Frontwave Briefing | First Quarter 2021

Briefing Frontwave Credit Union Member Newsletter | First Quarter 2021 Five Tips for Financial Fitness in the New Year

If you’re like a lot of people, you may have set New Year’s resolutions to improve your physical fitness. But have you thought about your financial fitness? Whether you’re just starting out or already well established, having a sound financial plan is key to achieving many of your dreams. The tips below can help you get started on the right track for financial fitness in the New Year. 1. Make a budget. Before you can work on your financial goals, you have to know where you stand now. A budget is a great way to do that. Start by adding up your monthly income. Then list of all your monthly expenses. Now subtract those expenses from your income. If the number is positive, great! You’re already on your way to saving for your goals. Got a negative number? Look for ways to cut back. Do you really need that $5 latte every morning? Could you cut the cord from cable? Small savings can really add up — and help you reach your goals. 2. Create an emergency fund. An unexpected expense or loss of income can really throw you off track.

4.Use credit wisely. Loans and credit cards can be helpful tools, if you use them correctly. Shop around for the best rates and terms. Always pay your bills on time, and pay more than the minimum due on credit cards. Try not to carry a balance that’s more than 30% of your credit limit. 5.Do regular financial checkups. A budget is great — if you stick to it. Compare what you’re spending to your budget often. Make sure you’re on track. Also be sure to monitor your bank accounts and credit cards regularly. Report any suspicious transactions right away.

Prepare ahead by setting aside a small amount of each paycheck, aiming to build up 3-6 months’ worth of living expenses squirreled away for a rainy day (or new brakes on your car, as the case may be). 3.Set SMART financial goals. Whether you want to buy a house, pay for your child’s college tuition or save for retirement, the key to reaching your goals is to break them down so they’re Specific, Measurable, Achievable, Relevant, and Time-bound. For example, you might set a goal to contribute 5% of your annual salary to your 401k, TSP or other retirement account by the end of the year.

Need help with your financial goals? Frontwave Investment Services* is offered to our Members as a way to help you map out your financial future. Our Advisors, Kathy Chesney and Leslie Myers, will work with you to determine your comfort level and financial

goals to create an investment timeline that will meet your needs. Regardless of where you are in life, the end result will be a strategy designed to protect, build and use your assets in the most advantageous way. To learn more or to schedule a no-cost no-obligation appointment, visit Frontwave Investment Services online or call 760.439.6960. *Frontwave Investment Services Advisors are registered representatives of CUNA Brokerage Services, Inc. Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, which is not an affiliate of the credit union. 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. FR-3379649.1-1220-0123

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ways to safely deliver personal finance education to the thousands of new Marines who came through the Marine Corps Recruit Depot this year. And of course, our frontline Dream Makers showed up in a big way to ensure safe and continued service to our Members throughout the year. So what’s on the horizon for 2021? I announced at the beginning of last year that our major focus would be on Operational Excellence. And we did strive to generate efficiencies and streamline processes. But with the curve balls thrown at us by the coronavirus pandemic, we may not have gotten quite as far as we’d hoped. So, that work will continue throughout 2021 as we seek to further improve and enhance our products and services and eliminate Member friction points. Our goal to provide you with an exceptional experience and be the best place you’ve ever banked remains steadfast. We’ve got some exciting plans to make that happen in the works, and I can’t wait for you to see them brought to life. Another big task for all of us this year is to VOTE in the upcoming Board Election! We have ten candidates running for three positions on the Board of Directors and another four candidates running for three positions on the Supervisory Committee. You can get to know them on our website. So that, when the polls open in late February, you’ll be ready to select the candidates you think will do the best job representing you and guiding the credit union toward an even brighter future in service to our Membership. Thanks for your loyalty in 2020, and here’s to making 2021 the best year yet to be a Frontwave Member!

2021 Annual Election Active Members with a valid email address on file will receive an email with an electronic ballot link on February 24, 2021. Members may request a paper ballot by calling 952.974.2339 or emailing support@directvote.net no later than February 19, 2021. Electronic and paper voting will close on March 24, 2021. Members who prefer to vote in person may do so at any of our open branch locations March 8 – March 19, 2021. 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. So when you asked for an easier way to dispute incorrect or suspicious transactions, we came up with a way for you to do it right inside online banking! Now when you click on a transaction, you’ll see a “Help” link. Simply click the link, follow the instructions and we’ll get things sorted out. You can find step-by-step instructions, including instructions for mobile web and the iOS app, in our Digital Banking Help Center. 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

Happy New Year! Like many of you, I’m glad to welcome in a fresh new year and say goodbye to 2020. There’s no doubt it was a tough year for many. We struggled at times ourselves with staffing challenges and temporary closures. But 2020 wasn’t all doom and gloom. There were a number of bright spots here at Frontwave — like our ability to help over 200 local businesses obtain the funds they needed to stay afloat via the Paycheck Protection Program, being named both San Diego’s Best Credit Union and Best Mortgage Company by San Diego Reader magazine, and last but not least, being recognized as the Best Bank in the Morongo Basin! Our Dream Makers also pulled together to deliver everyday successes — for example, pivoting our local in-person financial seminars to online virtual workshops, which are still going strong! Check out page 3 to see what’s on tap for this quarter. Our Military Relations team also adapted to find creative Annual Meeting Join us Wednesday, March 31, 2021 at 5 pm at Frontwave Headquarters to hear about the state of the credit union from our Board of Directors and to review the annual report. All Frontwave members are invited to attend.

Frontwave Headquarters 1278 Rocky Point Drive Oceanside, CA 92056

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What’s better than free financial education? Getting it from the comfort of your couch! Register for one of our virtual workshops today at frontwavecu.com/workshops. Upcoming Financial Workshops

Exclusive Member Offers You Won’t Want to Miss! It pays to be a Frontwave Member. Not only do you benefit from our great low rates and services, you also get access to exclusive offers throughout the year! Here’s a look at what’s on tap for the first quarter: • Refer-a-Friend is back for 2021! Get $50* when you refer a friend, relative, neighbor or coworker to open a Frontwave Checking and Savings Account. What’s in it for them? All the great things you love about Frontwave, like a free Visa® debit card, free Online Banking tools, free Mobile Check Deposit, free eStatements and more! Stop by a branch or visit frontwavecu.com/ refer-a-friend to learn more. • Starting on January 20, 2021, we’ll be offering 0% intro APR* until April 2022 on balance transfers to your Frontwave Visa® card. Be sure to take advantage of this great offer before it ends on March 31, 2021! *Visit frontwavecu.com for complete details.

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. We will give you tips and tricks to make your buying process as easy as possible. • Wednesday, January 13 @ 6:30 pm • Wednesday, February 10 @ 6:30 pm • Wednesday, March 10 @ 6:30 pm Estate Planning No one wants to think about it, but we should all be prepared for the inevitable. In this free workshop, Attorney Benjamin Diederich will teach you the basics of wills, trusts and estate planning to properly ensure your legacy for the future. • Wednesday, January 20 @ 6:30 pm • Wednesday, March 17 @ 6:30 pm Social Security & Your Retirement Is retirement right around the corner? Are you worried about your Social Security? Let the experts at Frontwave Investment Services and CUNA Mutual help guide you through the complicated process and share insights on how to maximize your Social Security. • Tuesday February 16 @ 6:00pm The Fundamentals of Personal Finance From budgeting to managing credit wisely, our Certified Financial Counselor will give you the strategies you need to stay financially fit. • Wednesday, January 27 @ 6:30pm

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. Our real estate and mortgage experts will walk you through the steps it takes to become a homeowner. • Wednesday, February 17 @ 6:30 pm anyone. Don’t let yourself or your loved ones fall victim to fraudsters. Let our Sr. Fraud Investigator, Patrick Beaty, share with you the criminal trends, what to look out for and how to protect yourself. Together we can keep your money and identity safe. • Wednesday, February 24 @ 6:30 pm Scams & Shams Financial scams & shams can target Auto Buying Driving a new car can be exhilarating. But the process of buying it? Less so. Our experts will show you how to simplify your car search and the loan process, while also getting the best bang for your buck. • Wednesday, March 24 @ 6:30 pm

Important Notice

Our Privacy Policy has been updated. For the latest copy, visit frontwavecu.com/disclosures.

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Frontwave In Your Community Here at Frontwave, we’re committed to the communities we serve. We not only provide great financial services, we’ve made it our mission to be a positive force in the community, even in these socially distant times. So we’re proud to have been able to support several great programs over the last quarter, including:

Time for an insurance check up! Are you paying too much for insurance? Does the coverage you elected years ago still meet your needs today? Start the year off right with a fresh new quote from Frontwave Insurance Services. Frontwave Insurance Services is a one-stop shop for all of your insurance needs. They can help you find the best insurance for you at the best price. Get a free, no-obligation insurance quote today by visiting frontwavecu.com/insurance or calling 844.788.0820.

Rock 105.3 Military Christmas Bonus Continuing the spirit of giving, Frontwave was proud to present Rock 105.3 The Show’s Military Christmas Bonus, which awarded five fantastic prize packs (each including a $100 Frontwave Visa® Gift Card) to hard- working Military families in the week leading up to Christmas. Armed Services YMCA Camp Pendleton Secret Santa As part of our ongoing support and partnership with the Armed Services YMCA of Camp Pendleton, Frontwave played Secret Santa for four deserving Military families this December, ensuring everyone had a little something to celebrate.

• Auto & Motorcycle Insurance • Home & Renters Insurance

• Life Insurance • Pet Insurance • Identity Protection • And More!

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 co-opcreditunions.org. Co-Op ATMs & Branches

Be the first to know about all our Frontwave happenings by following us on Facebook, Instagram and Twitter.

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 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. New Year’s Day Friday, January 1 Martin Luther King Jr. Day Monday, January 18 Presidents’ Day Monday, February 15

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 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

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 Nove ber 30, 2020 Me bers: 111,80 Assets: $1,063,963,811 Total Shares: $919,671,427 Loans Outstanding: $657,104,282

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