Credit union · NCUA insured
Wave Federal Credit Union
A $155M credit union headquartered in Warwick, RI, with 6,872 members and 3 branches in Rhode Island. Best rates: CDs 4.25% and savings 0.85% APY.
Wave Federal Credit Union Carrot Score
84
Carrot Score
Higher than 67% of U.S. banks and credit unions
#12 of 44 in Providence, RI-MA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Wave Federal Credit Union
- Headquarters
- 480 Greenwich Ave, Warwick, RI 02886-1606
- NCUA charter
- 24501
Branches
3 branches in Rhode Island
Loading map…
Rhode Island
3 branches
- Corporate OfficeMain office480 Greenwich Ave, Warwick, RI 02886Directions
- Branch-Warwick Ave1217 Warwick Ave, Warwick, RI 02888Directions
- Blackstone River FCU10 Monument Sq, Woonsocket, RI 02895Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 12.30% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.93% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.48% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $58 | $76 | — |
- CapitalNet worth ratio12.30%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.93%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.48%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$58Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Wave Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.