Sep, 30, 2025 — FRONTWAVE CREDIT UNION is a federally insured state chartered credit union headquartered in OCEANSIDE, CA with 18 branch locations and about $1.52 billion in total assets. Opened 74 years ago in 1952, FRONTWAVE CREDIT UNION has about 130,089 members and employs 256 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FRONTWAVE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1278 Rocky Point Dr OCEANSIDE, CA 92056 |
| Phone: | (800) 736-4500 |
| Fax: | (877) 789-7628 |
| Website: | https://www.frontwavecu.com |
| Branches: | 18 branch locations |
| Members: | 130,089 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68494 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,515,675,814 |
| CEO/Manager: | William E Birnie |
| Chairperson: | Gary C Greving |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 94,231,581 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 658,090,719 |
| Unsecured Loans | 75,962,917 |
| Other Loans | 210,392,947 |
| TOTAL LOANS | 944,446,584 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,729,387 |
| Land And Building | 21,309,889 |
| Other Fixed Assets | 3,148,753 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 10,501,417 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,515,675,814 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 210,000,000 |
| Accounts Payable & Other Liabilities | 21,069,950 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 378,155,347 |
| Regular shares | 305,876,533 |
| All Other Shares & Deposits | 470,131,966 |
| TOTAL SHARES & DEPOSITS | 1,154,163,848 |
| TOTAL LIABILITIES | 1,385,233,798 |
| Regular Reserve | 0 |
| Other Reserves | -17,027,437 |
| Undivided Earnings | 147,469,453 |
| TOTAL EQUITY | 130,442,016 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,515,675,814 |
| INCOME & EXPENSE | |
| Loan Income | 38,413,427 |
| Investment Income | 6,886,842 |
| Other Income | 8,826,453 |
| Total Employee Compensation & Benefits | 19,694,715 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 20,971,234 |
| Non-operating Income & (Expense) | 6,889 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,015,688 |
| Cost of Funds | 16,183,618 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,729,515 |
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