Overview
What is Frontwave Credit Union?
Frontwave Credit Union is a cooperative based in Oceanside, California, located at 1278 Rocky Point Drive, with a mission to promote thrift and savings among its members. This nonprofit organization offers a variety of services, educating members on available products and fees, and handles the opening and servicing of deposit and loan accounts. As a cooperative, Frontwave Credit Union aims to provide its members with a source of credit at interest rates determined by the board of directors, enabling them to use and control their own money for their economic and social betterment. The credit union operates for the mutual benefit and general welfare of its members, distributing earnings, savings, benefits, or services back to them. With a workforce of 345 employees, Frontwave Credit Union is dedicated to helping its members manage their finances and improve their economic conditions.
Official website here: www.frontwavecu.com
What do the Facebook reviews say about Frontwave Credit Union?
76% of 18 reviewers on Facebook recommend Frontwave Credit Union. Here’s a summary of their insights:
Many users appreciate Frontwave for its commitment to innovation and enhancement of services. The positive sentiment indicates that members find value in the products offered, which are consistently being improved. Additionally, the unique initiative of the "Team Store," where a portion of proceeds supports local charities, is seen as a noteworthy feature that resonates with the community-minded approach of the credit union.
Overall, patrons appear satisfied with their experiences, highlighting both the quality of financial services and the organization's commitment to social responsibility. This suggests that Frontwave Credit Union effectively meets the needs of its members while also supporting local charitable causes.
This AI summary has been generated from reviews found on Facebook.
Is Frontwave Credit Union legitimate?
Frontwave Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Frontwave Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,352,817
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,057,620
For more financial information, click here
Official website here: www.frontwavecu.com
What is the mission statement of Frontwave Credit Union?
Frontwave Credit Union is a cooperative established to encourage savings among its members and offer them affordable credit through interest rates decided by the board of directors. The cooperative operates with the primary goal of enhancing the economic and social conditions of its members. By promoting thrift and savings, Frontwave Credit Union provides its members with an opportunity to manage their money democratically and control their own finances. As a cooperative, the credit union exists to serve its members collectively, distributing earnings, savings, benefits, or services back to them as patronage.
Official website here: www.frontwavecu.com
Who is the CEO of Frontwave Credit Union?
Dennis Kingery is the Vice Chairman of Frontwave Credit Union. The CEO's salary of Frontwave Credit Union is $372,108 and their total compensation is $397,115.
Official website here: www.frontwavecu.com
What is the revenue of Frontwave Credit Union?
Frontwave Credit Union's revenue in 2022 was $64,162,592.
Official website here: www.frontwavecu.com
Who are the executives of Frontwave Credit Union and what are their salaries?
The average compensation at Frontwave Credit Union during 2022 was $56,262. There are 345 employees and 14 volunteers at Frontwave Credit Union.
Here are 22 key members and their salaries (Frontwave Credit Union's CEO's salary is $372,108 and their total compensation is $397,115):
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- Compensation: $0
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- Other: $0
- Compensation: $372,108
- Related: $0
- Other: $25,007
- Compensation: $304,733
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- Other: $27,844
- Compensation: $299,344
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- Other: $588
- Compensation: $285,264
- Related: $0
- Other: $38,680
- Compensation: $280,983
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- Other: $36,094
- Compensation: $275,392
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- Other: $38,680
- Compensation: $241,216
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- Other: $39,692
- Compensation: $205,694
- Related: $0
- Other: $21,400
- Compensation: $192,291
- Related: $0
- Other: $27,266
- Compensation: $187,140
- Related: $0
- Other: $28,952
- Compensation: $172,546
- Related: $0
- Other: $34,011
- Compensation: $166,821
- Related: $0
- Other: $32,709
- Compensation: $149,113
- Related: $0
- Other: $15,630
Official website here: www.frontwavecu.com
Where can I find the form 990 for Frontwave Credit Union?
Frontwave Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.frontwavecu.com
Learn more at the official website: www.frontwavecu.com
Mission Statement of Frontwave Credit Union
Frontwave Credit Union, a cooperative organization, is dedicated to encouraging savings and thrift among its members. Established for the mutual benefit of its members, the credit union serves as a valuable source of credit, offering competitive interest rates set by its Board of Directors. Members have the opportunity to control and use their own funds in a democratic manner, ultimately improving their economic and social conditions.
As a cooperative, Frontwave Credit Union operates with the collective welfare of its members at heart. The earnings, savings, benefits, and services of the credit union are distributed back to its members as patronage. By promoting thrift and savings, Frontwave Credit Union empowers its members to take charge of their finances and build a stronger financial future. Through this democratic model, members not only have access to credit but also a sense of ownership and control over their financial well-being.
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Impact
October, 2024
Frontwave Credit Union significantly impacts its members and the community by promoting financial literacy and encouraging savings and responsible borrowing. Located in Oceanside, CA, the cooperative offers a wide range of financial services, ensuring that members are well-informed about available products, fees, and the process of opening and servicing both deposit and loan products.
By fostering a culture of thrift and savings, Frontwave Credit Union empowers individuals to improve their economic conditions. The cooperative structure allows members to have a say in the institution's governance, as rates of interest and services are determined democratically by a board of directors elected from among the members. This model not only enhances trust and transparency but also ensures that the benefits and earnings of the credit union are distributed back to its members, strengthening their financial well-being and overall social conditions.
In essence, Frontwave Credit Union creates a supportive financial environment that prioritizes the needs of its members, enhancing their economic stability while contributing positively to the community as a whole.
This information is meant to be a general summary of Frontwave Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,713,104
- Program Service Revenue: $59,268,888
- Gross Receipts: $69,241,438
Assets and Liabilities:
- Total Assets: $1,358,956,009
- Total Liabilities: $1,273,198,596
- Net Assets: $85,757,413
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME
Revenue
$31,947,052
OTHER OPERATING INCOME
Revenue
$15,651,076
FEE INCOME
Revenue
$11,670,760
Organization Details
Founding Year
1952
Phone
(760) 631-8767Principal Officer
Dennis Kingery
Main Address
1278 ROCKY POINT DRIVE, OCEANSIDE, CA, 92056
Website
www.frontwavecu.comNTEE Category
Code: W60 - Public benefit
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