WAVE
Federal • WARWICK, Rhode Island • Est. 1938
Quick Facts
- Charter Number
- #24501
- Type
- Federal
- Established
- 1938
- Headquarters
- WARWICK, Rhode Island 02886-1606
- Address
- 480 GREENWICH AVE
- Branches
- 3
- ATMs
- 2
- Members
- 6,849
- Membership Type
- Other/Unknown
NCUA Financial Health Score
Based on NCUA Q4 2025 Call Report data
Well-capitalized with a healthy net worth ratio and solid financial fundamentals. A reliable institution with good long-term stability.
Financial Overview
Total Assets
Members
6,849 total members
Total Loans
Outstanding loan portfolio
Net Worth Ratio
Financial Details
| Metric | WAVE |
|---|---|
| Total Assets | $149.2M |
| Members | 6,849 |
| Loans Outstanding | $78.2M |
| Shares & Deposits | $129.7M |
| Net Worth | $18.9M |
| Net Worth Ratio | 12.68% |
| Loan-to-Share Ratio | 60.3% |
| Delinquency Rate | 1.02% |
| Net Income | +$846,746 |
Source: NCUA Q4 2025 Call Report • Cycle date: 12/31/2025
Branch Locations
3 locations · 2 ATMs
Corporate Office
Main Office480 Greenwich Ave
Warwick, RI 02886-1606
Branch-Warwick Ave
1217 Warwick Ave
Warwick, RI 02888-4109
Blackstone River FCU
10 Monument Sq
Woonsocket, RI 02895-3023
Who Can Join WAVE?
Membership Type: Other/Unknown
Membership eligibility for WAVE may vary. Contact the credit union directly to confirm qualification requirements.
Contact WAVE directly or visit their website for the most accurate and up-to-date membership eligibility information.
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View Rhode Island RankingsFrequently Asked Questions
Yes. WAVE is federally insured by the National Credit Union Administration (NCUA) up to $250,000 per depositor, per ownership category. This provides the same level of deposit protection as FDIC insurance at a bank.
As of the NCUA Q4 2025 Call Report, WAVE has 6,849 members and a potential membership field of 1,600,000 people.
WAVE's net worth ratio is 12.68% as of Q4 2025. The NCUA classifies a credit union as "well-capitalized" when its net worth ratio is 7% or higher. At 12.7%, WAVE meets this threshold.
WAVE operates 3 branch locations and has access to 2 ATMs. The main office is located at 480 Greenwich Ave, Warwick, RI 02886-1606.
WAVE was established in 1938. It is a federal credit union chartered under charter number 24501. The institution has been serving members for 88 years.
Data sourced from the NCUA Quarterly Call Report (Q4 2025). CUScore is an independent directory and is not affiliated with the NCUA or WAVE. All financial data is for informational purposes only.