Wave Federal Credit Union


Overview / Commentary
401-781-1020
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 1,515th largest credit union in the nation. It was established in 1938 and as of September of 2022, it had grown to 20 employees and 6,971 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

Health Grade Components

Overall
NCUA #24501
Year Chartered1938
Employees20
Primary Regulator
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD3.08%
Annual Interest Income$2.6MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$144.8MM$142.8MM
LoansQ3 2022vs Q3 2021$70.5MM$66.5MM
DepositsQ3 2022vs Q3 2021$128.1MM$125.9MM
Equity CapitalQ3 2022vs Q3 2021$16.0MM$16.2MM
Loan Loss AllowanceQ3 2022vs Q3 2021$380.00K$338.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$260.00K$103.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$0
Rates

Rates for Wave Federal Credit Union are currently being reviewed.

Locations


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

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