Overview / Commentary
480 Greenwich Ave
Warwick, RI 02886

Wave Federal Credit Union is headquartered in Warwick and is the 8th largest credit union in the state of Rhode Island. It is also the 1,516th largest credit union in the nation. It was established in 1938 and as of December of 2018, it had grown to 21 employees and 7,088 members at 2 locations. Wave Federal Credit Union's CD rates are 40% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Must live, work, attend school or worship in Providence, Warwick, Pawtucket, Cranston, East Greenwich, North Kingstown, South Kingstown, West Greenwich, West Warwick or Coventry, Rhode Island.
See current membership details

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Reviews (1)

WAVE Credit Union Is Not The Way To Go!

Posted by: gconway | Mar 6, 2019

No customer service, poor communication from the top down


Health Grade Components

NCUA #24501
Year Chartered1938
Primary Regulator
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD4.42%
Annual Interest Income$3.7MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$112.1MM$112.7MM
LoansQ4 2018vs Q4 2017$58.8MM$58.0MM
DepositsQ4 2018vs Q4 2017$97.5MM$98.9MM
Equity CapitalQ4 2018vs Q4 2017$14.1MM$13.4MM
Loan Loss AllowanceQ4 2018vs Q4 2017$359.00K$268.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$507.00K$294.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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Always verify rates and promotions with the bank or credit union. We are not Wave Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Wave Federal Credit Union Savings Account Rates

0.40%*$50k*-E Savings
OTHER TIERS: 0.10% $2k - $10k | 0.20% $10k - $25k | 0.30% $25k - $50k
0.15%$5-E-Share Account
0.10%$5-IRA Share Account
0.10%$5-Roth IRA Account
0.10%$5-Educational IRA Account
0.05%$5-Share Account
0.05%$5-Holiday Club Account
0.05%$5-Vacation Club Account

Wave Federal Credit Union CD Rates

3.04%$1k-36 Month CD Special
2.53%$1k-60 Month CD
2.50%$1k-15 Month CD Special
2.27%$1k-48 Month CD
1.76%$2.5k-24 Month CD
1.51%$1k-18 Month CD
1.26%$1k-12 Month CD
0.75%$2.5k-9 Month CD
0.50%$2.5k-3 Month CD
0.50%$2.5k-6 Month CD

Wave Federal Credit Union IRA Rates

3.04%$1k-36 Month IRA Special
2.53%$1k-60 Month IRA
2.50%$1k-15 Month IRA Special
2.27%$1k-48 Month IRA
1.76%$2.5k-24 Month IRA
1.51%$1k-18 Month IRA
1.26%$1k-12 Month IRA
0.75%$2.5k-9 Month IRA
0.50%$2.5k-3 Month IRA
0.50%$2.5k-6 Month IRA

Wave Federal Credit Union Locations
Branch Office480 Greenwich AveWarwick, RI 02886-1606
Branch Office1217 Warwick AveWarwick, RI 02888-4109

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