Community Engagement Wave Federal Credit Union has a strong focus on serving its local community with almost 7,000 members and a community-chartered structure. This suggests opportunities to introduce tailored financial products or services that further deepen member engagement and loyalty.

Digital Banking With offerings including online and mobile banking, and a robust technology stack involving cloud-based services, Wave is positioned to expand digital solutions such as advanced mobile apps, AI-driven financial advisory, or enhanced cybersecurity services to meet growing member expectations.

ATM Network Expansion The credit union provides surcharge-free ATM access across multiple networks including MoneyPass, SUM, and CO-OP, along with military base services. This creates a sales opportunity to offer value-added services or partnerships related to ATM network optimization and financial transaction efficiency.

Growth Potential With assets totaling $118 million and revenue in the $1M-$10M range, Wave has room to scale operations. Business solutions focusing on asset management, loan origination, and member acquisition could support its growth trajectory within the competitive Rhode Island banking sector.

Operational Modernization Wave’s early adoption of shared service networks and a modern tech stack indicates openness to innovative solutions. There is a potential to introduce cloud-based analytics, member data insights, or CRM systems to optimize member services and operational efficiency.