FRCNTWRVE ---credit unio ...... -=----1•- - OFFICIALS STATEMENT OF RESPONSIBILITIES

Thank you for applying and for your interest in participating in the Frontwave (FRONTWAVE) volunteer program. The Board of Directors of FRONTWAVE would like to assure you that your opportunity for candidacy would be based solely upon merit, qualifications, and no other considerations. The best interests of FRONTWAVE membership will always be our foremost concern.

QUALIFICATIONS FOR ALL OFFICIALS:

1. Be an active member of the credit union (have at least $50 on deposit, or an active ). 2. Complete an Application, Statement of Consent, and Statement of Disclosure. 3. Demonstrate the ability to handle personal financial affairs and the complex dealings of a large financial institution. A credit report, which will be processed through FRONTWAVE, will be required with an application. 4. Upon election/appointment, you will be required to complete the Volunteer Achievement Program (VAP) (a basic home-study course), which consists of three modules and accompanying tests. An additional three modules, which pertain to your particular position or Committee is also included. Each module is 50 pages in length and takes approximately 2-3 hours to read and complete the open-book test. The Executive Administrator will order these modules for you. 5. In order to gain a base of knowledge for effective teamwork with management, you may complete additional VAP modules during your term of office (e.g. Director’s Liability, Bankruptcy, Credit Union Examination, Financial Management, or others). 6. Additional required training includes Financial Literacy and other mandated courses, which you can complete at home through the FRONTWAVE online platform. 7. Within one (1) year from the date of appointment, you will be required to complete all required training. 8. You are willing to serve without compensation. No Volunteer shall be an employee of the credit union.

THE BOARD OF DIRECTORS consisting of nine (9) members is responsible and liable for the overall general vision and control of FRONTWAVE for the best interest of the members and to ensure the safety and soundness of FRONTWAVE. Primary responsibilities include CEO relations and evaluation of his/her performance, setting policies, approving membership, reviewing operation of FRONTWAVE through monthly statistical reports, and approving Bylaws and regulatory changes as set forth by the National Credit Union Administration (NCUA) and the Department of Business Oversight (DBO). Because of the importance of their office, their fiduciary responsibilities and the liabilities imposed upon them, it is vital that each Board Member be willing and capable of serving on a continuing basis. A Board Member may not serve as a member of the Supervisory Committee during his or her term of office. This is an elected position.

Members of the Board of Directors have certain responsibilities that include, but are not limited to the following:

1. Required to attend the regularly scheduled Board meeting each month unless specifically excused by the Board Chairman. Each regular Board meeting is generally held either during the last week or next to the last week of each month, depending upon other scheduled activities. Unless notified otherwise, meetings commence promptly at 5:00 pm, generally last 1 to 1-1/2 hours and are held at:

Frontwave Credit Union (Headquarters) 1278 Rocky Point Drive Oceanside, 92056 Pg 1

OFFICIALS STATEMENT OF RESPONSIBILITIES (continued)

2. Serve on at least one committee. Committees are either standing or ad hoc. Committee selections are made by the Chairman based on the areas of interest of each Board Member.

3. Comply with the calendar of Board meetings.

4. Be prepared to discuss the Board packet, which will be received at least one week prior to each meeting.

5. Attend designated internal training sessions, Chapter meetings, Seminars, and Conferences on Credit Union-inspired topics by our trade associations or other applicable groups.

6. Attend FRONTWAVE’s Annual Meeting.

7. Display the integrity, professionalism and concern for the members’ interests inherent with this position.

8. If the Board has its full nine (9) members, additional volunteers can be designated as an “Associate” which would be similar to a director-in-training. However, an Associate would not have a voting right on the Board, nor have the liability of a full Board Member, but would have other benefits of a Board Member.

SUPERVISORY COMMITTEE, consisting of up to five (5) members is responsible for overseeing the Annual Opinion Audit conducted by a contracted a third party CPA firm and the Internal Audit Plan managed and conducted by the internal Audit & Compliance Department. To have the account of all members verified with FRONTWAVE records, to review FRONTWAVE’s policies and procedures and assure that they are carried out faithfully, and that members’ concerns are promptly addressed and resolved. Committee Members will attend meetings held at least quarterly or when directed by the Chairman of the Committee, as well as Board of Director’s meetings, if so requested. The Director – Audit & Compliance is the designated liaison, who serves to assist the Committee in conducting their functions. If the Committee has its full five (5) members, additional volunteers can be appointed as an “Associate,” which would be similar to a Committee Member-in-training. However, an Associate would not have a voting right nor have the liability of a full Committee Member, but would have other benefits of a Committee Member. No member of the Supervisory Committee shall serve as the credit manager or as a member of the Board of Directors of FRONTWAVE Union during his or her term on the Committee. This is an elected position.

If you are chosen to fill an open position prior to the next Annual Meeting and election, you will be appointed to that position until the next Annual Meeting and election.

By signing below, I hereby attest and agree to the terms and conditions of the Officials Statement of Responsibilities of Frontwave Credit Union.

______SIGNATURE DATE

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