Quick Poll
The Fed raised rates 0.25% on Sept. 16. Will you move money into a higher-yield account?
|
iAdvertiser Disclosure
Advertiser Disclosure
Some institutions listed may have a business relationship with MonitorBankRates. Our proprietary systems independently track and verify all rates. Advertiser relationships do not influence our Safety Ratings, Star Ratings, Texas Ratio calculations, or the rates shown.
 Wave Federal Credit Union Rates & Review September 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated and Verified: September 21, 2026
Wave Federal Credit Union's 12-Month CD rates are at 3.70%, 18-Month CD rates are at 3.50%, 24-Month CD rates are at 3.50%, 36-Month CD rates are at 3.50%, 48-Month CD rates are at 3.50%. Wave Federal Credit Union's money market rates are at 0.75%. Wave Federal Credit Union's Personal Loan Rates are as low as 6.99%. MonitorBankRates evaluates the financial stability of Wave Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 1.15%. Rates last updated and verified on 09/21/2026. Wave Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Wave Federal Credit Union? Share your experience about Wave Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Wave Federal Credit Union. Wave Federal Credit Union
Corporate Office 480 Greenwich Ave
https://www.wavefcu.org Warwick, RI 02886-1606 
Wave Federal Credit Union CD Rates
Wave Federal Credit Union Savings Rates
Wave Federal Credit Union Money Market Rates
Wave Federal Credit Union Checking Rates
Wave Federal Credit Union Home Equity & HELOC
Wave Federal Credit Union Auto Loan Rates
Wave Federal Credit Union RV, Boat and Powersport Loan Rates
Wave Federal Credit Union Personal Loan Rates
Wave Federal Credit Union Other Rates
Financial Health HistoryWave Federal Credit Union’s Texas Ratio rose from 0.24% in Q2 2023 to 1.15% in Q1 2026, so its financial health has stayed very strong over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier — this credit union’s entire history sits far below the 15% threshold for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures. Swipe the chart sideways to see every quarter.
Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade
Powered by
MonitorBankRates
How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops. Show the quarterly figures
Source: NCUA 5300 call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.
Methodology & Data SourcesMonitorBankRates Star Rating
Our rating for Wave Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.
Texas Ratio
We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.
Rate Data Aggregation
We gather Wave Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with Wave Federal Credit Union's official website for the most current offers and terms.
Credit Union Profile & Overview
Credit Union Name
Wave Federal Credit Union
Website
https://www.wavefcu.org
Address
480 Greenwich Ave,
Warwick, RI 02886-1606
Phone
401-781-1020
Fax
401-562-1290
President
Kenneth Mallette, Jr.
CEO
David Dupere
Full-Time Employees
21
Part-Time Employees
3
Branch Locations
3
ATM Locations
2
NCUA Insured
✓ Yes — Up to $250,000 per depositor
FinancialsMonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A+ (99/100)
Texas Ratio
1.15%
Return on Assets (ROA)
0.1482%
Return on Equity (ROE)
1.1995%
Non-Performing Loans Ratio (NPL)
0.29%
Total Assets
154,985,205
Total Amount of Shares and Deposits
135,093,762
Total Shares and Deposits < 1 Year
131,522,463
Total Shares and Deposits 1 3 Years
3,003,713
Total Shares and Deposits > 3 Years
567,586
Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)
7,538,048
Total Uninsured Shares and Deposits > $250K (F+J)
7,538,048
Total Insured Shares and Deposits > $250K (item 17 less item K)
127,555,714
Total Interest Expense (Sum of items 6 8)
467,845
Share Certificates
947
Number of Accounts for Share Drafts
3,796
IRA KEOGH Accounts
393
Number of Accounts for Regular Shares
8,437
Money Market Shares
165
Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)
Well Capitalized
Net Worth Classification if credit union is a new credit union
Well Capitalized
Total Cash on Deposit (Amounts Deposited in Financial Institutions)
29,545,687
Total Liabilities
135,857,251
Source: NCUA — Last Updated 03/31/2026
Customer Reviews
There are no reviews for Wave Federal Credit Union yet. Feel free to create one below.
Looking for more bank and credit union reviews?
Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.
Add Your Rating and Review for Wave Federal Credit Union
Frequently Asked Questions About Wave Federal Credit UnionHow many branches does Wave Federal Credit Union operate?Wave Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes. Is a member application needed to join Wave Federal Credit Union?Yes, to access services at Wave Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations. Is there a first-time homebuyer program?Currently, Wave Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing. Are credit management and repair services offered?While formal credit repair services are not currently listed, Wave Federal Credit Union provides members with tools to manage their accounts and build a solid financial history. Does Wave Federal Credit Union offer online and mobile banking?Most modern institutions like Wave Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.wavefcu.org. Current Wave Federal Credit Union Rates
Retrieved from our database of financial products. Rates subject to change.
Compare to Other Credit Unions
Kellogg Community Credit Union
Guernsey Community Federal Credit Union
WVU Employees Federal Credit Union
Virginia Beach Postal Federal Credit Union
Sunflower Federal Credit Union
Rushmore Electric Federal Credit Union
Velma Federal Credit Union
Mazuma Credit Union
Kaleida Health Federal Credit Union
Massachusetts Family Federal Credit Union
Hale County Teachers Federal Credit Union
SCE Federal Credit Union
Christo Rey Federal Credit Union
Fraternal Order Of Police Federal Credit Union
Cleveland Church of Christ Federal Credit Union
Aurora Federal Credit Union
SUPERIOR CHOICE
Compass Credit Union
Huntington West Va Firemens Federal Credit Union
Skyone Federal Credit Union
Bayonne School Employees Federal Credit Union
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Rate Assistant
MonitorBankRates.com · Live Data
Try asking