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.
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
No customer service, poor communication from the top down
Overall | |
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NCUA # | 24501 |
Year Chartered | 1938 |
Employees | 20 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.34% |
Return on Equity - YTD | 3.08% |
Annual Interest Income | $2.6MM |
Assets and Liabilities | ||
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Assets | Q3 2022vs Q3 2021 | $144.8MM$142.8MM |
Loans | Q3 2022vs Q3 2021 | $70.5MM$66.5MM |
Deposits | Q3 2022vs Q3 2021 | $128.1MM$125.9MM |
Equity Capital | Q3 2022vs Q3 2021 | $16.0MM$16.2MM |
Loan Loss Allowance | Q3 2022vs Q3 2021 | $380.00K$338.00K |
Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $260.00K$103.00K |
Real Estate Owned | Q3 2022vs Q3 2021 | $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 |