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 1,536th largest credit union in the nation. It was established in 1938 and as of March of 2024, it had grown to 20 employees and 6,847 members at 3 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 State of Rhode Island or Bristol County Massachusetts.
See current membership details

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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 - YTD0.47%
Return on Equity - YTD3.79%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$142.5MM$144.7MM
LoansQ1 2024vs Q1 2023$79.1MM$72.2MM
DepositsQ1 2024vs Q1 2023$124.3MM$127.3MM
Equity CapitalQ1 2024vs Q1 2023$17.5MM$16.6MM
Loan Loss AllowanceQ1 2024vs Q1 2023$437K$364K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$138K$15K
Real Estate OwnedQ1 2024vs Q1 2023$0$0

Rates for Wave Federal Credit Union are currently being reviewed.


Wave Federal Credit Union Locations
Branch Office480 Greenwich AveWarwick, RI 02886-1606
Branch Office1217 Warwick AveWarwick, RI 02888-4109
Branch Office10 Monument SqWoonsocket, RI 02895-3023

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