Data Source: NCUA, December 31, 2016
Wave Federal Credit Union was founded in 1938. Headquartered in Warwick, Rhode Island, Wave Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Wave Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.
As of December 31, 2016, Wave Federal Credit Union services 6,995 members through its 2 offices and branches and 21 full-time and 4 part-time employees. It has $108,834,724 of total assets and $13,066,091 of net worth. Based on its asset size and net worth ratio, Wave Federal Credit Union is classified as a Well Capitalized medium large credit union.
Wave Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Wave Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.
The following two tables list the deplitory and loan interest rates of Wave Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Rhode Island and in the nation.
Major Deplitory Accounts and Interest Rates (%)
Major Loan Accounts and Interest Rates (%)
Wave Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Wave Federal Credit Union.
Electronic Banking Service Offerings
As a community financial institution, Wave Federal Credit Union actively involves in local communities by prliding services such as financial counseling, financial education, financial literacy workshops, first tim home buyer programs, and student scholarships.
Community and other Service Offerings
1217 Warwick Ave
Warwick, RI 02888-4109
480 Greenwich Ave
Warwick, RI 02886-1606