Wave Federal Community Credit Union

Wave Credity Union in the Community

Community Corner

Special Olympics RI

The Credit Unions of Rhode Island's Social Responsibility Commitee extends a BIG THANKS to all of the credit unions, their members, and sponsors for the generous support given to the Association’s designated charity, the Special Olympics Rhode Island (SORI).

Through the year-long efforts, a total of $100,000 was donated, again making the Credit Unions of Rhode Island one of the largest corporate donors to Special Olympics Rhode Island. Total funds raised in twenty-two years is $1.22 Million! These funds ensure that many athletes have the opportunity to challenge themselves and enjoy the sense of achievement.
In the words of the founder of Special Olympics International, Mrs. Eunice Kennedy Shriver, "For great world athletes the contest may last only minutes. Then it is over and they have won or lost. But for Special Olympians, the contest can last a lifetime. The challenge begins each day. What they win by their courageous efforts is far greater than any game. They are winning life itself, and in doing so, they give to others a most precious prize...faith in the unlimited possibilities of the human spirit."
The Credit Unions of Rhode Island is proud of the efforts made by the credit union community as a whole. Together, as one organization, we have helped to inspire greatness among the athletes.
We look forward to your continued support in 2019-2020. Your participation and donations to this meaningful cause help to put smiles on the faces of athletes throughout the state.




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.

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Thurs-Fri: 9am - 5pm
Saturday: 9am - 12pm

Mon-Wed: 9am - 4pm
Thurs-Fri: 9am - 5pm
Saturday: 9am - 12pm

P: 401-781-1020