Wave Federal Community Credit Union

Wave Credity Union in the Community

Community Corner


Warwick, RI – December 18, 2018 — Most members and staff at Warwick’s Wave Federal Credit Union cannot remember a December where the lobbies weren’t bustling with members bringing in gifts and donations. For the 24th consecutive year, Wave held its Giving Tree holiday drive, collecting gifts, gift cards and donations, hoping to make the season just a little brighter for many in-need families and elders in our local community. This year’s effort provided over 180 gifts to local veterans’ families and families and elders adopted by the West Bay Community Action.

“We could not have done it without the support of our amazing members and the hard work of our staff, many of whom take time out of their own busy work and holiday schedules to always make this event a tremendous success!” says Paul Archambault, Wave President/CEO. “We are truly blessed to have so many caring and generous souls in our community.”

About Wave Federal Credit Union

Wave is a 100% member-owned, community focused credit union with over $110 million in assets and more than 7,000 members. Originally chartered in 1938 as Narragansett Electric Employees’ Credit Union, Wave Federal Credit Union is a full-service financial institution with two offices in Warwick providing the highest level of service and personal attention to all members. Wave serves individuals and businesses in Providence, Warwick, Pawtucket, Cranston, East Greenwich, North Kingstown, South Kingstown, West Greenwich, West Warwick, Westerly, Charlestown and Coventry, Rhode Island. Bank with Wave and take advantage of great, low loan rates, higher savings rates, free checking, electronic banking, mobile check deposit and more!

Wave Federal Credit Unions kicked off its 80th Anniversary during International Credit Union Week. A candy bar, popcorn and Allie’s Donuts were featured in the lobby during the week. The highlight was the Haven Bros. truck at the main office and Jeff’s Firewood Pizza food truck at the Warwick Ave. branch. Erm’s Cupcake truck also visited each location. Over 300 free lunches and cupcakes were served. “It was really great to see our members, friends and neighbors turn out to help us celebrate this milestone” says Paul Archambault, Wave President & CEO. “It was fun sharing stories with some of our long time members reminiscing about where the credit union started in the basement of Narragansett Electric.”


pierinclassroomaAs part of our financial literacy program, Wave has developed partnerships with Toll Gate High School and Winman Junior High School, both in Warwick, RI, to teach the students how to effectively manage their personal finances. Seventy-five Toll Gate students meet with Wave representatives on a monthly basis to review topics such as careers, savings, checking/debit cards, financial planning, credit and loans, budgeting and other important financial matters. At Winman there are over two hundred and fifty students learning banking basics through quarterly workshops presented by the credit union. The response to this program has been very positive, and we hope to expand it to other area schools in the future.



Attendees from around the state took part in Wave’s second annual Home Buyer Expo held recently at the Credit Union’s headquarters. The Expo consisted of 30-minute group discussions on the half-hour from experts covering the topics of qualifying for a mortgage in today’s world, credit and credit scoring and closing costs and title insurance. In addition there were a number of exhibits including a special real estate area where topics such as affording your new home, first time home buying, selling your home and RI Housing were discussed. Other exhibits covered cover credit, closing facts and figures, inspections, appraisals and homeowner’s insurance.

If you are looking to buy a home and would like an information package from the Expo, please call David Dupere at (401) 562-1238 or This email address is being protected from spambots. You need JavaScript enabled to view it.


mtgshow322Wave was a participant at the recent Rhode to Success Summit which brought together nearly 600 real estate agents from around the Ocean State and throughout Southern New England for a day filled with valuable content, practical information and useful marketing insights.

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Saturday: 9am - 12pm

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