Wave Federal Credit Union

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 1,507th largest credit union in the nation. It was established in 1938 and as of December of 2021, it had grown to 21 employees and 6,904 members at 2 locations. Wave Federal Credit Union has an A+ health rating.

Field of Membership Restrictions

Wave Federal Credit Union is open to those who live, work, worship, or attend school in the Rhode Island communities of Charlestown, Coventry, Hopkinton, Cranston, East Greenwich, Exeter, North Kingstown, Pawtucket, Providence, Richmond, West Warwick, South Kingstown, Warwick, West Greenwich or Westerly.
See current membership details

Reviews (1)

WAVE Credit Union Is Not The Way To Go!

Posted by: |

No customer service, poor communication from the top down


Health Grade Components

NCUA #24501
Year Chartered1938
Primary Regulator
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD6.62%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$144.1MM$130.9MM
LoansQ4 2021vs Q4 2020$65.2MM$65.6MM
DepositsQ4 2021vs Q4 2020$127.3MM$115.3MM
Equity CapitalQ4 2021vs Q4 2020$16.2MM$15.2MM
Loan Loss AllowanceQ4 2021vs Q4 2020$385.00K$346.00K
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$114.00K$78.00K
Real Estate OwnedQ4 2021vs Q4 2020$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

0.30%*$50k*-E Savings
OTHER TIERS: 0.15% $2k - $10k | 0.20% $10k - $25k | 0.25% $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 Checking Account Rates

0.30%*$50k*-Navigator Checking
OTHER TIERS: 0.15% Up to $10k | 0.20% $10k - $25k | 0.25% $25k - $50k
0.05%$5-Select Checking
0.05%$5-Classic Checking

Wave Federal Credit Union CD Rates

0.90%$1k-60 Month CD
0.70%$1k-48 Month CD
0.60%$1k-36 Month CD
0.50%$2.5k-24 Month CD
0.45%$1k-18 Month CD
0.40%$2.5k-9 Month CD
0.40%$1k-12 Month CD
0.40%$1k-15 Month CD
0.30%$2.5k-6 Month CD
0.25%$2.5k-3 Month CD

Wave Federal Credit Union IRA Rates

0.90%$1k-60 Month IRA
0.70%$1k-48 Month IRA
0.60%$1k-36 Month IRA
0.50%$2.5k-24 Month IRA
0.45%$1k-18 Month IRA
0.40%$2.5k-9 Month IRA
0.40%$1k-12 Month IRA
0.40%$1k-15 Month IRA
0.30%$2.5k-6 Month IRA
0.25%$2.5k-3 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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