Frontwave Credit Union belongs to its Members. The Board of Directors serves with that responsibility front and center, acting as stewards of what Members have built together and guardians of the Credit Union’s long-term strength. This past year brought growth, change, and moments that demanded clear judgment. Through it all, the Board remained focused on what matters most: making decisions that strengthen Frontwave today while delivering lasting value for the Members we proudly serve. Financial Performance Frontwave delivered strong financial results through prudent management, strategic decision making, and a commitment to providing meaningful value to our Members. We strengthened our financial position with a record net income of $10.7 million in 2025 while maintaining a well-capitalized net worth ratio of 8.91% following the purchase and acquisition of Community Valley Bank. Assets increased to $1.7 billion, demonstrating strong growth alongside an ongoing dedication to financial stability. We remain focused on driving efficiency while also investing in infrastructure and technology to deliver a better experience for our Members.
After careful review, the Board approved the acquisition and integration of Community Valley Bank. This decision expanded our field of membership into Imperial Valley and strengthened our ability to serve Members, expand business banking services and support communities across the region. By increasing our scale and service capabilities, Frontwave is better positioned to support local businesses, strengthen local economies, and meet the evolving needs of the Members who rely on us every day. Strategic Expansion to Better Serve Members
Delivering Value Through Member-Focused Offerings
Strong governance turns strategy into everyday value. The Board’s role is to ensure those offerings solve real problems, protect Members’ money and make banking easier. Over the past year, we approved capital investments in enhanced fraud protection, improved membership and loan application system, improved communication with text, chat, and webchat, the replacement of our entire fleet of ATMs, and delivered more value and protection with our Elite and Elite Plus Checking accounts. This disciplined approach allows Frontwave to deliver value Members can see and feel while safeguarding the shared assets entrusted to the Credit Union.
Made with FlippingBook - professional solution for displaying marketing and sales documents online