GIVE360
Supervisory Committee REPORT
EVENTS
We believe in the power of community and the impact of meaningful partnerships. That’s why we’ve created Frontwave Give360, Frontwave Credit Union’s comprehensive, 360-degree approach to giving, ensuring every dollar raised and every resource donated is reinvested directly into the local organizations that strengthen the neighborhoods where we live and serve.
Our mission is simple: Foster a brighter future by empowering organizations to thrive and helping build stronger, more resilient communities, one partnership at a time.
PETS ADOPTED 26
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 2024, the Supervisory Committee contracted with the Certified Public Accountant firm of SingerLewak LLP to perform an independent audit of the Credit Union’s financial statements. In their opinion, the financial statements were presented fairly and, in all material respects, the financial position of Frontwave Credit Union as of December 31, 2024, is sound. The
results of operations and cash flows for the year were in accordance with Generally Accepted Accounting Principles (GAAP). The financial statements in this Annual Report are unaudited, since they reflect January through December 2024. 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.
PEANUT BUTTER DRIVE
SEMI-ANNUAL PET ADOPTION EVENT
800 lbs OF PET FOOD DONATED
Matched 26 pets with homes and donated 800+ pounds of pet food to local shelters.
Collected enough peanut butter for 3,000+ sandwiches to support the San Diego County Food Bank.
200 lbs PEANUT BUTTER DONATED
1k lbs FOOD DONATED TO BROTHER BENNO’S
ASYMCA SANTA’S WORKSHOP
HOLIDAY FOOD & CLOTHING DRIVES
Led holiday drives, donating 1,500+ pounds of food and mobilizing branches to support local nonprofits.
Spread cheer to 1,000+ military kids with toys, essentials, and holiday magic, plus a festive hot cocoa bar!
Robert Ross Chairman, Supervisory Committee
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