Frontwave Credit Union
501(c)(14)
100% goes to programs Strong reserves Growing revenue
Frontwave Credit Union is a 501(c)(14) organization based in Oceanside, California, registered in 1979, with $93,343,572 in FY2024 revenue. CharityIndex grades it B+, and it directs about 100% of spending to programs.
1278 Rocky Point Dr, Oceanside, CA, 92056 EIN 95-1820763 Since 1979
Revenue (FY2024)
$93.3M
▲ 14.2% vs prior year
Expenses (FY2024)
$86.1M
Net assets
$111.4M
Employees
316
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Frontwave Credit Union: 100% to programs earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Frontwave Credit Union: 16 mo reserves · +8% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Frontwave Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Frontwave Credit Union: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
A cooperative, organized for the purpose of promoting thrift and savings amongst its members.
What they do
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.
Contact & location
- Address
- 1278 Rocky Point Dr, Oceanside, CA, 92056
- City
- Oceanside
- State
- California
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $38.1M (FY2013) to $93.3M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.3BNet assets $111.4M
Operating margin
7.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.4B
Total liabilities
$1.3B
Net assets
$111.4M
Salaries & benefits
$25.8M
30% of expenses
Board members
9
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $93,343,572▲14.2% | $86,086,523▲11.1% | $111,360,716▲13.8% | $1,408,445,733▼1.5% | 990 |
| 2023 | $81,717,886▲27.4% | $77,477,619▲32.2% | $97,857,337▲14.1% | $1,429,880,746▲5.2% | 990 |
| 2022 | $64,162,592▲8.7% | $58,586,804▲15.6% | $85,757,413▼29.5% | $1,358,956,009▲15.6% | 990 |
| 2021 | $59,046,912▲6.5% | $50,684,629▼1.6% | $121,577,708▲0.5% | $1,175,731,855▲8.9% | 990 |
| 2020 | $55,457,162▲4.1% | $51,514,512▼7.4% | $120,970,256▲6.3% | $1,079,448,307▲23.0% | 990 |
| 2019 | $53,287,865▲15.4% | $55,659,320▲27.9% | $113,830,072▲4.8% | $877,279,449▲8.8% | 990 |
| 2017 | $46,160,561▲9.2% | $43,514,452▲15.7% | $108,663,052▲2.8% | $806,163,272▲6.6% | 990 |
| 2016 | $42,280,528▲9.2% | $37,602,501▲10.0% | $105,690,370▲2.5% | $756,221,835▲3.4% | 990 |
| 2015 | $38,719,897▲4.8% | $34,173,580▲4.0% | $103,078,815▲3.4% | $731,196,801▲5.7% | 990 |
| 2014 | $36,963,311▼2.9% | $32,867,200▼3.2% | $99,654,742▲4.3% | $691,989,703▲0.9% | 990 |
| 2013 | $38,057,489 | $33,941,428▲2.5% | $95,582,911▲4.5% | $685,528,979▲1.4% | 990 |
| 2012 | — | $33,101,523▼1.8% | $91,482,300▲5.6% | $675,742,678▲10.4% | 990 |
| 2011 | — | $33,716,882▲3.5% | $86,597,477▲4.5% | $612,012,050▲4.0% | 990 |
| 2010 | — | $32,561,003 | $82,901,258 | $588,209,154 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: William Birnie — $374,329 (0.43% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| William Birnie | President/ceo | 40 | $374,329 |
| Todd Kern | Chief Experience Officer | 40 | $313,269 |
| Sarai Rodgers | Chief Human Resources Offi | 40 | $293,710 |
| Paul Leonhardt | Chief Lending Officer | 40 | $286,040 |
| Dennis Kingery | Chief Financial Officer | 40 | $273,167 |
| Kendall Schorr | Chief Risk Officer | 40 | $257,393 |
| Rogelio Estrada | Vp of Process Excellence | 40 | $200,811 |
| Kirsten Hanson | Vp of Real Estate Lending | 40 | $197,941 |
| Daniel Kitchen | Vp of Business Banking | 40 | $189,183 |
| Ryan Huff | Chief Information Officer | 40 | $186,869 |
| Nathan Frichtel | Vice President, Information Technology | 40 | $186,064 |
| Richard Cadena | Vice President of Member Experience | 40 | $183,585 |
| William Wells | Chief Information Officer (until 1/12/24) | 40 | $68,963 |
| Amanda Cook | Treasurer | 3 | — |
| Ann Regan | Director | 3 | — |
| Brian Sutton | Chairman | 3 | — |
| Gary Greving | Secretary | 3 | — |
| Gerald Polyascko | Director | 3 | — |
| Josep Mitilieri | Director | 3 | — |
| Kelley Mayer | Director | 3 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Oside Arena Management LLC | Arena Naming Rights/sponsorship | $713,889 |
| No Limit Commercial Maintenance | Janitorial & Supplies | $171,995 |
| Sapphire Trail LLC | Market Research | $117,512 |
| Singerlewak LLP | Quality Control | $116,114 |
Grants made · $75K in FY2020
7 grants totaling $75K in FY2020. All grants made by Frontwave Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Armed Services YMCA of the USA | Cash sponsorship for various events hosted by the ymca | $20,899 |
| Oceanside Chamber of Commerce | General membership and cash sponsorship of community events | $20,010 |
| Moonlight Cultural Foundation | Cash sponsorship to support local community, active duty military and supporters | $10,000 |
| Oceanside Museum of Art | General membership and cash sponsorship of community events | $8,000 |
| Marine Corps Association Foundation | Cash sponsorship to support local community, active duty military and supporters | $5,770 |
| Kinane Events Inc | Title sponsorship for oceanside turkey trot - donated to various recipients | $5,391 |
| The San Diego Foundation | Cash sponsorship to support non-profit organizations in the community | $5,000 |
Frequently asked questions
- Is Frontwave Credit Union a legitimate nonprofit?
- Yes. Frontwave Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 95-1820763, based in Oceanside, California.
- What is Frontwave Credit Union's EIN?
- Frontwave Credit Union's Employer Identification Number (EIN) is 95-1820763.
- How much revenue does Frontwave Credit Union report?
- Frontwave Credit Union reported $93,343,572 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Frontwave Credit Union's spending goes to programs?
- Frontwave Credit Union spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Frontwave Credit Union have?
- CharityIndex grades Frontwave Credit Union B+, based on program efficiency and fundraising cost.
- How much does Frontwave Credit Union's highest-paid employee make?
- The highest reported compensation on Frontwave Credit Union's latest Form 990 is $374,329, paid to William Birnie (President/ceo).
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Data for Frontwave Credit Union (EIN 95-1820763) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.