Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1979.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
22 people listed on the 990; $2.9M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| William Birnie | $374,329 | $404,534 | $372,108 | $872,529 | $314,982 |
| Randi Brookeformer | — | — | — | $453,637 | — |
| Todd Kern | $313,269 | $314,848 | $304,733 | $265,595 | $219,458 |
| William Wells | $68,963 | $302,886 | $299,344 | $289,363 | — |
| Paul Leonhardt | $286,040 | $297,786 | $275,392 | $250,600 | $158,493 |
| Sarai Rodgers | $293,710 | $295,223 | $285,264 | $267,121 | $223,772 |
| Jennifer Williams | — | $213,940 | $280,983 | — | — |
| Farid Sanie | — | — | — | — | $280,713 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II14 listed
Programs and updates
Encourages members to save money and be thrifty.
Questions for Frontwave Credit Union
Your first name shows with your question. Frontwave Credit Union answers here, for everyone.
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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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $55.0M | $127.3M |
| InvestmentsLn 11–13 | $305.1M | $303.5M |
| Land, buildings, equipmentLn 10c | $26.4M | $26.3M |
| Total assetsLn 16 | $1.36B | $1.43B |
| LiabilitiesLn 26 | $1.27B | $1.33B |
| Net assetsLn 32 | $85.8M | $97.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $2.1M | |||
| Other salaries and wagesLn 7 | $18.6M | |||
| Pension plan contributionsLn 8 | $1.3M | |||
| Other employee benefitsLn 9 | $2.3M | |||
| Payroll taxesLn 10 | $1.6M | |||
| Legal feesLn 11b | $1.9M | |||
| Accounting feesLn 11c | $180K | |||
| Other fees for servicesLn 11g | $1.9M | |||
| Advertising and promotionLn 12 | $3.0M | |||
| Office expensesLn 13 | $5.9M | |||
| OccupancyLn 16 | $3.4M | |||
| TravelLn 17 | $484K | |||
| InterestLn 20 | $16.7M | |||
| Depreciation, depletion and amortizationLn 22 | $2.1M | |||
| Other expenses (24a–d)Ln 24 | $16.1M | |||
| Total functional expensesLn 25 | $77.5M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $93.3M | $86.1M | $7.3M | $111.4M | 990 PDF |
| FY2023 Viewing | $81.7M | $77.5M | $4.2M | $97.9M | 990 PDF |
| FY2022 | $64.2M | $58.6M | $5.6M | $85.8M | 990 PDF |
| FY2021 | $59.0M | $50.7M | $8.4M | $121.6M | 990 PDF |
| FY2020 | $55.5M | $51.5M | $3.9M | $121.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $81,717,886 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, no flags
Part VIII · Statement of revenue $81,717,886 across 5 lines filed
Part IX · Statement of functional expenses $77,477,619 across 15 lines filed
Part X · Balance sheet $1,429,880,746 assets, 12 lines filed
Part XI · Reconciliation of net assets $97,857,337 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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