Whether for a new kitchen or rec room, a vacation, consolidating debt, education expenses, new car or for just about any purpose, a home equity loan can be the answer while also offering possible tax advantages.** Ours come with no points, no closing costs and no annual fees.** And, unlike many institutions that make you pay the old-fashioned way…monthly, or charge you a fee to pay more frequently, at Wave you can set up a weekly, bi-weekly or monthly payment plans and you can change it at any time…without penalty. You can also choose to pay interest only* or principal and interest.

So whether you are interested in a variable rate plan or a fixed-rate plan, put it on the house and let us help design the right loan program for you. Applying is easy; just bring in your verification of income, proof of ownership and an insurance binder and we’ll help with the rest. We can even provide a pre-approval within 24-hours.

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* APR = Annual Percentage Rate.
** Offer based on individual creditworthiness. 4.99% APR introductory rate for the first 12 months. On the 13^th month the variable rate of interest as low as Prime minus 0.75% as published in the Wall Street Journal 30 days before the date of any rate adjustment. As of 05/03/23, Prime Rate was 8.25%. Interest rates and line amounts are determined by individual creditworthiness and are subject to a loan-to-value ratio of 80%. Offer limited to 1-4 family owner-occupied primary residence properties only. Property insurance (and flood insurance if applicable) is required. Offer and rate are subject to change at any time without notice. Other terms and restrictions may apply. APR will not exceed 18% with a minimum APR of 6.25%. Existing Wave FCU loans are eligible with at least a $25,000 line increase. Applicable trust review fees and condo fees may apply.

Deadline: Scholarship application and supporting documents must be submitted to Wave Federal Credit Union by Friday, April 5^th, 2024.

Please email applications to This email address is being protected from spambots. You need JavaScript enabled to view it. or mail/drop off at 480 Greenwich Ave, Warwick RI 02886.

Download an application here or pick one up at any of our convenient locations.

Wave Federal Credit Union will be awarding 4 $1000.00 college scholarships this year to full-time students currently enrolled in or accepted to a college or university undergraduate program for the 2024 school year. One student will also have an opportunity to win an additional scholarship, provided by the Cooperative Credit Union Association of Rhode Island. Students who are a member of Wave Federal Credit Union or whose parent(s) or guardian are a member are eligible.

To apply to the Wave FCU Scholarship:

1. The applicant must be a full-time student currently enrolled in or accepted to a college/university undergraduate program for the 2024 school year.

2. The applicant or parent/guardian must be a member of Wave Federal Credit Union.

3. Students must submit the following items with their completed applications. All items requested must be received for the application to qualify for consideration.

• A completed Wave FCU Scholarship Application Form (in black ink)
• Official academic transcript
• A 250 word essay describing what career the student wishes to pursue upon completion of their education
• A detailed list of volunteer and community activities

Connect with your cash anytime with Wavenet!

It’s fast, convenient, easy and FREE. Through Wavenet you can do all your banking from the comfort of your home, on the road and anywhere there’s Internet access.

• Access your accounts
• View transaction history
• Pay bills
• Transfer funds from one account to another
• Pay a loan

To apply, simply complete the Account Services application drop it off or mail or fax it to us. Please do not submit through e-mail. Once your accounts are activated, you’ll receive confirmation and instructions to get you riding the Wave to online banking convenience.

Questions?

Call our member service line at (401) 781-1020 for assistance.

Nationwide Surcharge-Free ATM Banking

As a member of Wave, you’re likely to find an ATM or a CO-OP Shared Branch wherever you travel from sea to shining sea. For an ATM or Debit/MasterCard download the application. And with Wavenet online banking and Wave Bill-Pay, you’re never out of touch. Download a handy Wavenet application here. Plus, for even more added convenience, you can download the SUM, MoneyPass and CO-OP ATM networks right to your smart phone.

Through the Credit Union ATM Connection, participating Rhode Island credit unions let you use their ATMs for withdrawals absolutely FREE. There are no foreign transaction fees and currently over 50 ATM locations strategically situated across Rhode Island.

The SUM program offers surcharge-free ATM transactions at over 2,800 ATMs throughout New England. Just look for the SUM logo on participating ATMs.

With MoneyPass you enjoy the same surcharge-free access at thousands of ATMs throughout the nationwide MoneyPass network.

CO-OP ATMs provide surcharge-free access at 30,000 ATMs, including 5,500 7-Eleven locations throughout the US and Canada. You’ll also find them wherever you see the CO-OP Shared Branch sign.