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 1,496th largest credit union in the nation. It was established in 1938 and as of December of 2024, it had grown to 20 employees and 6,880 members at 3 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 State of Rhode Island or Bristol County Massachusetts.
See current membership details
Overall | |
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NCUA # | 24501 |
Year Chartered | 1938 |
Employees | 20 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.4% |
Return on Equity - YTD | 3.24% |
Annual Interest Income | $6.1MM |
Assets and Liabilities | ||
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Assets | Q4 2024vs Q4 2023 | $147.9MM$138.5MM |
Loans | Q4 2024vs Q4 2023 | $80.2MM$78.7MM |
Deposits | Q4 2024vs Q4 2023 | $129.1MM$120.2MM |
Equity Capital | Q4 2024vs Q4 2023 | $18.1MM$17.3MM |
Loan Loss Allowance | Q4 2024vs Q4 2023 | $448K$429K |
Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $253K$283K |
Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |
Rates for Wave Federal Credit Union are currently being reviewed.
Wave Federal Credit Union Locations | ||
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Branch Office | 480 Greenwich Ave | Warwick, RI 02886-1606 |
Branch Office | 1217 Warwick Ave | Warwick, RI 02888-4109 |
Branch Office | 10 Monument Sq | Woonsocket, RI 02895-3023 |
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