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 1,516th 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.
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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

Health Grade Components

Overall
NCUA #24501
Year Chartered1938
Employees21
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
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations


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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.