Frontwave Briefing | Fourth Quarter 2021

This is Frontwave Credit Union's Member Newsletter for Fourth Quarter 2021.

Briefing Frontwave Credit Union Member Newsletter | Fourth Quarter 2021

Got big home improvement dreams?

rates make it easier than ever to take on those big projects that can really build equity. One popular upgrade for many homeowners is the addition of solar panels to their home. It can be a great way to save money on electricity, all while helping the environment. A low-cost Solar/ Energy-Efficiency Loan from Frontwave can help you get the job done, and make other energy- efficient upgrades at the same time. For example, you can reduce your energy bills further with new energy-efficient windows, solar hot water, or energy-efficient cooling, just to name a few. When you jump on the solar bandwagon today, you’ll not only get a great low rate and energy savings, you can also take advantage of federal tax credits before they decrease!* Thinking of making other upgrades around the house, like remodeling

FR-3379649.1-1220-0123 *Consult your tax advisor. **For owner-occupied properties. Ready to get the renovation started? Before you put on the work gloves, submit your application online at (no safety glasses required). your kitchen, revamping that outdated master bath, or finally putting in that pool? We got you covered with our Home Equity Loans! We’ve got options no matter what your needs. Planning a one-time renovation? Borrow up to 80% of your home’s value** with a fixed-term, fixed-rate Home Equity Loan. You’ll get a set monthly payment for the term you choose, with options ranging from 5 to 20 years. Got lots of projects planned over time? A variable-rate Home Equity Line of Credit might just fit the bill, allowing you the flexibility to dip into up to 100% of your home’s value over time as you need to.

What do your favorite rock bands and some of the most successful companies have in common? They started in their garage. Your home is way more than a house. It’s part of your origin story. And at Frontwave, we’ll not only help you get your story started with a new home loan, we’ll help you write the next chapter with tools to make your place the dream home you’ve always wanted. Beyond just personal preference, investing in home upgrades can help boost your home’s value should you decide to sell in the future. And today’s low interest We’ve got the tools to make them happen.



Fourth Quarter 2021

the military. If that isn’t a winning combination, I don’t know what is. Speaking of serving our Members for nearly 70 years, in 2022, we’ll get to drop the “nearly” as we officially celebrate our 70th anniversary. A lot of things have changed since 1952, but one thing that hasn’t changed is our commitment to our Members. Everything we do, from the products and services we offer, to the workshops we host, to the community events and organizations we sponsor, it’s all about supporting our Members and our community. So it should come as no surprise that Members (you!) will be a big focus of our 70th anniversary celebration. Be sure to stay tuned for details! As we enter the final quarter of the year, I encourage you to take advantage of everything we offer to make sure your financial house is in tip-top shape. Now’s a good time to take a look at where you stand and where you want to go over the next 6-12 months. Want to build your savings? Opening up a Share or Saver Certificate can help you get there faster. Hoping to get into a new home? Check out one of our upcoming award-winning home buying seminars. You’ll get all the tips and tricks you need to know. And of course, we’re standing by when you need financing for that new place. If you’re not quite sure where to start, that’s OK, too. Did you know we offer free financial checkups? Simply swing by a local branch or give us a buzz at 800.736.4500 and we’ll hook you up with one of our friendly financial experts. Whatever your goals, remember to dream big. We got you!

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’ve added the option to easily add a savings account, certificate, or money market account right inside online banking. Just tap on “Quick Apply” in the menu, then click on the “Add an account” banner (look for the piggy bank). • We revamped the process of updating notifications in online banking to make it quick and easy. Simply click on the “Alerts” icon in the “More” menu to add, remove or change notifications for everything from automatic withdrawals and debit card transactions, to direct and mobile deposits. • We made it possible to view or hide your full account number in the Account Details tab on the Frontwave mobile app. 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!

Bill Birnie, President/CEO Notes from the CE0

I’m excited to share some outstanding news with you this quarter – Frontwave was awarded Credit Union of the Year for 2020 by the Department of the Navy! We received this honor for the distinguished service and financial education our Frontwave crew provides to Marines, Sailors and civilians aboard Camp Pendleton. It’s the fifth time in the last seven years we’ve been honored with this award (with previous wins in 2014, 2015, 2016, and 2017), and it’s great to be back on top. We’ve been serving Marines and Sailors for nearly 70 years, and we do it well. Scratch that. We do it the best. In 2020 alone, we made over 55,000 Marine connections for group and individual training and education. We don’t just give our Members a place to bank, we help make their financial dreams come true. We give them the tools and education they need to achieve financial success both in and out of Annual Meeting 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 30, 2022 at 5:00 pm at Frontwave’s Corporate office:

1278 Rocky Point Drive Oceanside, CA 92056



Fourth Quarter 2021

What to know as markets look forward. Provided by Kathy L Chesney, CLU ChFC and Leslie Myers CWS, CRC Mixed Signals on Inflation

Looking to Save on Your Insurance? Do your insurance premiums keep going up every year? Has it been a while since you’ve shopped around for quotes? 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 today by calling 844.788.0820 . • Auto & Motorcycle Insurance • Home & Renters Insurance What’s New on the Frontwave Blog Want insights and advice from our financial experts? Check out the Frontwave blog where we serve up new posts every week on topics like: • 4 Ways to Boost the Interest You Earn • Avoiding Auto Warranty Scams • The Pros and Cons of Buying vs. Renting You’ll also get to meet some of our Dream Makers and learn more about their roles here at Frontwave. Visit to check it out ! 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. • Life Insurance • Pet Insurance • And More!

A re you having a tough time keeping track of inflation’s mixed signals? You’re not alone. Consumer prices in July climbed at their fastest rate since August 2008. Worse, producer prices, which can be an indicator of future price changes at the consumer level, rose at the highest rate since tracking began. 1 However, in recent weeks, the stock market has shrugged off the inflation news, believing that the worst is over and rising prices will moderate in the future. It’s important to remember that the stock market is a discounting mechanism, which means it’s always looking forward. Put another way, the stock market’s price today represents all available information about current and future events. How far forward is the stock market looking? Most would agree it’s

Kathy and Leslie may be reached at 760.439.6960 or kathy.chesney@ and leslie.myers@ thanks to the mixed messaging we’ve seen lately, please reach out. We’d welcome the chance to hear your perspective. “discounting” activity six to nine months into the future. 2 Does that mean inflation will be lower in six to nine months? That’s what the stock market is suggesting. But the stock market also has a less-than-perfect record as a discounting mechanism, largely because the future is somewhat unknowable. 2 Inflation is just one factor to consider when making adjustments to a portfolio. But if you’re unsure,

Investing involves risks, and investment decisions should be based on your own goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. The S&P 500 Composite Index is an unmanaged group of securities considered to be representative of the stock market in general. Index performance is not indicative of the past performance of a particular investment. Past performance does not guarantee future results. Individuals cannot invest directly in an index. 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. Citations: 1. CNBC, August 11, 2021; 2., April 28, 2021 Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/ SIPC, a registered broker/dealer and investment advisor. 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. 08182021-LA-3799



Fourth Quarter 2021

Upcoming Financial Workshops

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

CO-OP ATMs & Branches

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 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, November 17 @ 6:30 pm • Wednesday, October 13 @ 6:30 pm • Wednesday, November 10 @ 6:30 pm • Wednesday, December 8 @ 6:30 pm 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’ll give you tips and tricks to make your buying process as easy as possible. 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. Columbus D - Monday, October 11 Veteran’s Day - Thursday, November 11 Thanksgiving - Thursday, November 25 Christmas - Saturday, December 25

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 Interested in investing and planning for retirement? We’ve got workshops for that, too! Go check out for more info. 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, October 20 @ 6:30 pm • Wednesday, December 15 @ 6:30 pm 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

Stay Connected

STATISTICAL REPORT As of November 30, 2019 Members: 91,614 Assets: $890,891,398 Total Shares: $757,133,421 Loans Outstanding: $603,949,171 Follow us on Facebook, Instagram and Twitter for all the latest credit union news, contests, workshops and more! As of August 31, 2021 Me bers: 117,263 Assets: $1,177,645,565 Total Shares: $1,033,187,509 Loans Outstanding: $619,73 ,461

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