WAVE Credit Union Profile

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WAVE

Charter #24501 | NCUA Region 1 | FCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (401) 781-1020

Fax: (401) 562-1290

Founding Date: N/A

Website: https://www.wavefcu.org

Personnel & Operations

President: Mallette, Jr., Kenneth

Manager: Dupere, David

FT Employees: 21

PT Employees: 2

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 00

Branches: 3

Hours: MON - WED 9:00 AM TO 4:00 PM THURS - FRI 9

Credit Union Profile Summary

WAVE is a FCU Credit Union. With a total of 6,903 members [1], this institution manages approximately $147,665,283 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 12.55% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -0.72% [1].

Financial Snapshot

Total Assets [1]
$147,665,283

Total economic resources.

Total Loans [1]
$79,558,168

Total value of outstanding loans.

Total Deposits [1]
$128,402,625

Total funds deposited by members.

Members [1]
6,903

Number of active members.

Performance Ratios

Net Worth Ratio [1]
12.55%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.47%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
61.96%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 2.70%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -0.72%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↑ 0.47%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

480 GREENWICH AVE

WARWICK, RI, 02886-1606
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 2 branches reported by WAVE (Charter #24501).

Main Office

Corporate Office Main Office

Type: Corporate Office

480 Greenwich Ave

Warwick, RI 02886-1606

Phone: (401) 781-1020

Services: Member Services, ATM, Drive-Thru

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Additional Branches

Warwick

Branch-Warwick Ave

Type: Branch Office

1217 Warwick Ave

Warwick, RI 02888-4109

Phone: (401) 463-9574

Services: Member Services, ATM, Drive-Thru

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