Federal credit union · WARWICK, Rhode Island · NCUA charter #24501
WAVE
Health score 84/100, grade A (Excellent) - from the NCUA 5300 Call Report, 2025Q4.
- 84
- Health / 100
- $149.2M
- Total assets
- 6,849
- Members
- 12.4%
- Net-worth ratio
WAVE scores 84/100 on PlainCU's health composite from NCUA 5300 Call Report data (2025Q4). Assets $149.2M; members 6,849; net-worth ratio 12.36%; health rank #2,107 of 4,374; healthier than 50th of scored peers.
Federal Call Report extract
NCUA 5300 Call Report Masthead
#2,107 of 4,374 health · 2025Q4WAVE · health 84/100 · $149.2M · 2025Q4
Call Report peers
WAVE in the assets neighbourhood
Subscribe to this credit union's financial changes (RSS) — one item per NCUA 5300 call report, no account required.
WAVE vs every NCUA-scored credit union
The busiest band is 85-89 (858 credit unions); WAVE sits in 80-84 with 767 others.
84 Top 50% higher than 50% of 4,374 credit unions
every scored credit union, bucketed by value
Each bar is a band; taller bars hold more credit unions. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count and share, and where it sits relative to this entry.
Source NCUA 5300 Call Report aggregates · 2025Q4
WAVE: Call Report deltas vs peers
- Strongest edge vs 1069 $100M–$500M peers is Net Worth Ratio: +0.25 pp (12.36% vs 12.11%).
- Loan-to-Share Ratio trails the peer set - 60.34% here, 72.20% peer average (-11.86 pp).
WAVE: in-state Call Report ranks
- Rhode Island health ordinal: #7 of 14.
- Assets rank #8 of 14 inside Rhode Island ($149.2M reported).
- Member book place in Rhode Island: #8 of 14.
- One place up in Rhode Island, Community & Teachers (#6) scores 85/100, 1 point higher; one place down, Blackstone River (#8) scores 83/100, 1 point lower.
WAVE: 2025Q4 → 2026Q1
WAVE: total assets by quarter
2023Q4 to 2026Q1, NCUA 5300
- Assets moved +3.9% from $149.2M (2025Q4) to $155.0M (2026Q1).
- Net-worth ratio shifted -0.32 pp (12.68% → 12.36%).
At 12.36%, this credit union is above the 7.0% NCUA well-capitalized threshold under PCA rules.
How the 84/100 score is built
WAVE gives up 16 points in total. Member Growth costs the most, 6.8 of its 15; Net Worth Ratio scores full marks.
- Net Worth Ratio 30.0 pts
- Delinquency Rate 19.9 pts
- Return on Assets 13.4 pts
- Member Growth 8.2 pts
- Loan-to-Share Ratio 12.5 pts
Financial Health Metrics
| Metric | Value | vs peer |
|---|---|---|
| Net Worth Ratio | 12.36% | +0.25 pp |
| Delinquency Rate | 1.02% | +0.13 pp |
| Return on Assets | 0.39% | -0.23 pp |
| Member Growth | -0.45% | - |
| Loan-to-Share Ratio | 60.34% | -11.86 pp |
Peer averages: $100M–$500M cohort, 1069 credit unions, 2025Q4 filing.
Call Report history - WAVE
| Quarter | Assets | Members |
|---|---|---|
| 2026Q1 | $155.0M | - |
| 2025Q4 | $149.2M | 6,849 |
| 2024Q4 | $147.9M | 6,880 |
| 2023Q4 | $138.5M | 6,784 |
Credit Union Details
- Charter Number
- 24501
- Type
- Federal
- Field of Membership
- Community
- Peer Group
- $100M–$500M
- State
- Rhode Island
- City
- WARWICK
- Data Quarter
- 2025Q4
Branch Locations (3)
Per its most recent NCUA branch filing, WAVE runs 3 offices in 2 different cities.
| Office | City |
|---|---|
| Corporate Office (Main Office) | Warwick, RI |
| Branch-Warwick Ave | Warwick, RI |
| Blackstone River FCU | Woonsocket, RI |
Source: NCUA Credit Union Branch Information, 2025Q4 filing.
Nearby Credit Unions in Rhode Island
A look at other Rhode Island credit unions, ranked by how closely their peer group and asset size match this one.
WAVE nationwide neighbourhoods
Similar total assets
Similar health score
Using this data
- WAVE ranks #2,107 of 4,374 nationally on financial health and #7 of 14 in RI -- the national figure is a benchmark, not a prediction for how any specific account performs. National health rankings
- Ocean State is a nearby credit union with a similar profile -- compare the two side by side before deciding where to bank. Compare with Ocean State
Frequently Asked Questions
Is WAVE financially healthy?
WAVE has a financial health score of 84/100 (Excellent) from its 2025Q4 NCUA 5300 Call Report. It ranks #2,107 of 4,374 nationally on health and #7 of 14 in Rhode Island. Its net worth ratio is 12.36% and its delinquency rate 1.02%.
How does WAVE compare to other credit unions?
WAVE scores 84/100, higher than 50% of the 4,374 scored credit unions. Against the 1069 peers in the $100M–$500M cohort, its widest edge is net worth ratio (12.36% vs 12.11%). Its widest shortfall is loan-to-share ratio (60.34% vs 72.20%).
How can I join WAVE?
WAVE operates under a community charter, meaning membership is generally open to anyone who lives, works, worships, or attends school within its defined geographic service area, no employer or association tie required. Contact WAVE directly for the exact boundaries and application steps.
Is my money safe at WAVE?
WAVE is a federal credit union; its shares are federally insured by the National Credit Union Share Insurance Fund (NCUSIF), administered by the NCUA. Each individual depositor is insured up to $250,000, the same limit as FDIC-insured banks. WAVE's net worth ratio of 12.36% exceeds the 7% threshold NCUA considers "well capitalized."
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.