Frontwave Briefing | Second Quarter 2019

Briefing Value lasts a lifetime. Frontwave Credit Union Member Newsletter | Second Quarter 2019

Our loans are like keys. They open all sorts of doors.

1st Time Home Buyer Frontwave’s 1st Time Home Buyers program makes home buying easy with down payment options as low as 3%, reduced mortgage insurance, and a variety of loan terms. There are even options to help cover your closing costs. Do you need the flexibility of an adjustable rate mortgage? We can do that. Prefer a fixed rate? We can do that too! Refinance If the current value of your home has increased, it may make sense to refinance to get better rate, consolidate debt, or plan a home improvement project. VA Available to eligible Veterans, Reservists, Active Duty personnel, and their eligible spouses. VA loans offer low, competitive rates, no pre-payment penalty, and less stringent qualifications. Often VA loans require no down payment or private mortgage insurance, resulting in lower payments. Borrow up to 100% of your home’s value with a VA cash-out refi. Still unsure of what you can afford? Visit the budget calculator at frontwavecu.com. There you can factor in the sale price, interest rate, mortgage terms and down payment to compute exactly how much you’ll owe on a monthly basis and how much interest you’ll pay over the long haul. Still have questions? Frontwave’s dedicated loan officers are available every step of the way. Give us a call today at 760.631.8717 and let us help make your home buying dreams a reality. * Consult your tax advisor regarding deductibility of interest.

Your crib. Your castle. Your casa. Has a nice ring to it, doesn’t it? At Frontwave Credit Union, we can help you move into your new place with a low-cost home loan. Just as Southern California offers a wide range of architectural styles, we offer mortgages to suit your budget and lifestyle. And just like a friendly neighbor, we go out of our way to make things as easy as possible for you during the application process. We’ve streamlined and updated the entire mortgage process to bring you a faster, more technologically advanced way to finance your home. Let us help find the right loan for you. Fixed Rate Mortgage Our Fixed Rate Mortgage Loans offer the stability of a fixed rate and the flexibility of longer term options. Often, a Fixed Rate Mortgage is preferred by members who plan on staying in their home for many years and don’t want to worry about the possibility of rising monthly payments that might burst their happy bubble. Adjustable Rate Mortgage (ARM) One way to afford a little more house is with a Frontwave adjustable rate mortgage. The initial low rates will keep the lid on your monthly payments for a certain time period. After that, the rate could move up or down. ARMs are a good bet if you think overall interest rates are due to drop, your personal fortunes are bound to rise, or if you simply expect to move on in a few years and start all over again. Choose a loan that offers lower rates for one, three, five or seven years. No pre-payment penalties, and interest on this loan may be tax deductible*

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have a lot of folks “just starting out.” That’s great! Let us help you step off on the right foot. On our new website (looks great doesn’t it) we have a ton of educational content to help you. We also partner with an amazing financial counseling company called Greenpath. Any Member can contact them for assistance with budgeting, buying a car, buying a home, or preparing for retirement – really, anything to do with money. They are super terrific at what they do and they are completely free to all Frontwave Credit Union Members!! VA Loans? Yup! We got ‘em! We launched our new VA Loan program late last year to better serve our nation’s Veterans. Thank you so much for your service!! You know what else we got? Solar loans! If you’ve been to our headquarters building in Oceanside you know that we believe in solar – we got panels covering almost the whole parking lot. Have you been thinking about solar? This is the last year you can take advantage of the full 30% tax credit – the tax credit starts shrinking next year… Just like failing to maximize the employer match on your retirement plan, throwing away money is never a good thing. Thank you for your patience and loyal Membership! It is our honor to serve you!

More Than 5,600 Locations Coast to Coast CO-OP Credit Union “Shared” branches are convenient and easy to find. When you’re relocating, traveling, or need a branch near work, remember Frontwave Members have access to more than 5,600 branches nationwide. For a nearby location, call 888.748.3266 or log on to their website co-opcreditunions.org .

Bill Birnie, President/CEO Nothing is more important to a family’s financial welfare and stability than a commitment to savings. Squirreling away a little money each month for emergencies and preparing for retirement. Start small and as your income grows, so should your savings. Time is your best friend. The earlier you start and the longer you practice regular savings, the much bigger your stash is going to be. If your employer offers a retirement plan such as a 401K or the new military blended retirement system, you should (at a minimum) be putting enough into the plan to maximize the employer match – unfortunately, many people don’t. To encourage and support a habit of regular savings, Frontwave Credit Union participates in the America and Military Saves programs. Under these programs we offer Savers Certificates at rates that are well above market. Members can deposit up to $500 into their Savers Certificate each month for one year. The program is available all year. But in March, we put it on steroids and really beef up the rate! This March we had over 2,972 Members participate and, in their first month, saved $1,410,056!! Congratulations! Whether you’re just starting out or ready to kick it into high gear, we’re here to help! The average age of a Frontwave Credit Union Member is 34. Given that, our average member age is a full 20 years younger than the credit union industry, I suspect we Notes from the CEO

30,000 ATMs Nationwide

Frontwave Members have access to nearly 30,000 surcharge free ATMs worldwide. Just look for the CO-OP symbol on the ATM, or log on to co-opatm.org to find one near you.

On average San Diego has 266 days of abundant sunshine a year. Those rays are ready and eager to be turned into electricity. Help shed light on your solar dreams with a low-cost Frontwave Credit Union loan that puts energy efficient electricity within anyone’s reach. Learn more at frontwavecu.com/solar It’s Always Sunny in San Diego.

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Gradual Retirement Provided by Kathy L. Chesney ChFC,CLU independence, or a hope to spend a few extra

Are you in a hurry to retire? Not everyone is rushing to that particular finish line. According to the 2018 retirement survey from the Transamerica Center for Retirement Studies, which gauges the outlook of American workers, 56% of those who describe themselves as “fully retired” did so before age 65, while another 14% said goodbye to the daily grind in the year they turned 65. But that still leaves a significant number – 30% of respondents – working beyond age 65, with some even indicating that they never “expect to stop working.” 1 Are financial needs shaping these responses? For some, though not everyone. Those who retired after age 65 offered a wide range of responses. Forty-seven percent of respondents indicated that they wanted to remain “active” or that they “enjoy what [they] do.” But many indicated that they couldn’t afford to retire (24%), needed to maintain health benefits (12%), or simply wanted to continue making money (56%). That latter statistic may speak to a desire for more financial

years in the workforce, so they can continue making contributions to retirement accounts. 1

“Retirement” and “work” are no longer mutually exclusive. Whatever your reasons for not retiring at the earliest opportunity, the truth is that many people enjoy good health and vitality well into their seventh decade (and beyond) and see no reason to speed their way into that phase of their life. 2 If you do want to make a gradual retirement transition, what might help you do it? First of all, work on maintaining your health. The second priority: maintain and enhance your skill set, so that your prospects for employment in your sixties are not reduced by separation from the latest technologies. Keep networking. Think about Plan B: if you are unable to continue working in your chosen career, even part-time, what prospects might you have for creating income through financial decisions, self-employment, or in other lines of work? How can you reduce your monthly expenses?

Kathy Chesney may be reached at 760.439.6960 or kathy.chesney@cunamutual.com.

For the full article and many more visit the financial education section of frontwavecu.com 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. 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. Citations. 1 - transamericacenter.org/docs/default-source/retirees-survey/tcrs2018_sr_retirees_survey_financially_faring.pdf [12/18] | 2 - thebalance.com/ why-retire-at-70-2389048 [3/2/19]

Upcoming Financial Workshops Home Buying Workshop

ID Theft & Scams Workshop When we say we are committed to making financial dreams come true, sometimes that also means helping you avoid devastating losses like those from fraud and scams. Learn the latest scams and ways to avoid them. You will gain crucial knowledge that will help you and your family stay informed and wise to the tricks that criminals are using to commit

Income For Life What’s your plan for retirement? What do you need to do to make your retirement dreams a reality? Our investment services experts can walk you through how to set yourself up to enjoy your post-work life. • June 20, 2019 @ 5:30 pm

What dream is bigger than owning your own home? Let our very own real estate expert Autumn Roose guide you through the ins and outs of the home buying process. She will teach you real estate lingo, pitfalls to avoid, and share tips for making the home buying process as seamless as possible. • April 23, 2019 @ 5:30 pm

Frontwave RDO Branch 1278 Rocky Point Drive Oceanside, CA 92056

Frontwave RDO Branch 1278 Rocky Point Drive Oceanside, CA 92056

modern financial crimes. • May 21, 2019 @ 5:30 pm Frontwave RDO Branch 1278 Rocky Point Drive Oceanside, CA 92056 • May 23, 2019 @ 6:00 pm

• May 7, 2019 @ 6:00 pm

Frontwave Escondido Branch 1645 South Centre City Parkway Escondido, CA 92025

• June 25, 2019 @ 6:00 pm

Frontwave Wildomar Branch 36290 Hidden Springs Road Wildomar, CA 92595

Frontwave Wildomar Branch 36290 Hidden Springs Road Wildomar, CA 92595

For more details and to RSVP visit frontwavecu.com/workshops

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Local Lowdown

Start saving on your insurance today.

Barstow Best of the Desert Congratulations to Frontwave’s Barstow Branch for coming in 2nd place in the Professional Services & Finance Category for the High Desert’s Official Community Choice Awards. Thank you to all Members who voted! Relay for Life The Relay For Life movement is the American Cancer Society’s signature fundraiser dedicated to

Frontwave Insurance Services is a one-stop shop for all of your insurance needs. Call today for a free, no obligation insurance quote and let us find you the best insurance for you at the best price. • Auto & Motorcycle Insurance • Home & Renters Insurance • Term Life Insurance • Pet Insurance • Identity Theft Insurance • And More!

helping local communities attack cancer. When we rally together in the fight against cancer through this fun and inspirational event, we can

Important Notices

accomplish anything. Join Frontwave April 6 th and 7 th as we FUNdraise and spread the word about our community’s efforts in the fight against cancer. Visit relayforlife.com/oceanside to join

Privacy Notice Terms & Conditions

Frontwave’s Terms and Conditions Disclosure has important updates. To receive a copy of the Privacy Policy or Terms and Conditions: • Visit us online: frontwavecu.com/disclosures • Request by mail: Frontwave Credit Union Attn: Audit & Compliance Dept.

our relay or to donate Dream Big 5K Walk Join Frontwave Credit Union Saturday, May 4th at the San Diego Surf Cup Sports Park

UPCOMING HOLIDAYS Frontwave will be closed in observance of the following holidays this quarter: Independence Day Tuesday, July 4 Labor Day Monday, September 4 Express Line, Internet Banking, Mobile Banking, and ATM service will be available as usual. their disorders—so healthy futures become their reality, and dreaming bigger becomes possible. Learn more at radyfoundation.org/walk Frontwave will be closed in observance of the following holidays this quarter: Memorial Day Monday, May 27 Express Line, Online Banking, obile Banking, and AT service ill be available as usual. as we raise funds for Rady Children’s Hospital. When you join our Rady Children’s Dream Big 5K Walk, you are helping to cure their diseases and treat

1278 Rocky Point Drive Oceanside, CA 92056 • Or request by phone: 800.736.4500

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 Kathy Chesney, 760.439.6960 Frontwave Insurance Services, LLC 844.788.0820 Express Line 800.829.7676 e ber Solution Center 760.631.8700 or 800.736.4500 on-Fri: 7a – 6p , Sat: 9a – 4p Autoland 800.234.6999 Enterprise Car Sales 800.CAR.SALES GreenPath Financial ellness 877.337.3399 Frontwave Invest ent Services Kathy Chesney, 760.439.6960 Frontwave Insurance Services, LLC 844.788.0820

STATISTICAL REPORT as of February 28, 2019 Members: 78,933 Assets: $ 776,462,710 Total Shares: $ 656,312,713 Loans Outstanding: $ 512,461,453 , : : 8 ,27 : 844,901 294 : 721,055,23 i : $ 549,121,427

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Federally Insured by NCUA Federally Insured by NCUA

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