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Sound Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.05%CheckingVisions Checking
1.25% - Bank of Internet USA Rewards Checking
1.46%5-year CD60 Month Bump CD
2.35% - Synchrony Bank 60 Month CDAdvertisement
0.35%1-year CD12 Month CD
1.40% - Synchrony Bank 12 Month CDAdvertisement
View all Sound Credit Union rates »

Overview / Commentary
www.soundcu.com
253-383-2016
1331 Broadway
Tacoma, WA 98402-3410

Sound Credit Union is headquartered in Tacoma and is the 8th largest credit union in the state of Washington. It is also the 185th largest credit union in the nation. It was established in 1940 and as of March of 2017, it had grown to 254 employees and 117,052 members at 24 locations. Sound Credit Union's money market rates are 14% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership in Sound Credit Union is open to those who live or work in the state of Washington and their immediate family.
See current membership details

Related Posts

$100 Checking Bonus At Sound Credit Union In Washington State - 2/15/2017

$100 bonus requirements: 1) Open a new Sound Checking Account (Choose from Free, Plus, Advantage, High-Yield, and Visions.) 2) Set up a new recurring payroll direct deposit of $250 a month or more. https://www.soundcu.com/promotions/100-checking/

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Reviews (28)

Happy Long Time Members!

Posted by: CUAdvocate | Aug 14, 2012

We have been members of Sound Credit Union since 1991. From day one, we've been happy with our experience. They have some of the best loan rates around and our checking account is free. The service has always been great. We really like the updated website and the information we're looking for is easy to find. Their online banking and bill pay is user friendly making our account accessible 24/7. We look forward to many more happy years.....and thank you for making our banking experience a good one!

3

Learning To Like

Posted by: Rosanna Hoffarth | Jul 18, 2015

My credit union mereged with Sound, and at first it was rough, and I did not like it. Things have gotten better, and there has been no reason to consider switching banks lately. I have had experience with bad banks, but thankfully Sound is not one of them.

2

Switched to Sound Credit Union

Posted by: golbleen | Apr 29, 2015

After being dissatisfied with my bank in Kansas for several years I made a switch to Sound Credit Union, one of the local credit unions in the Washington State area. The minimum deposit was around $75; I was required to open a Savings Account along with my Checking Account.

As far as general teller services go, the credit union is great. Everyone is helpful and even willing to negotiate issues like overdraft fees and fraud-related account problems. I get seen almost instantly every time I walk in, and their online system, while standard, works just as well as any out there. Also, their overdraft protection system is very consumer-friendly - rather than charging you $35, $40, or more for a single overdraft to your checking account, there's only a small $5 fee to withdraw what's needed from savings as backup. This adds up over time, for for little accounting mistakes it's a huge saving grace. If the money truly isn't available they also forgive one overdraft per year. They also offer the usual deal where you get $100 for switching after so many direct deposits.

The biggest downside I can think of is their ATM services. The main branch in Downtown Tacoma is way behind the times - The ATM there doesn't even accept check or cash deposits! This means if I -must- do something on a Sunday or similar, I can't. There's also a monthly fee for checking if you don't maintain at least $25 in your savings account, which is rough if you're very low-income. There's also a monthly transfer limit, which is a little annoying - I have to head out to an ATM every time I want to transfer between checkings and savings.

Overall, I'd recommend Sound if you want something small, considerate, and local and don't need all the bells and whistles of an account with a big national bank.

1

Don't Trust What They Say Over The Phone!

Posted by: Chris2017 | Mar 28, 2017

Don't trust what Sound Credit Union representatives say over the phone. Anytime you talk to them over the phone get their name/info etc. and better yet get it in WRITING!
Applied for a checking account and representative said at the time I would qualify for the $100 promotion bonus for the recurring rent deposits made by my tenant. Now after the fact they have dishonored this promotion promise saying that does not qualify, even though that is what the representative told me at the time. Even though THEY RECORD their conversations, without the name of the representative that promised me the $100 bonus, they now will not credit me that promotional incentive. DONT TRUST THEM! STEER CLEAR OF SOUND CREDIT UNION.

1
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Health
A+

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #66331
Year Chartered1940
Employees254
Primary Regulator
Profit Margin
Return on Assets - YTD1.42%
Return on Equity - YTD11.86%
Annual Interest Income$11.4MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$1.41B$1.31B
LoansQ1 2017vs Q1 2016$996.8MM$842.7MM
DepositsQ1 2017vs Q1 2016$1.22B$1.13B
Equity CapitalQ1 2017vs Q1 2016$167.2MM$149.0MM
Loan Loss AllowanceQ1 2017vs Q1 2016$6.4MM$4.4MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$1.8MM$1.9MM
Real Estate OwnedQ1 2017vs Q1 2016$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Sound Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--IRA Savings
0.15%--Health Savings Account
0.05%$100-Prime Savings
0.05%$100-Business Savings
0.05%--Secondary Business Savings
0.05%--Minor Savings
0.05%--Secondary Savings

Sound Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$500k*-High-Yield Money Market
OTHER TIERS: 0.10% → $2,500 - $50k | 0.15% → $50k - $100k | 0.20% → $100k - $200k | 0.30% → $200k - $300k | 0.40% → $300k - $500k
0.50%*$500k*-Business High-Yield Money Market
OTHER TIERS: 0.10% → $2,500 - $50k | 0.15% → $50k - $100k | 0.20% → $100k - $200k | 0.30% → $200k - $300k | 0.40% → $300k - $500k
0.30%*$50k*-Money Market Plus
OTHER TIERS: 0.15% → $2,500 - $25k | 0.20% → $25k - $50k
0.30%*$50k*-Business Money Market Plus
OTHER TIERS: 0.15% → $2,500 - $25k | 0.20% → $25k - $50k
0.20%*$25k*-Money Market
OTHER TIERS: 0.10% → $2,500 - $5k | 0.15% → $5k - $25k
0.20%*$25k*-Business Money Market
OTHER TIERS: 0.10% → $2,500 - $5k | 0.15% → $5k - $25k

Sound Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$50k*-High-Yield Checking
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $25k | 0.15% → $25k - $50k
0.20%*$50k*-High-Yield Business Checking
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $25k | 0.15% → $25k - $50k
0.20%*$50k*-IOLTA Checking
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $25k | 0.15% → $25k - $50k
0.05%$1k-Plus Checking
0.05%$1k-Advantage Checking
0.05%--Visions Checking

Sound Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.56%$100k-60 Month Jumbo CD
1.56%$100k-Business 60 Month Jumbo CD
1.46%$500-60 Month CD
1.46%$500-Business 60 Month CD
1.46%$2,500-60 Month Bump CD
1.46%$2,500-Business 60 Month Bump CD
1.21%$500-48 Month CD
1.21%$500-Business 48 Month CD
1.10%$100k-36 Month Jumbo CD
1.10%$100k-Business 36 Month Jumbo CD
0.95%$500-36 Month CD
0.95%$500-Business 36 Month CD
0.95%$2,500-36 Month Bump CD
0.95%$2,500-Business 36 Month Bump CD
0.80%$2,500-30 Month Flex CD
0.80%$100k-24 Month Jumbo CD
0.80%$100k-Business 24 Month Jumbo CD
0.80%$2,500-Business 30 Month Flex CD
0.70%$500-24 Month CD
0.70%$500-Business 24 Month CD
0.50%$100k-18 Month Jumbo CD
0.50%$100k-Business 18 Month Jumbo CD
0.45%$100k-12 Month Jumbo CD
0.45%$100k-Business 12 Month Jumbo CD
0.40%$2,500-18 Month Flex CD
0.40%$2,500-Business 18 Month Flex CD
0.35%$500-12 Month CD
0.35%$100k-6 Month Jumbo CD
0.35%$100k-Business 6 Month Jumbo CD
0.35%$500-Business 12 Month CD
0.25%$500-6 Month CD
0.25%$500-Business 6 Month CD
0.15%$500-3 Month CD

Sound Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.61%$1k-60 Month IRA
1.10%$1k-36 Month IRA
0.85%$1k-24 Month IRA
0.55%$1k-18 Month IRA
0.50%$1k-12 Month IRA
Locations

Sound Credit Union has 24 locations. Click to view all Sound Credit Union locations.