Frontwave Briefing | Fourth Quarter 2024

This is Frontwave Credit Union's Member Newsletter for Fourth Quarter 2024

Briefing Frontwave Credit Union Member Newsletter | Fourth Quarter 2024

No Tricks, Just Treats Simple Ways to Tackle Your Money Fears

As Halloween approaches, tackling financial goals, budgeting and saving might seem as eerie as a haunted house. Don’t let money fears spook you—turn financial frights into delights with simple steps toward a better future. How scary are finances? A recent survey found nearly 70% of U.S. consumers fear something about their finances. The biggest fears? Making ends meet (38%) and saving for emergencies (26%). If you’re feeling overwhelmed, you’re not alone. Let’s break the spell and take the first step to financial freedom. Educate Yourself Knowledge is power, especially with money. Start by mastering budgeting, saving and managing debt to ease anxiety and gain control. Tackle credit scores, interest rates and debt repayment next. Ready to invest? Learn about compound interest and diversify your portfolio to grow wealth. Not sure where to begin? Start with books like The Total Money Makeover or Rich Dad Poor Dad. Visit sites like Investopedia, NerdWallet, or Money Under 30. Listen to podcasts like The Dave Ramsey Show, SO Money or How to Money. Apps like Monarch, YNAB, Honeydue, and NerdWallet can help you stay on track. Start Simple Life’s going well, then suddenly everything changes. A new car, marriage, kids or a house. You wake up in a cold sweat, white as a ghost, panicking about your finances. But a few simple steps can get you back on track.

and subtract them from your income. If things don’t balance, make small changes—skip the coffee or eat out less—and picture the reward: a paid-off bill, lounging in the Caribbean or taking your new bike for a ride. Finally, pay yourself first! Set up automatic transfers to savings and let your money grow. Out of sight, out of mind. Want to make your money work harder for you? Check out our flexible Saver Certificates.

Personal finance doesn’t have to be complicated. Start with a 1-2-3 plan: set a goal, budget and save. Start small, build momentum and adjust as you go. Set a short-term goal with a deadline— like paying off a bill or saving for a trip. Not sure how? Try our online Savings Goal Calculator for help. Budgeting doesn’t mean penny- pinching. Focus on key expenses. Review your statements, list the essentials

1/6

Fourth Quarter 2024

frontwavecu.com

Years later, as a Gunnery Sergeant myself, I cashed in those bonds to open an investment account and was amazed at how much I’d saved, bit by bit. Those lessons in saving and budgeting helped my wife and me buy our first home and start our family—something I owe, in large part, to that Gunnery Sergeant’s wisdom. As we close out the year, now is the perfect time to make those small moves that can set you up for success in 2025 and beyond. Start a savings habit, set achievable financial goals or fine-tune your budget. You don’t need to wait for New Year’s resolutions—starting now takes that weight off your shoulders. It’s not about being perfect. It’s about making progress. At Frontwave, we’re here with you every step of the way. Whether you’re building a budget, paying down debt or retirement planning, our certified financial counselors are ready to help. We’ve all been there, and together, we can face whatever financial fear is holding you back. Let’s take that first step today, no matter how small it might feel. The path to financial confidence doesn’t have to be scary. After all, the most important lesson is simply moving forward, one step at a time.

I’ll never forget when I was a young Marine at Kaneohe Bay, Hawaii—not bad duty for a kid from Montana. Shortly after arriving, I competed for and earned a spot in the Reconnaissance Company. I could share countless examples of challenges I faced as a Recon Marine, but the one that stuck with me most wasn’t from the battlefield. After a week of tough training, the Company Gunnery Sergeant asked us one simple question: “What are you doing with your money?” With free housing, meals, and healthcare, our expenses were minimal. His point was clear—were we making the most of it? My answer didn’t sit well with him— and it wouldn’t be the last time. Turns out, I had a knack for getting the Gunny fired up. I proceeded to receive a 10-minute tongue-lashing on saving. He ordered me to set up an allotment to buy a Savings Bond every month—and I did because you don’t argue with a Marine Gunnery Sergeant! His advice didn’t stop there. He told me to increase my bond purchases with every promotion or pay raise. His final lesson? Live within your means and know the difference between needs and wants. While I admit to blurring that line at times, his advice stuck.

Notes from the CE0

Personal Finance

Bill Birnie, President/CEO As the leaves fall and Halloween approaches, many of us are reminded of our fears—especially when it comes to money. Whether tackling debt, building savings, or thinking about retirement, financial fears can freeze us in our tracks. It’s easy to feel stuck, not knowing where to start. But here’s the thing: even the best budgeters and investors have stumbled. I know I have, and I bet you have, too. What matters isn’t our mistakes—it’s how we recover and move forward. In the Marines, I learned that no obstacle is too big to overcome. The key is staying focused, learning from experience, and taking that next step. The toughest situations often teach the most valuable lessons.

tricks

TREAT & treats

Don’t Leave Money on the Table Grab every opportunity, especially when it’s free money. If your employer offers 401(k) matching, contribute enough to max it out—it’s free cash for your retirement. Don’t forget Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) for medical expenses; they offer tax breaks and help you prepare for future healthcare costs. In the military? The government adds 1% of your base pay to the Thrift Savings Plan. Contributing more boosts your retirement fund and reduces taxable income — a big win early in your career. Freelancers and business owners can secure their future with Traditional or Roth IRAs, SEP IRAs or a Solo 401(k). These options provide tax advantages and help you build long-term savings. Face Your Financial Fears and Win Finances don’t have to be a nightmare. Small, manageable steps can conquer your financial fears. Once you take the first step, you’ll see the real monster is uncertainty. Ready to stop running? Start small, build confidence and soon you’ll slay financial demons like a pro. These options provide tax advantages and help you build long-term savings.

You Need to Be Rich to Invest TRICK You can start investing in small amounts today.

Pay Yourself First

Automatically save a portion of your paycheck before anything else.

TRICK

TREAT

Compound Interest Even small savings grow big over time thanks to compound interest.

Budgets Kill Fun

Budgets allow fun spending while keeping financial goals on track.

TRICK

TREAT

Small Changes Matter Cutting small expenses, like coffee runs, can free up money for savings.

Credit Cards Are Bad

Credit cards can build credit and earn rewards when paid off monthly.

Kid$mart

Make a Savings Chart: Help kids set a savings goal for something they want, like a toy or a special outing. Create a colorful chart where they can track their progress each time they save money. It’s a great way to show them how savings add up over time.

Teaching kids about money and finances can be fun. Here’s our fun way to educate your little ones about making $mart choices that make ¢ents!

3/6

2/6

Fourth Quarter 2024

frontwavecu.com

Coast to Coast , We’ve Got You Covered When 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. Limited Time! Home Equity Loan at 6.75% APR Looking to make home improvements or need financial security? For a limited time, we’re offering a Home Equity Loan at just a 6.75% annual percentage rate (APR) for 15 years (click here for Full Disclosures). Whether consolidating debt, renovating your home, or preparing for emergencies, we’ve got you covered. Visit a branch, call, or apply online today—don’t miss out!

of Honor in 2022. Rothwell’s induction celebrated his unwavering dedication to supporting the financial well-being of service members and their families. His legacy at Frontwave is marked by both his leadership and his compassion for those he served. We celebrate Richard’s remarkable leadership and his lasting impact on our community. Semper Fidelis! Introducing Frontwave’s Business Banking We are excited to announce the launch of our new Business Banking products and services crafted exclusively for locally owned businesses. Whether you want to scale up or streamline operations, we’ve got you. From business checking and savings to loans, lines of credit and powerful management tools, Frontwave’s Business Banking has your back. Learn all about our new Business Banking on our website.

Celebrating Richard Rothwell’s 33 Years of Service After 33 years of dedicated service, Col. Richard Rothwell, USMC (Ret.), is retiring from Frontwave Credit Union’s Board of Directors. Throughout his tenure, including ten years as Chairman, Rothwell was a steadfast leader, guiding the Credit Union’s mission to provide safe, secure financial services to military members and veterans. His service has been defined by a deep commitment to the military community, reflective of his own 29-year military career in the Marine Corps. In recognition of his exceptional contributions, the Defense Credit Union Council (DCUC) inducted him into its prestigious Hall News & Notes

Frontwave Arena opened its doors on September 16, marking a new chapter for entertainment in San Diego County. Located in Oceanside, this 7,500-seat venue is the new destination for music, comedy, sports and community events. Home to the San Diego Sockers and NBA G-League’s San Diego Clippers, it features luxury suites, local craft food and an open-air plaza, promising an unforgettable fan experience. Frontwave Arena is Open!

Explore our North Carolina Home Loans

“We’re thrilled to welcome the community to Frontwave Arena,” said Bill Birnie, President and CEO of Frontwave Credit Union. “Partnering with a venue that shares our passion for delivering exceptional experiences is a true honor.” The arena debuted with the Gold Over America Tour, headlined by Simone Biles, and the inaugural concert with Cake. On October 8, the Clippers faced

the Brooklyn Nets in an exciting pre- season NBA game. Want in on the action? Frontwave members can save on tickets with the promo code FWAVEFUN. Skip the long lines using the VIP entry—just show your Frontwave debit or credit card. Visit the Frontwave Arena events page for a full listing of upcoming events.

Big News, North Carolina! We now offer real estate loans to help you make your next move. Whether buying a new home or tapping into your home’s equity, we’ve got the right loan for you—conventional, VA, jumbo or home equity loans. Explore your options and grab the best rate today!

To find a nearby CO-OP location, call 888.748.3266 or click the button below.

Learn More

Stay Connected Follow us on Facebook, Instagram and Twitter for all the latest credit union news, contests, workshops and more! Also be sure to check out our website for important updates, including modified branch hours. Visit frontwavecu.com/locations to learn more.

4/6

5/6

Fourth Quarter 2024

frontwavecu.com

Upcoming Frontwave Events

Upcoming Financial Workshops

Enjoy free financial education on your terms—whether relaxing at the beach or sipping coffee at your favorite spot. Register for our virtual workshops here. Can’t attend live? Access recordings at your convenience! RETIREMENT 101: THREE STEPS TO PREPARE Wednesday, December 11 @ 2:00 p.m. PT Protect your personal information! Join our Retirement 101 webinar to learn how much you need to save, understand your Social Security options and more.

HOLIDAY FOOD DRIVE When: November 4 – November 25 Where: Frontwave Credit Union, Oceanside, Escondido and San Marcos Branches Spread Joy This Holiday Season! Partnering with local shelters, we’re collecting non-perishable food items and essentials to support families in need. Your generous donations will make a significant impact. Drop off your contributions during our operating hours and help brighten someone’s holiday. HOME FOR THE HOLIDAYS: PET ADOPTION EVENT When: Saturday, December 7, 2024 Time: 9:00 a.m. - 1:00 p.m. PT Where: Frontwave parking lot, 1278 Rocky Point Dr., Oceanside, CA 92056 Find Your Furry Friend! Join us for our Home for the Holidays: Pet Adoption Event and help pets find their forever homes. Adoption fees are fully covered, and we welcome pet food donations or funds to support our partnering shelters. Let’s give these adorable animals the loving homes they deserve!

Frontwave Foundation Grants

STATISTICAL REPORT As of September 30, 2024 Members: 128,122 Assets: $1.49 billion Total Shares: $1.12 billion Loans Outstanding: $945 million • Complete the Grant Application • Visit our Foundation Website for more info The Frontwave Foundation provides grants to non-profit organizations in San Diego, Riverside and San Bernardino counties that support veterans, the hungry, the sick and the community. Eligible projects must align with our mission and demonstrate impact and sustainability. How to Apply:

IDENTITY THEFT, FRAUD, AND SCAMS Wednesday, November 13 @ 11:00 a.m. PT Feel prepared for your future! In this eye-opening session, learn essential tips to defend against identity theft and scams.

UPCOMING HOLIDAYS

Frontwave will be closed on the following holidays this quarter:

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

Veteran’s Day Monday, November 11 Thanksgiving Thursday, November 28 Christmas Day Wednesday, December 25 New Year’s Day Wednesday, January 1

Remember, Express Line, Online Banking, Mobile Banking and ATM services are available 24/7.

6/6

Page 1 Page 2-3 Page 4-5 Page 6

frontwavecu.com

Made with FlippingBook - professional solution for displaying marketing and sales documents online