Wave Federal Credit Union

TODAY'S FEATURED RATES

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.20%

Our Rating

3.6 / 5

Jenius Bank

Jenius Savings Account

See Offer

Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.

Member FDIC

4.10%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.

Member FDIC

4.35%

Our Rating

4.1 / 5

BrioDirect

High-Yield Savings

See Offer

Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC

Member FDIC

4.36%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

3.80%

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC

Member FDIC

3.60%

Our Rating

4.2 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

up to $300

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

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 8^th largest credit union in the state of Rhode Island. It is also the 1,496^th 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.

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

Reviews

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Health

A+

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #	24501
Year Chartered	1938
Employees	20
Primary Regulator

Profit Margin
Return on Assets - YTD	0.4%
Return on Equity - YTD	3.24%
Annual Interest Income	$6.1MM

Assets and Liabilities
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

TODAY'S FEATURED RATES

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.20%

Our Rating

3.6 / 5

Jenius Bank

Jenius Savings Account

See Offer

Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.

Member FDIC

4.10%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.

Member FDIC

4.35%

Our Rating

4.1 / 5

BrioDirect

High-Yield Savings

See Offer

Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC

Member FDIC

4.36%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

3.80%

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.60%

Our Rating

4.2 / 5

American Express®

High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

up to $300

Our Rating

4.3 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Rates for Wave Federal Credit Union are currently being reviewed.

Locations

Wave Federal Credit Union Locations
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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