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P.O. Box 1595
Tacoma, WA 98401

Sound Credit Union is headquartered in Tacoma and is the 7th largest credit union in the state of Washington. It is also the 188th largest credit union in the nation. It was established in 1940 and as of December of 2013, it had grown to 217 employees and 97,507 members. Sound Credit Union has a A health rating.

Field of Membership Restrictions

Must live or work in Washington state or be an employee of one of the several Select Employee Groups (SEGs) - See Details

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Sound Credit Union

NEVER had such a bad time with a financial institution in my life! God help you if your spouse passes away unexpectedly and your accounts are at sound. They freeze all accounts so you have NO access to ANY of your money until they are PAID IN FULL. They could care less you have just had a tragic loss in your life. Nope...they freeze your checking account so you cannot possibly pay your bills. Then they charge you late fees for not paying! They finally took their loan payment out of my account and charged me a late fee the same day! Way to go Sound!

Just Another Callous Credit Union

This credit union used to be a "home town" credit union.  It has recently changed its policy of understanding to one of strong-arm collection tactics.  Fair warning: if you get behind on your payments, they stop accepting payments, turn your account over to Merchant's Credit, who will tack on 25% to the debt.  Steer clear.

Steer Clear

My bank of 10 years was bought out by by Sound Credit Union 2 weeks ago.  Since then, they have charged me an obsurd fee, incorrectly setup my card 3 times,  and held a payroll check for 5 days.  I loved my old credit union, but my account with Sound Credit Union will be the shortest lived account of my life.  save yourself the hassle and potential loss of money and go with another Credit Union.  I know I will.

I WANT Watermark BACK!

We were also members of Watermark...which we LOVED. Their website was NEVER down. If we didn't have funds in our account to use our debit card, they wouldn't let a charge go through regardless if it was a debit or "charge" and when they did pull from our savings they pulled enough to cover a few lattes not one at time which Sound does so each Latte not only cost $ cost an additional $5 each time they moved $4 out of our savings account. SERIOUSLY we HATE Sound Credit Union. 

With Watermark's online banking I could see real-time transactions. The woman with whom I spoke to about SC online banking told me I was wrong and that I did not see real-time transactions. Umm yeah I did...I was able to go onto my *smartphone* pull up my account and see a charge as soon as it I did when confirming a payment at the sprint store. Oh and it wasn't a debit -it was rang in as a credit. I don't know what bothered me more the fact that the customer service person told me what I knew to be true...wasn't, or that Sound Credit Union seems to be 10 years behind in regards to technology. Oh and the customer service person had this awful holier-than-thou attitude when I was explaining that I need to be able to see how much is in my account since my husband and I both use our debit cards for everything...saying well don't you keep a register of your charges? Register...really does anyone do that?And unless I was attached to my husband every moment of the would I know what he was spending.  It should be simple of you have $500 in you account then you should only be able to buy $500 worth of stuff...period. God I really hate them.

Their customer service does not even come close to Watermark. 

Oh and on top of it I didn't get my new debit card until 2 weeks after my Watermark one was shut-off due to the merger. Arrrggh. They didn't even give me an option of overnighting it.



Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Sound Credit Union had $3.32 million in non-current loans and owned real-estate with $116.91 million in equity and loan loss allowances on hand to cover it. This gives Sound Credit Union a Texas Ratio of 2.84% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Sound Credit Union decreased dramatically from 6.41% as of December 31, 2012 to 2.84% as of December 31, 2013, resulting in a positive change of 55.73%.This indicates that the balance sheet and financial strength for Sound Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Sound Credit Union has increased its total deposits by $8.94 million, resulting in 0.95% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Sound Credit Union has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Sound Credit Union has $1.09 billion in assets with $116.91 million in equity, resulting in a capitalization level of 10.77%, which is above average.

Institution Statistics

NCUA #66331
Year Chartered1940
Primary Regulator
Assets and Liabilities
Assets$1.09 billion
Loans$613.39 million
Deposits$945.66 million
Equity Capital$111.29 million
Loan Loss Allowance$5.62 million
Unbacked Noncurrent Loans$2.95 million
Real Estate Owned$370,000
Historic Data - December 2012
Assets$1.07 billion
Equity Capital$94.96 million
Loan Loss Allowance$6.95 million
Unbacked Noncurrent Loans$2.95 million
Real Estate Owned$1.20 million
Profit Margin - Quarterly
Net Interest Margin5.03%
Return on Assets1.63%
Return on Equity15.87%
Interest Income$35.43 million

Always verify rates and promotions with the bank or credit union. We are not Sound Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Sound Credit Union Savings Account Rates

0.20%--IRA Savings
0.15%--Health Savings Account
0.05%$100-Prime Savings
0.05%--Johnny Appleseed
0.05%--Club Account
0.05%$100-Business Savings
0.05%--Secondary Business Savings

Sound Credit Union Money Market Rates

0.40%$500k-High-Yield Money Market
0.40%$500k-Business High-Yield Money Market
0.20%$50k-Money Market Plus
0.20%$50k-Business Money Market Plus
0.10%$5k-Money Market
0.10%$5k-Business Money Market

Sound Credit Union Checking Account Rates

0.20%$50k-High-Yield Checking
0.20%$50k-High-Yield Business Checking
0.05%$1k-Plus Checking
0.05%$1k-Advantage Checking
0.05%--Visions Checking

Sound Credit Union CD Rates

1.25%$2,500-60 Month Bump CD
1.25%$2,500-Business 60 Month Bump CD
0.95%$100k-60 Month Jumbo CD
0.95%$100k-Business 60 Month Jumbo CD
0.90%$500-60 Month CD
0.90%$500-Business 60 Month CD
0.75%$2,500-36 Month Bump CD
0.75%$2,500-Business 36 Month Bump CD
0.55%$500-Business 48 Month CD
0.50%$500-48 Month CD
0.45%$100k-Business 36 Month Jumbo CD
0.40%$100k-36 Month Jumbo CD
0.40%$500-Business 36 Month CD
0.35%$500-36 Month CD
0.30%$2,500-30 Month Flex CD
0.30%$100k-24 Month Jumbo CD
0.30%$100k-Business 24 Month Jumbo CD
0.30%$2,500-Business 30 Month Flex CD
0.25%$500-24 Month CD
0.25%$100k-18 Month Jumbo CD
0.25%$100k-Business 18 Month Jumbo CD
0.25%$500-Business 24 Month CD
0.20%$2,500-18 Month Flex CD
0.20%$100k-11 Month Jumbo CD
0.20%$100k-12 Month Jumbo CD
0.20%$100k-Business 11 Month Jumbo CD
0.20%$100k-Business 12 Month Jumbo CD
0.20%$2,500-Business 18 Month Flex CD
0.15%$500-11 Month CD
0.15%$500-12 Month CD
0.15%$100k-6 Month Jumbo CD
0.15%$100k-9 Month Jumbo CD
0.15%$100k-Business 6 Month Jumbo CD
0.15%$100k-Business 9 Month Jumbo CD
0.15%$500-Business 11 Month CD
0.15%$500-Business 12 Month CD
0.10%$500-3 Month CD
0.10%$500-6 Month CD
0.10%$500-9 Month CD
0.10%$500-Business 3 Month CD
0.10%$500-Business 6 Month CD
0.10%$500-Business 9 Month CD

Sound Credit Union IRA Rates

1.00%$1k-60 Month IRA
0.45%$1k-36 Month IRA
0.35%$1k-24 Month IRA
0.30%$1k-18 Month IRA
0.25%$1k-12 Month IRA

Sound Credit Union has 21 locations. Click to view all Sound Credit Union locations.