Wave Federal Credit Union

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A short history of Wave FCU

Since its inception in 1938 the Wave Federal Credit Union has been serving its members in the WARWICK, Rhode Island area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Paul Archambault, the Wave FCU has grown its membership to over 7,013 with assets of more than $114,422,826. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (401) 781-1020 or email them at cuinfo@wavefcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in WARWICK, RI.

General Information For Wave FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 24501
Address 480 GREENWICH AVE 
State Rhode Island 
Zip-Code 02886
Phone Number (401) 781-1020
Fax Number (401) 562-1290
Email Address: cuinfo@wavefcu.org
CEO/President Paul Archambault
Members 7,013 
Full-Time Employees 19 
Part-Time Employees
Number of Branch Offices
Total Assets 114,422,826 
Website http://www.wavefcu.org 

Compare Wave Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Greenwood CU Main Site - 2669 Post Rd 2669 Post Rd 02886 (401) 739-4600 No 0.75
Kent Hospital CU KENT COUNTY MEMORIAL HOSPITAL EMP. FCU 455 TOLL GATE RD 02886 (401) 737-7000 No 0.92
Cranston Municipal Employees CU Corporate Office 1615 PONTIAC AVE 02920 (401) 463-3010 No 2.31
Natco Employees CU Corporate Office 155 Brookside Ave 02893 (401) 828-0300 No 3.33
Coventry Teachers CU Coventry Teachers FCU 9 Foster Dr 02816 (401) 826-1682 No 5.09

Wave Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Wave Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 11.99 3.00 3.50 4.25 4.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 410 146 147 174 132
Rank Among All Rhode Island Credit Unions 4 9 8 10 5

Wave Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.05 0.35 0.60 0.60
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 143 89 240 211
Rank Among All Rhode Island Credit Unions 6 8 3 9 7
Wave Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 11.9901,6261,935,920
All Other Unsecured Loans/Lines of Credit 10.9906921,612,390
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 8.000718,304
New Vehicle Loans 3.0001772,978,857
Used Vehicle Loans 3.5006735,618,011
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.25027529,771,513
Total Other Real Estate Loans/Lines of Credit 4.25036612,523,259
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 7.99057559,914
TOTAL LOANS & LEASES 3,87355,018,168

Wave Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 8413,064,713101,678,487
    b. 15 Years or less 15711,987,296121,343,295
    a. > 15 years 2125,92200
    b. 15 Years or less 3340,59700
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 294,252,9851149,600


Closed-End Fixed Rate 933,427,2469367,942
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 2739,096,013331,667,000
Open-End Fixed Rate 0000
TOTALS 64142,294,772655,206,324


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 1736,310,0381,592,000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Wave Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes