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 1,505th largest credit union in the nation. It was established in 1938 and as of September of 2019, it had grown to 18 employees and 7,210 members at 2 locations. Wave Federal Credit Union's CD rates are 23% 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


Health Grade Components

NCUA #24501
Year Chartered1938
Primary Regulator
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD4.74%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$116.3MM$110.5MM
LoansQ3 2019vs Q3 2018$60.4MM$58.6MM
DepositsQ3 2019vs Q3 2018$101.3MM$96.3MM
Equity CapitalQ3 2019vs Q3 2018$14.6MM$13.9MM
Loan Loss AllowanceQ3 2019vs Q3 2018$362.00K$341.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$190.00K$628.00K
Real Estate OwnedQ3 2019vs Q3 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.

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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

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

1.92%$1k-60 Month CD Special
1.81%$1k-48 Month CD
1.76%$2.5k-9 Month CD Special
1.76%$1k-36 Month CD Special
1.61%$2.5k-24 Month CD
1.41%$1k-18 Month CD
1.31%$1k-15 Month CD
1.11%$1k-12 Month CD
0.50%$2.5k-3 Month CD
0.50%$2.5k-6 Month CD

Wave Federal Credit Union IRA Rates

1.92%$1k-60 Month IRA Special
1.81%$1k-48 Month IRA
1.76%$2.5k-9 Month IRA Special
1.76%$1k-36 Month IRA Special
1.61%$2.5k-24 Month IRA
1.41%$1k-18 Month IRA
1.31%$1k-15 Month IRA
1.11%$1k-12 Month IRA
0.50%$2.5k-3 Month IRA
0.50%$2.5k-6 Month IRA

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

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