Warwick, RI 02886
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.40% →
1-Year CD 0.50% 1.15% →
2-Year CD 0.70% 1.26% →
5-Year CD 1.00% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Credit Union Information

Wave is an NCUA insured institution located in Warwick, RI. It was founded in 1938 and has approximately $116.35 millions in assets.

NCUA Insured Yes
Charter Number # # 24501
Date Established 1938
Assets $116.35 million
Loans $60.44 million
Deposits $101.32 million
Capital $14.58 million

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.

Deposit Rates - July 2, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.05% $5 - Learn More
Money Market
0.15% $2,000 $9,999 Learn More
Money Market
0.20% $10,000 $24,999 Learn More
Money Market
0.30% $25,000 $49,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.50% $2,500 - Learn More
6 Mo CD
0.50% $2,500 - Learn More
12 Mo CD
0.50% $1,000 - Learn More
18 Mo CD
0.60% $1,000 - Learn More
24 Mo CD
0.70% $2,500 - Learn More
36 Mo CD
0.80% $1,000 - Learn More
48 Mo CD
0.90% $1,000 - Learn More
60 Mo CD
1.00% $1,000 - Learn More
Variable IRA Rates APY MIN MAX
0.10% $5 - Learn MoreShow Less
Fixed IRA
0.50% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 - Learn MoreShow Less

Loan Rates - July 2, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for WAVE

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info

Note to WAVE
To upload and update your bank's rates please register. It is free to register and add rates.


Below are Wave branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:

Wave Locations

Financial Details

Wave Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Wave. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Wave U.S. Average
4.48% 5.92

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of September 30, 2019, Wave had $659,460 in non-current loans and $10,000 in owned assets. To cover these potential losses it had $14,578,095 in net worth and $361,606 in loans loss reserves. That gives it a Texas Ratio of 4.48%.

Net Worth
Wave U.S. Average
12.52% 13.86%

Wave FCU has a net worth of 12.52% versus the BestCashCow average of 13.86. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Wave

Branches and Savings

What is Wave?

A federal credit union, registered with the NCUA under certificate #24501.
Learn more about credit unions here.

Is Wave FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Wave?

Please see Field of Membership information above for information on who is eligible to join.

What are Wave's share account and share certificate rates?

Wave's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Wave?

Wave has total capital of $14.58 million. Full information on Wave's financial position is located above.

Who owns Wave?

Credit Unions are owned by their members.

Where are Wave branches located?

See branch locations nearby.

Are Wave ATMs Open 24/7?

Do Wave ATMs accept cash deposits?

Can Wave customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Wave have a mobile app?

Does Wave have mobile deposit?

Does Wave have quick pay?

How can Wave transfer money to other banks or credit unions?

Does Wave report to credit bureaus?

Does Wave use Chexsystems?

Does Wave use Equifax?

What is Wave's toll free phone number?

What is Wave's ACH Routing Number?

What is Wave's SWIFT code?

Where can I find Wave's wire transfer form?

What is the Wave address for deposits?

What Products Does Wave Offer

Does Wave offer mortgages?

Compare mortgage rates here.

Does Wave offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Wave offer auto and RV loans?

Compare auto loan rates here.

Does Wave offer student loans or personal loans?

Compare personal loan rates here.

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