you can deposit multiple checks at the same time and view your deposit history, including check images. • This summer, we’re bringing you an upgraded digital banking experience, including new navigation options and an enhanced mobile app with a slick, modern feel that makes it easier to access your favorite functions. Click here to get a sneak peek. Got any other feedback for us? The next time you get a survey from us, we really appreciate you telling us how you feel. Thanks for your Membership!

Notes from the CE0

Bill Birnie, President/CEO You would think that turning 70 years old would be an opportune time to take a break and rest on our laurels. NOT! In fact, we’re “kickin’ it up a notch!” Especially when it comes to making financial dreams come true. In June, we hit a significant milestone by funding over $100 million dollars in loans in less than six months! That’s $100 million in buying power for our Members to realize their dreams of getting a new car or buying a home! Thank you for putting your trust in Frontwave Credit Union! If you thought that was cool, check this out! Last month, the membership of Barstow Community Credit Union voted to merge with Frontwave, which means we’ll be adding over 1,300 new Members to our cooperative soon. Please join me in welcoming Barstow Community Credit Union’s members to the Frontwave crew! We’re excited to onboard these new members and will be finalizing the merger over the next few months. Stay tuned to for more details coming soon. The good news keeps coming! Frontwave has also inked a naming rights deal for the new San Diego Sockers arena being built Oceanside. That’s right, an all-new Frontwave Arena is coming to the neighborhood! The 170,000 square foot facility will not only host the 16X champion San Diego Sockers, but will also serve as an entertainment and community event hub for the entire North County region.

Call for Nominations

The Annual Meeting and election of officers for the Board of Directors (Board) and Supervisory Committee (Committee) of Frontwave Credit Union will be held March 29, 2023 at 5:00 p.m. at Frontwave’s Corporate office:

1278 Rocky Point Drive Oceanside, CA 92056

Volunteer Opportunities: Board of Directors: 3 positions with 3-year terms Supervisory Committee: 2 positions with 2-year terms If you’re a an active member and are interested in applying for nomination, you’re invited to submit an application via our website at Nominations must be submitted by close of business on September 30, 2022.



Third Quarter 2022

Minimizing Debt For Retirement

Chipping Away at Debt While doing away with all credit cards may be impractical, reducing your debt will help keep your finances in order and your fixed income more predictable.

annual fees. Also, if the cards include a high interest rate, it’s financially prudent to turn down the prospective rewards and instead look for a card with a lower interest rate. Nurture Your Credit You can receive a lower interest rate on a credit card if your credit score is strong. To improve your rating, pay your bills on time and minimize your debt.

Credit card usage is ubiquitous for Americans. Online purchases are just a click away when paying with a card, while other transactions — car rentals, for instance — require a credit card for both payment and security. Commensurate with credit card usage is carryover debt that accumulates each month, a financial strain for those entering retirement. There are a few key considerations for using a credit card once you’re relying on a fixed monthly income. When living on a fixed income, using a credit card as if it were income may deliver a short-term benefit — i.e., that big ticket item that looked too good to pass up — but it comes at a long- term cost: an inability to sustain your standard of living. While paying for groceries and other necessities is convenient with just a swipe or tap at the register, unless you can pay off the balance each month, you’ll incur a credit card bill that accumulates finance charges each month, making it an increasingly formidable debt to discharge. What to Consider When Considering a Credit Card Not all credit cards are alike. When assessing whether to sign up for a card, consider your intended use. Cards with enticing rewards programs may be appropriate if you’re paying off the balance each month, though these programs typically come with hefty Provided by Kathy L Chesney, CLU ChFC and Leslie Myers, CRC

Kathy and Leslie may be reached at 760.439.6960 or and

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. Kathy Chesney and Leslie Myers are registered representatives with, and 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 atnd not affiliates of Frontwave Credit Union or Frontwave Investment Services. Securities and insurance offered through LPL or its affiliates are:

Not Insured by NCUA or Any Other Government Agency

Not Credit Union Guaranteed

Not Credit Union Deposits or Obligations

May Lose Value

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.

• Auto & Motorcycle Insurance • Home & Renters Insurance

• Life Insurance • Pet Insurance • And More!

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.



Third 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 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. • Wednesday, July 13 @ 6:30 pm • Wednesday, September 14 @ 6:30 pm 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. • Wednesday, August 10 @ 6:30 pm Upcoming Financial Workshops

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! • Live! @ The Plateau Summer Concert Series - Saturdays, July 2- August 6 • Oceanside Longboard Surfing Club Contest - August 12-14 • Super Girl Surf Pro -September 16-18 • Oceanside Harbor Days - September 17-18

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, August 17 @ 6:30 pm IP 101, Intro to Intellectual Property 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, your ideas and your creations. • Wednesday, July 20 @ 6:30 pm

We’ve got you covered coast-to-coast!

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

Visit for more info or to register today!

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 observance of the following holidays this quarter: Express Line, Online Banking, Mobile Banking, and ATM service will be available as usual. Independence Day Monday, July 4 Labor Day Monday, September 5

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 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

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 May 31, 2022 Members: 118,012 Assets: $1,220,116,366 Total Shares: $1,078,334,367 Loans Outstanding: $732,550,191

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