2025-11-14T17:29:14-06:00 2024-12-31 952302617 SINGERLEWAK LLP 10960 WILSHIRE BLVD SUITE 1100 LOS ANGELES CA 90024 990 2024-01-01 951820763 FRONTWAVE CREDIT UNION FRON 7606318767 1278 ROCKY POINT DRIVE OCEANSIDE CA 92056 DENNIS KINGERY CFO 7606318767 2025-11-14 1 1 NANAZ BENYAMINI P00666808 3104773924 2025-11-13 2024 2025-03-06 01:10:19Z DENNIS KINGERY 1278 ROCKY POINT DRIVE OCEANSIDE CA 92056 114924491 0 X WWW.FRONTWAVECU.COM X 1952 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONGST ITS MEMBERS. 9 6 316 9 126223 0 0 0 73440551 79256111 8114702 13961238 162633 126223 81717886 93343572 0 0 0 0 25834523 25800534 0 0 0 51643096 60285989 77477619 86086523 4240267 7257049 1429880746 1408445733 1332023409 1297085017 97857337 111360716 X FRONTWAVE CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, FRONTWAVE CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 FRONTWAVE CREDIT UNION PROVIDES A WIDE RANGE OF MEMBER SERVICES INCLUDING EDUCATING MEMBERS ON AVAILABLE PRODUCTS AND SERVICES, FEES INVOLVED, AND OPENING AND SERVICING DEPOSIT AND LOAN PRODUCTS. FRONTWAVE CREDIT UNION USED CUTTING-EDGE TECHNOLOGY BY PROVIDING ITS MEMBERS WITH DIGITAL BANKING. THE MEMBERS CAN USE THE ONLINE AND MOBILE BANKING TOOLS TO MANAGE THEIR ACCOUNTS 24/7. 0 0 1 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 15653 0 1 316 1 1 1 0 0 0 0 0 0 0 0 0 X 9 6 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 CA X DENNIS KINGERY CFO 7606318767 1278 ROCKY POINT DRIVE OCEANSIDE CA 92056 AMANDA COOK TREASURER 3.00 X X 0 0 0 BRIAN SUTTON CHAIRMAN 3.00 X X 0 0 0 GARY GREVING SECRETARY 3.00 X X 0 0 0 GERALD POLYASCKO DIRECTOR 3.00 X 0 0 0 MICHAEL BRIGAGLIANO VICE CHAIRMAN 3.00 X X 0 0 0 ANN REGAN DIRECTOR 3.00 X 0 0 0 SALLY ARNETT DIRECTOR 3.00 X 0 0 0 JOSEP MITILIERI DIRECTOR 3.00 X 0 0 0 KELLEY MAYER DIRECTOR 3.00 X 0 0 0 PAUL LEONHARDT CHIEF LENDING OFFICER 40.00 X 286040 0 45464 SARAI RODGERS CHIEF HUMAN RESOURCES OFFI 40.00 X 293710 0 46952 TODD KERN CHIEF EXPERIENCE OFFICER 40.00 X 313269 0 28640 WILLIAM BIRNIE PRESIDENT/CEO 40.00 X 374329 0 36954 WILLIAM WELLS CHIEF INFORMATION OFFICER (UNTIL 1/12/24) 40.00 X 68963 0 490 DENNIS KINGERY CHIEF FINANCIAL OFFICER 40.00 X 273167 0 42934 KENDALL SCHORR CHIEF RISK OFFICER 40.00 X 257393 0 34609 RYAN HUFF CHIEF INFORMATION OFFICER 40.00 X 186869 0 11761 DANIEL KITCHEN VP OF BUSINESS BANKING 40.00 X 189183 0 39302 KIRSTEN HANSON VP OF REAL ESTATE LENDING 40.00 X 197941 0 22858 ROGELIO ESTRADA VP OF PROCESS EXCELLENCE 40.00 X 200811 0 39800 NATHAN FRICHTEL VICE PRESIDENT, INFORMATION TECHNOLOGY 40.00 X 186064 0 41000 RICHARD CADENA VICE PRESIDENT OF MEMBER EXPERIENCE 40.00 X 183585 0 31512 3011324 0 422276 43 0 1 0 OSIDE ARENA MANAGEMENT LLC 3510 VILLAGE COMMERCIAL DR OCEANSIDE CA 92056 ARENA NAMING RIGHTS/SPONSORSHIP 713889 NO LIMIT COMMERCIAL MAINTENANCE 4855 SEASCAPE DR OCEANSIDE CA 92057 JANITORIAL & SUPPLIES 171995 SAPPHIRE TRAIL LLC PO BOX 330081 NORTHGLENN CO 80233 MARKET RESEARCH 117512 SINGERLEWAK LLP 10960 WILSHIRE BLVD STE 1100 LOS ANGELES CA 90024 QUALITY CONTROL 116114 4 INTEREST INCOME 522100 48256059 48256059 OTHER OPERATING INCOME 522100 19643560 19643560 FEE INCOME 522100 11356492 11356492 79256111 12781157 12781157 22761000 21580919 1180081 1180081 1180081 NON-MEMBER ATM FEES 522100 126223 126223 126223 93343572 92037268 126223 1180081 2102913 18320662 1671167 2179212 1526580 132882 30124 2377127 3153926 6151191 3418184 54577 25814960 1960584 LOAN SERVICING EXPENSE 8420719 CREDIT LOSS EXPENSE 6137875 MISCELLANEOUS OPERATING 2633840 86086523 18441209 19683679 108884512 74457536 3520020 3847083 50328100 24938636 26273825 25389464 9659477 17163869 293847896 281183889 969253807 986720213 1429880746 1408445733 28605681 17257500 1303417728 1279827517 1332023409 1297085017 X 0 0 0 0 97857337 111360716 97857337 111360716 1429880746 1408445733 7257049 6246330 0 X 0 1 X 1 0 7500 7500 7500 1 SAN DIEGO CREDIT UNION'S POLITICAL ACTION COMMITTEE 5890 PACIFIC CENTER BLVD SAN DIEGO CA 92121 743032876 2500 CALIFORNIA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE 2855 E GUASTI RD STE 202 ONTARIO CA 91761 940357265 5000 7376773 7376773 21559152 7270483 14288669 6093382 3877698 2215684 10934336 10087415 846921 4364457 3703040 661417 25389464 PERPETUAL CONTRIBUTED CAPITAL 525438 C OTHER INVESTMENTS 7516600 F AVAILABLE FOR SALE DEBT SECURITIES 273141851 F 281183889 LOANS RECEIVABLE 948879152 NCUA SHARES 11094747 OTHER ASSETS 26746314 986720213 BORROWINGS 170000000 MEMBER SHARE DEPOSITS 1109827517 1279827517 X PART X, LINE 2: THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14) AND, AS SUCH IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. HOWEVER, THE CREDIT UNION PAYS TAXES ON ANY UNRELATED BUSINES TAXABLE INCOME. THE CREDIT UNION HAD NO SIGNIFICANT TAX LIABILITY FOR THE YEARS ENDED DECEMBER 31, 2024, AND 2023. X 1 1 X X X X X 1 1 0 WILLIAM BIRNIE PRESIDENT/CEO 323533 0 28424 0 22372 0 15518 0 21436 0 411283 0 0 0 TODD KERN CHIEF EXPERIENCE OFFICER 278603 0 26500 0 8166 0 15192 0 13448 0 341909 0 0 0 SARAI RODGERS CHIEF HUMAN RESOURCES OFFI 248150 0 26500 0 19060 0 15121 0 31831 0 340662 0 0 0 PAUL LEONHARDT CHIEF LENDING OFFICER 245503 0 26500 0 14037 0 12913 0 32551 0 331504 0 0 0 DENNIS KINGERY CHIEF FINANCIAL OFFICER 246834 0 18167 0 8166 0 13795 0 29139 0 316101 0 0 0 KENDALL SCHORR CHIEF RISK OFFICER 238553 0 9834 0 9006 0 13173 0 21436 0 292002 0 0 0 ROGELIO ESTRADA VP OF PROCESS EXCELLENCE 188366 0 11500 0 945 0 8257 0 31543 0 240611 0 0 0 DANIEL KITCHEN VP OF BUSINESS BANKING 169635 0 11500 0 8048 0 8777 0 30525 0 228485 0 0 0 NATHAN FRICHTEL VICE PRESIDENT, INFORMATION TECHNOLO 170066 0 10000 0 5998 0 9465 0 31535 0 227064 0 0 0 KIRSTEN HANSON VP OF REAL ESTATE LENDING 185850 0 11500 0 591 0 9654 0 13204 0 220799 0 0 0 RICHARD CADENA VICE PRESIDENT OF MEMBER EXPERIENCE 171100 0 11500 0 985 0 9343 0 22169 0 215097 0 0 0 RYAN HUFF CHIEF INFORMATION OFFICER 175760 0 10150 0 959 0 9363 0 2398 0 198630 0 0 0 PART I, LINES 4A-B: EFFECTIVE AUGUST 31, 2015, THE CREDIT UNION ESTABLISHED A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR A MEMBER OF SENIOR MANAGEMENT UNDER IRC SECTION 457(F). THE CREDIT UNION ACCRUES FOR THE PLAN EACH YEAR UNTIL THE TARGET BENEFIT AMOUNT AND TARGET BENEFIT DATE ARE REACHED. THERE WAS NO LIABILITY FOR THE DEFERRED COMPENSATION PLAN AS OF DECEMBER 31, 2024. SEVERANCE ARRANGEMENTS ARE SUBJECT TO NONDISCLOSURE AGREEMENTS AND CAN BE MADE AVAILABLE UPON REQUEST BY THE IRS. SALLY ARNETT DIRECTOR VISA X 14000 13271 0 1 1 SALLY ARNETT DIRECTOR 1ST MORTGAGE X 191720 127479 0 1 1 WILLIAM BIRNIE OFFICER VISA X 1000 949 0 1 1 WILLIAM BIRNIE OFFICER 1ST MORTGAGE X 540000 430385 0 1 1 AMANDA COOK DIRECTOR 1ST MORTGAGE X 543000 471684 0 1 1 CEZARY GOCH SUPERVISORY COMMITTEE 1ST MORTGAGE X 929000 852658 0 1 1 CEZARY GOCH SUPERVISORY COMMITTEE AUTO X 29201 6326 0 1 1 CARRIE GREVING OFFICER 1ST MORTGAGE X 537000 488116 0 1 1 SARAI RODGERS OFFICER 1ST MORTGAGE X 200000 181954 0 1 1 SARAI RODGERS OFFICER 1ST MORTGAGE X 835000 764171 0 1 1 DENNIS KINGERY OFFICER AUTO X 51208 30301 0 1 1 SALLY ARNETT DIRECTOR AUTO X 12000 4943 0 1 1 ROBERT ROSS SUPERVISORY COMMITTEE 1ST MORTGAGE X 505000 441247 0 1 1 ROBERT ROSS SUPERVISORY COMMITTEE AUTO X 28500 10986 0 1 1 ROBERT ROSS SUPERVISORY COMMITTEE AUTO X 41264 2535 0 1 1 VICENTE HINOJOSA SUPERVISORY COMMITTEE AUTO X 29433 19242 0 1 1 WILLIAM BIRNIE OFFICER AUTO X 20500 836 0 1 1 3847083 FORM 990, PART VI, SECTION A, LINE 6 FRONTWAVE CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. FRONTWAVE CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF FRONTWAVE CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY ITS BY LAWS. FORM 990, PART VI, SECTION A, LINE 7B AT THE END OF EACH TERM OF THE BOARD MEMBERS, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. MEMBER VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATIONS AS IN THE CASE OF MERGER OR DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CFO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS AN INTERNAL AUDIT AND COMPLIANCE DEPARTMENT WHICH MONITORS POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS A COMPENSATION COMMITTEE THAT REVIEWS AND SETS THE CEO'S SALARY. THE HR DEPARTMENT AND THE CEO REVIEW MARKET COMPENSATION REPORTS TO DETERMINE SALARIES FOR THE ORGANIZATION'S OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE, AND OTHER GOVERNING DOCUEMNTS ARE AVAILABLE UPON REQUEST. FRONTWAVE INSURANCE SERVICES LLC (DISSOLVED OCT 2024) 1278 ROCKY POINT DRIVE OCEANSIDE CA 92056 472878097 INSURANCE CA 3058 0 FRONTWAVE CREDIT UNION FRONTWAVE FOUNDATION 1278 ROCKY POINT DRIVE OCEANSIDE CA 92056 842517480 CHARITABLE FOUNDATION CA 501(C)(3) 170(B)(1)(A) FRONTWAVE CREDIT UNION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0