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Wave Federal Credit Union

Popular Accounts at this Credit Union

2.02%5-year CD60 Month CD
0.60%1-year CD12 Month CD
0.05%SavingsShare Account

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 1,493rd largest credit union in the nation. It was established in 1938 and as of September of 2017, it had grown to 18 employees and 6,987 members at 3 locations. Wave Federal Credit Union has an A+ health rating.

Field of Membership Restrictions

Must live, work, attend school or worship in Providence, Warwick, Pawtucket, Cranston, East Greenwich, North Kingstown, South Kingstown, West Greenwich, West Warwick or Coventry, Rhode Island.
See current membership details

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Health Grade Components

NCUA #24501
Year Chartered1938
Primary Regulator
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD2.45%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$112.3MM$110.2MM
LoansQ3 2017vs Q3 2016$56.9MM$54.3MM
DepositsQ3 2017vs Q3 2016$98.5MM$96.6MM
Equity CapitalQ3 2017vs Q3 2016$13.3MM$13.0MM
Loan Loss AllowanceQ3 2017vs Q3 2016$304.00K$332.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$119.00K$419.00K
Real Estate OwnedQ3 2017vs Q3 2016$0$99.00K
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* 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

0.40%*$50k*-E Savings
OTHER TIERS: 0.10% $2k - $10k | 0.20% $10k - $25k | 0.30% $25k - $50k
0.15%--E-Share Account
0.10%--IRA Share Account
0.10%--Roth IRA Account
0.10%--Educational IRA Account
0.05%--Share Account
0.05%--Holiday Club Account
0.05%--Vacation Club Account

Wave Federal Credit Union CD Rates

2.02%$1k-60 Month CD
1.76%$1k-48 Month CD
1.51%$1k-36 Month CD
1.26%$2,500-24 Month CD
1.10%$2,500-9 Month CD Special
0.90%$1k-18 Month CD
0.75%$1k-15 Month CD
0.60%$1k-12 Month CD
0.50%$2,500-3 Month CD
0.50%$2,500-6 Month CD

Wave Federal Credit Union IRA Rates

2.02%$1k-60 Month IRA
1.76%$1k-48 Month IRA
1.51%$1k-36 Month IRA
1.26%$2,500-24 Month IRA
1.10%$2,500-9 Month IRA Special
0.90%$1k-18 Month IRA
0.75%$1k-15 Month IRA
0.60%$1k-12 Month IRA
0.50%$2,500-3 Month IRA
0.50%$2,500-6 Month IRA

Wave Federal Credit Union Locations
Branch Office2 Wilder AveWesterly, RI 02891-3411
Branch Office480 Greenwich AveWarwick, RI 02886-1606
Branch Office1217 Warwick AveWarwick, RI 02888-4109