WAVE

Charter #24501 | RI

100M-500M (1077 CUs) Micro
3 100M-500M in RI

WAVE has 1 strength but faces 6 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Emerging Performer: Top 23.3% in tier

Key Concerns

Areas that may need attention

  • - Efficiency Drag: Bottom 2.8% in tier
  • - Liquidity Overhang: Bottom 19.9% in tier
  • - ROA 0.28% below tier average
  • - Efficiency ratio 6.55% above tier (higher cost structure)
  • - Fee Income Per Member: Bottom 7.3% in tier
  • - Total Members: Bottom 9.7% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (RI) National Avg Tier Percentile
Members 6,886
+0.0% YoY-0.2% QoQ
 -8.7K 15,628
-3.4% YoY
 35,904
+9.4% YoY
 33,089
+6.1% YoY
 Bottom 9.7% in tier
Assets $147.6M
+1.1% YoY-0.0% QoQ
 $-83.7M $231.3M
-0.0% YoY
 $771.6M
+10.6% YoY
 $547.7M
+7.8% YoY
 30th in tier
Loans $79.4M
-1.8% YoY-0.1% QoQ
 $-68.4M $147.8M
-1.4% YoY
 $651.4M
+12.0% YoY
 $388.7M
+8.6% YoY
 Bottom 21.6% in tier
Deposits $128.0M
+1.0% YoY-0.3% QoQ
 $-72.3M $200.3M
-0.0% YoY
 $641.8M
+11.9% YoY
 $464.6M
+9.3% YoY
 29th in tier
ROA 0.5%
+2.2% YoY+8.7% QoQ
 -0.3% 0.8%
+15.5% YoY
 0.5%
-21.3% YoY
 0.7%
+273.4% YoY
 33rd in tier
NIM 3.2%
+4.5% YoY+3.0% QoQ
 -0.4% 3.6%
+6.9% YoY
 2.9%
+1.1% YoY
 3.7%
+5.0% YoY
 26th in tier
Efficiency Ratio 83.8%
-0.1% YoY-1.8% QoQ
 +6.6% 77.3%
-3.0% YoY
 83.0%
+4.4% YoY
 79.1%
-3.3% YoY
 74th in tier
Delinquency Rate 0.4%
-23.8% YoY-59.7% QoQ
 -0.5 0.9%
+7.6% YoY
 0.5%
-36.2% YoY
 1.2%
-0.9% YoY
 26th in tier
Loan To Share 62.1%
-2.8% YoY+0.2% QoQ
 -10.6% 72.7%
-1.5% YoY
 78.6%
+0.3% YoY
 68.0%
-1.7% YoY
 25th in tier
AMR $30,127
-0.2% YoY+0.0% QoQ
 +$6K $24,363
+2.9% YoY
 $26,126
+7.2% YoY
 $19,418
+1.3% YoY
 Top 16.5% in tier
CD Concentration 27.6%
+3.7% YoY+2.2% QoQ
 +3.2% 24.4%
+4.2% YoY
 27.4%
+6.5% YoY
 19.6%
+6.2% YoY
 50th in tier
Indirect Auto % 3.6%
-20.0% YoY-6.8% QoQ
 -10.3% 14.0%
-5.8% YoY
 10.6%
+7.4% YoY
 7.9%
-2.9% YoY
 50th in tier

Signature Analysis

Strengths (1)

Emerging Performer

growth
#437 of 627 • Top 23.3% in tier

Profitable credit union with positive returns. May represent growth potential worth exploring.

Why This Signature
Return on Assets: 0.51%
(Tier: 0.77%, National: 0.71%)
but worse than tier avg
Member Growth (YoY): 0.04%
(Tier: 0.88%, National: 9.37%)
but worse than tier avg
627 of 1077 Community CUs have this signature | 852 nationally
↑ Growing +13 CUs YoY | Rank worsening

Concerns (2)

Efficiency Drag

risk
#50 of 521 • Bottom 2.8% in tier

High efficiency ratio (>80%) indicates elevated operating costs relative to revenue. Margin improvement opportunities may exist.

Why This Signature
Efficiency Ratio: 83.83%
(Tier: 77.15%, National: 79.10%)
worse than tier avg
ROA Change (YoY): 0.01% points
(Tier: 0.11% points, National: 0.05% points)
worse than tier avg
Member Growth (YoY): 0.04%
(Tier: 0.88%, National: 9.37%)
worse than tier avg
521 of 1077 Community CUs have this signature | 624 nationally
↓ Shrinking -113 CUs YoY | Rank improving

Liquidity Overhang

risk
#308 of 552 • Bottom 19.9% in tier

Very high net worth ratio (>12%). Strong capital position may indicate opportunity to deploy capital more productively.

Why This Signature
Net Worth Ratio: 12.70%
(Tier: 11.95%, National: 14.51%)
but better than tier avg
Loan-to-Share Ratio: 62.06%
(Tier: 74.56%, National: 67.96%)
worse than tier avg
552 of 1077 Community CUs have this signature | 691 nationally
↑ Growing +65 CUs YoY

Metric Rankings

See how this credit union ranks across all tracked metrics compared to peers.

Strengths: Metrics in the top 25% (75th percentile or higher) | Concerns: Metrics in the bottom 25% (25th percentile or lower)

Comparing against 1077 peers in tier

Top Strengths (2 metrics)

178
Average Member Relationship (AMR)
engagement
Value: $30,127
Peer Avg: $24,363
#178 of 1077 Top 16.4% in 100M-500M tier
223
Net Charge-Off Rate
risk
Value: 0.14%
Peer Avg: 0.47%
#223 of 1077 Top 20.6% in 100M-500M tier

Top Weaknesses (5 metrics)

999
Fee Income Per Member
profitability
Value: $79.95
Peer Avg: $174.31
#999 of 1077 Bottom 7.3% in 100M-500M tier
973
Total Members
engagement
Value: 6,886
Peer Avg: 15,628
#973 of 1077 Bottom 9.7% in 100M-500M tier
918
First Mortgage Concentration (%)
balance_sheet
Value: 48.63%
Peer Avg: 30.43%
#918 of 1077 Bottom 14.9% in 100M-500M tier
855
AMR Growth Rate
growth
Value: -0.16%
Peer Avg: 3.64%
#855 of 1077 Bottom 20.7% in 100M-500M tier
844
Total Loans
balance_sheet
Value: $79.45M
Peer Avg: $147.80M
#844 of 1077 Bottom 21.7% in 100M-500M tier