Featured Savings Rates
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Wave Federal Credit Union

Popular Accounts at this Credit Union

1.76%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 1,491st largest credit union in the nation. It was established in 1938 and as of June of 2016, it had grown to 19 employees and 7,144 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 - YTD0.31%
Return on Equity - YTD2.58%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$108.8MM$112.0MM
LoansQ2 2016vs Q2 2015$54.3MM$57.4MM
DepositsQ2 2016vs Q2 2015$95.5MM$98.1MM
Equity CapitalQ2 2016vs Q2 2015$12.9MM$12.5MM
Loan Loss AllowanceQ2 2016vs Q2 2015$339.00K$536.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$108.00K$91.00K
Real Estate OwnedQ2 2016vs Q2 2015$99.00K$171.00K
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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

0.35%*$50k*-E Savings
OTHER TIERS: 0.10% $2k - $10k | 0.15% $10k - $25k | 0.25% $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

1.76%$1k-60 Month CD
1.51%$1k-48 Month CD
1.21%$1k-36 Month CD
1.10%$2,500-24 Month CD
0.75%$1k-18 Month CD
0.70%$1k-15 Month CD
0.60%$1k-12 Month CD
0.55%$2,500-9 Month CD
0.50%$2,500-6 Month CD
0.30%$2,500-3 Month CD

Wave Federal Credit Union IRA Rates

1.76%$1k-60 Month IRA
1.51%$1k-48 Month IRA
1.21%$1k-36 Month IRA
1.10%$2,500-24 Month IRA
0.75%$1k-18 Month IRA
0.70%$1k-15 Month IRA
0.60%$1k-12 Month IRA
0.55%$2,500-9 Month IRA
0.50%$2,500-6 Month IRA
0.30%$2,500-3 Month IRA

Wave Federal Credit Union Locations
Branch Office2 Wilder AveWesterly, RI 02891-3411
Branch Office480 Greenwich AveWarwick, RI 028861606
Branch Office1217 Warwick AveWarwick, RI 02888-4109