Frontwave Briefing | Third Quarter 2021

This is Frontwave Credit Union's Member Newsletter forThird Quarter, 2021.

Briefing Frontwave Credit Union Member Newsletter | Third Quarter 2021

Values last a lifetime.

Trust your mortgage to Frontwave. Here at Frontwave, we’re all about delivering the best value for our Members and finding you ways to save money. If you’re in the market to buy a home or refinance your existing mortgage, we may be able to help you do just that! Interest rates are at historic lows, and we’re passing those savings onto our Members in the form of great rates on all our mortgage loans. Having served the local market for nearly 70 years, we understand that mortgages aren’t one-size-fits-all. That’s why we offer a range of options to suit just about any budget or lifestyle. What’s the best mortgage for you? Let’s take a look at the options. Fixed Rate Mortgage Our fixed rate mortgages offer the stability of a fixed rate for the life of your loan, along with the flexibility of 10, 15, 20 and 30 year terms. A fixed rate

scrape up a big down payment hold you back from buying the home you want. Whether you’re just starting out or looking to upgrade, our no down payment mortgage can help you get into the home of your dreams faster than you thought possible, with 100% financing on loan amounts up to $750,000. VA Built specifically for Veterans, Reservists, Active Duty personnel, and their eligible spouses, VA loans offer relaxed credit standards and up to 100% financing, with no monthly mortgage insurance required. Purchase, refinance, cash-out and interest rate reduction refinance loan (IRRRL) Like a friendly neighbor, we go out of our way to make things as easy as possible for you during the application process. Simply visit and click on “Apply for a Loan” to get the ball rolling. Got questions or need help deciding options are all available. We make things easy.

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 period of time. After that, the rate could move up or down. ARMs can be a good bet if you think your income is bound to rise or if you simply expect to move on in a few years and start all over again. Jumbo Mortgage If you’re looking to buy or refi a property with an above-average price tag, you may find yourself needing an above-average mortgage. Not to worry. A Frontwave jumbo mortgage is just what the doctor ordered. We offer loan amounts up to $2.5 million for primary residences, second homes and investment properties. Purchase, refinance and cash-out options are all available, with up to 95% financing on select loan amounts. First-Time Home Buyer Frontwave’s First Time Home Buyer 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 ost . No Down Payment Don’t let the thought of having to

*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 mortgage or refinance may be right for you if plan on stayi g in your home for a while and don’t want to worry about the possibility of rising monthly payments. which mortgage is right for you? Frontwave’s edicated Home Loan Consultants are here to help every step of the way. Give us a call today at 760.631.8717.



Third Quarter 2021

seats, watching those live shows. And to share that excitement with you, we’re giving away VIP tickets to the Moonlight all summer long! Check out our website for details. Our crew will also be out in force to support the Oceanside Museum of Art’s Plein Air Festival July 24-31, as well as the Oceanside Longboard Surf Club Contest and Beach Festival August 7-8. And we’ll be sponsoring Storm Baseball’s Military Appreciation Day in Lake Elsinore on August 28. We can’t wait to see you at one of these great local events! While things are getting back to normal for us, I know that not everyone is so lucky. If you’re still struggling to get back on your feet or gain some financial stability, we’re still here for you. We’ve got a lot of helpful resources, including our free financial webinars, as well as free financial counseling through our partners at GreenPath Financial Wellness. Not sure where to start? Give us a call to schedule a free financial checkup. Our local experts can help assess where you stand now and offer suggestions for moving forward toward meeting your financial goals. Remember, no matter what stage of life you’re in — we can help make your financial dreams come true. Need a new car? Thinking of buying a house? We’ve got great rates and a variety of flexible loan options to help make it happen. Even if you’re not in the market to buy something new, a refinance with Frontwave could help you save big. While you’re at it, why not get one of our credit cards to help cover other big purchases or unexpected expenses — or heck, just earn rewards on everyday purchases. You get the point — if there’s a financial product or service you need, we got you! So as our tagline says, go ahead and dream big. We’ll help you get there.

Call for Nominations 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 p.m. at Frontwave’s Corporate office: 1278 Rocky Point Drive Oceanside, CA 92056 Volunteer Opportunities: Board of Directors: THREE positions with 3-year terms Supervisory Committee: THREE positions with 2-year terms If you’re an active member and are interested in applying for nomination, you’re invited to submit an application via our website at or mail an application to the Corporate Office to the attention of the Nominating Committee. Nominations must be filed with the Nominating Committee by close of business on September 30, 2021. All nominations must be accompanied by the completed application and statements of responsbility, consent and disclosure found at 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

Bill Birnie, President/CEO Notes from the CE0

This is probably the best letter I’ve gotten to write over the past 18 months. With more and more people vaccinated, and many businesses and organizations returning to normal operations, Frontwave is finally getting back into the community! We’ve never really been gone, but most of our support has been virtual over the last year. It’s so invigorating to get back out there, see your friendly faces, and lend a hand in person! You may have already seen us at a local charity event, like the Oceanside Rotary Charity Golf Tournament or Santa Rosa Plateau Nature Education Foundation Run - Hike - Ride. If we haven’t connected yet, be on the lookout, because we’re proud to be supporting a hefty line up of community events over the next couple of months. First up is the Moonlight Theatre, which is celebrating its long- awaited 40th Anniversary with four fantastic musicals between now and October. We’ve been a sponsor of this important local cultural program for a number of years, so it’s a real pleasure to be back in the

today by calling 844.788.0820. • Auto & Motorcycle Insurance • Home & Renters Insurance

• Life Insurance • Pet Insurance • And More!



Third Quarter 2021

This year, markets have experienced an odd phenomenon. Provided by Kathy L Chesney, CLU ChFC and Leslie Myers CWS, CRC Investor Sentiment Is Shifting

A recent survey shows that 63% of investors are anything else. 1 There are many reasons for this change, but here are a few of the most impactful to keep in mind . Pandemic worries. One reason for this shift is directly related to life prior to COVID-19. Nearly two-thirds of those surveyed believe protecting their financial assets and preparing for uncertainty are more important to them now than before the pandemic. Additionally, roughly 45% of those surveyed believe the shift in priorities will last beyond the pandemic. 2 Market Rally. This year, markets have experienced an odd phenomenon, to say the least. Historically, if one sector lags, other sectors often come along that can buoy a portfolio. But recently, the broader market has been trending higher, which appears to benefit a variety of investing styles. This may create further uncertainty moving forward, causing investors to be more cautious than usual. 3 more interested in protecting their financial assets and planning for uncertainty in the future than

Kathy and Leslie may be reached at 760-439-6960 or and As always, if you have any questions about recent market behavior or just want to chat about your portfolio we’re here for you . What will the Fed do? As the economy continues to improve, some believe it’s only a matter of time before the Fed changes its monetary stance. Investors of course want strong growth but at the same time, they don’t want the Fed to raise interest rates if inflation increases for a sustained period of time. As always, it’s impossible to predict exactly what will happen, but many believe it will be difficult for the Fed to maintain its current strategy. 4 Stay the course. Your portfolio was built to reflect your goals, time horizon, and risk tolerance. Periods of market uncertainty are expected from time to time, but that uncertainty should not drive a “knee-jerk” reaction with your investments.

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., April 22, 2021; 2., April 22, 2021; 3., April 19, 2021; 4., April 19, 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. 05042021-LA-36999

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 revamped our Visa® credit card

What’s New on the Frontwave Blog Have you checked out the Frontwave blog recently? If not, you’re missing out on great insights and advice from our experts, like: • How to Find Your Perfect Home in a Competitive Market • Buying the RV of Your Dreams • 5 Ways to Save for Vacation Visit to check out these and other helpful articles.

user-friendly, and enhanced our eDocuments portal to be mobile responsive. Now you can get what you need faster and more easily than ever. • We added multi-factor authentication to our P2P payment platform to improve security and help block fraudsters from accessing your account. Got any other feedback for us? 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!

benefits to include ID Navigator Powered by NortonLifeLock. This online service provides you with tools to help keep you informed of potential threats to your identity so you can act quickly. • We’ve upgraded our online banking login experience to be more



Third Quarter 2021

What’s better than free financial education? Getting it from the comfort of your couch! Register for one of our virtual workshops today at 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 will give you tips and tricks to make your buying process as easy as possible. • Wednesday, July 14 @ 6:30 pm • Wednesday, August 11 @ 6:30 pm • Wednesday, September 8 @ 6:30 pm Estate Planning No one wants to think about it, but we should all be prepared for the inevitable. Attorney Benjamin Diederich will teach you the basics of wills, trusts and estate planning to properly ensure your legacy for the future. • Wednesday, July 21 @ 6:30 pm • Wednesday, September 15 @ 6:30 pm Upcoming Financial Workshops

CO-OP ATMs & Branches

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 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, September 22 @ 6:30 pm 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, August 18 @ 6:30 pm Auto Buying Driving a new car can be exhilarating. But the process of buying it? Less so. Guarding Against Identity Theft Your identity is perhaps the most invaluable asset you have. So, how do you protect yourself from identity theft or recover if you become a victim? Our Sr. Fraud Investigator, Pat Beaty, will share criminal trends, what to look out for, and how to protect yourself. • Wednesday, July 28 @ 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

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

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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. Independence Day Monday, July 5 Labor Day Monday, September 6

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 May 31, 2021 Members: 114,526 Assets: $1,184,070,558 Total Shares: $1,029,975,494 Loans Outstanding: $622,876,502

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