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 1,518th largest credit union in the nation. It was established in 1938 and as of September of 2020, it had grown to 18 employees and 7,143 members at 2 locations. Wave Federal Credit Union has an A+ health rating.
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
No customer service, poor communication from the top down
Overall | |
---|---|
NCUA # | 24501 |
Year Chartered | 1938 |
Employees | 18 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.33% |
Return on Equity - YTD | 2.77% |
Annual Interest Income | $2.9MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2020vs Q3 2019 | $129.3MM$116.3MM |
Loans | Q3 2020vs Q3 2019 | $64.4MM$60.4MM |
Deposits | Q3 2020vs Q3 2019 | $113.7MM$101.3MM |
Equity Capital | Q3 2020vs Q3 2019 | $15.0MM$14.6MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $343.00K$362.00K |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $60.00K$190.00K |
Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |
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 Locations | ||
---|---|---|
Branch Office | 480 Greenwich Ave | Warwick, RI 02886-1606 |
Branch Office | 1217 Warwick Ave | Warwick, RI 02888-4109 |