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.”


Wave participated in this great program to help brighten the holidays for service people and their families. Employees and members donated over $1,000 of "Wish List" supplies to be distributed to troops serving away from home.

holiday cheer

Left to Right: Branch Manager, Marie Morrell; Teller, Andrea DeMoranville; MSR, Lynne Greene; and Director of Retail Services & Marketing, Wanda Grillo display supplies donated by members and employees being sent to troops serving away from home in support of Operation Holiday Cheer.


This year Wave awarded scholarships in two categories...our regular scholarship category and a business scholarship category. The business scholarship program recognized two Toll Gate (Warwick, RI) high school seniors, Kayla Lopes and Colin Stamps, pursuing business degrees and who participated as part of Wave's yearlong CU4 Reality Financial Literacy Program and Fair. 2012businessscholarshipgroup

(Front row, left to right) Paul Archambault, Personal Finance Teacher William Aquilante, Kayla Lopes, Branch Manager Gail Tattersall. (Back row, left to right) Colin Stamps, Personal Finance Teacher Laurie Mockler, Department Chair Kenneth Castellone, Toll Gate Principal Stephen Chrabaszez and Branch Manager Carol A. Felingiere.

The regular scholarship program selection process considered financial need, grades, a personal essay plus extracurricular/community activities. The business scholarships were awarded at a special event held at Toll Gate High School while the regular scholarships were presented at a ceremony held at Wave's headquarters.

2012regscholarship2Shown from left to right: Matthew Hermenau, Paul Archambault, Brooke Amerantes and Jacob Dinerman. Other winners were Matthew Morris and Mariely Jimenez.

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