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 1,525th largest credit union in the nation. It was established in 1938 and as of June of 2023, it had grown to 21 employees and 6,844 members at 2 locations. Wave Federal Credit Union's savings rates are 3X the national average, and it has an A health rating.

Field of Membership Restrictions

Wave Federal Credit Union is open to those who live, work, worship, or attend school State of Rhode Island or Bristol County Massachusetts.
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 - YTD0.76%
Return on Equity - YTD6.47%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$142.0MM$144.9MM
LoansQ2 2023vs Q2 2022$73.8MM$67.6MM
DepositsQ2 2023vs Q2 2022$124.4MM$128.0MM
Equity CapitalQ2 2023vs Q2 2022$16.8MM$16.2MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$354.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$42.00K$58.00K
Real Estate OwnedQ2 2023vs Q2 2022$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

1.50%*$50k*-E Savings
OTHER TIERS: 0.75% $2k - $10k | 0.85% $10k - $25k | 1.00% $25k - $50k
0.25%$5-E-Share Account
0.15%$5-Share Account
0.15%$5-Holiday Club Account
0.15%$5-Vacation Club Account
0.15%$5-IRA Share Account
0.15%$5-Roth IRA Account
0.15%$5-Educational IRA Account

Wave Federal Credit Union Checking Account Rates

0.40%*$25k*-Navigator Checking
OTHER TIERS: 0.30% Up to $10k | 0.35% $10k - $25k
0.35%*$100k*-Preferred Business Checking
OTHER TIERS: 0.15% $10k - $25k | 0.25% $25k - $100k
0.10%$5-Select Checking
0.10%$5-Classic Checking

Wave Federal Credit Union CD Rates

5.12%$1k-14 Month CD Special
4.07%$2.5k-24 Month Certificate Bump Up
2.78%$1k-36 Month Certificate
2.78%$1k-48 Month Certificate
2.78%$1k-60 Month Certificate
1.00%$1k-12 Month Certificate
0.40%$1k-15 Month Certificate
0.30%$2.5k-9 Month Certificate
0.25%$2.5k-3 Month Certificate
0.25%$2.5k-6 Month Certificate

Wave Federal Credit Union IRA Rates

5.12%$1k-14 Month IRA Special
4.07%$2.5k-24 Month IRA Bump Up
2.78%$1k-36 Month IRA
2.78%$1k-48 Month IRA
2.78%$1k-60 Month IRA
2.53%$1k-18 Month IRA
1.00%$1k-12 Month IRA
0.40%$1k-15 Month IRA
0.30%$2.5k-9 Month IRA
0.25%$2.5k-3 Month IRA
0.25%$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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