2. Wave Federal Credit Union

Wave Federal Credit Union


Overview / Commentary
www.wavefcu.org
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 1,476th largest credit union in the nation. It was established in 1938 and as of June of 2019, it had grown to 21 employees and 7,177 members at 2 locations. Wave Federal Credit Union's CD rates are 40% higher than the national average, and it boasts 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, Cranston, East Greenwich, Exeter, Hopkinton, North Kingstown, Pawtucket, Providence, Richmond, South Kingstown, Warwick, West Greenwich, West Warwick, or Westerly.
See current membership details

Related Posts

9-Month CD Special, 2.21% APY - 11/8/2019

9-month Certificate Special, 2.21% APY, $2,500 minimum deposit. Field of membership includes 15 Rhode Island communities.

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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

1


Health
A+

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #24501
Year Chartered1938
Employees21
Primary Regulator
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD3.88%
Annual Interest Income$2.0MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$119.9MM$113.2MM
LoansQ2 2019vs Q2 2018$59.5MM$58.7MM
DepositsQ2 2019vs Q2 2018$105.2MM$99.1MM
Equity CapitalQ2 2019vs Q2 2018$14.3MM$13.6MM
Loan Loss AllowanceQ2 2019vs Q2 2018$387.00K$301.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$238.00K$362.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

9-Month CD Special, 2.21% APY

Carpline   |  
9-month Certificate Special, 2.21% APY, $2,500 minimum deposit.

Field of membership includes 15 Rhode Island communities.
2

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
0.60%*$50k*-E Savings
OTHER TIERS: 0.20% → $2k - $10k | 0.30% → $10k - $25k | 0.50% → $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
2.21%$2.5k-9 Month CD Special
2.02%$1k-48 Month CD
2.02%$1k-36 Month CD Special
2.02%$1k-60 Month CD Special
1.76%$2.5k-24 Month CD
1.51%$1k-18 Month CD
1.41%$1k-15 Month CD
1.26%$1k-12 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
2.21%$2.5k-9 Month IRA Special
2.02%$1k-48 Month IRA
2.02%$1k-36 Month IRA Special
2.02%$1k-60 Month IRA Special
1.76%$2.5k-24 Month IRA
1.51%$1k-18 Month IRA
1.41%$1k-15 Month IRA
1.26%$1k-12 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.