Overview / Commentary
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 193rd largest credit union in the nation. It was established in 1940 and as of December of 2018, it had grown to 289 employees and 126,546 members at 24 locations. Sound Credit Union's money market rates are 3X the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership in Sound Credit Union is open to individuals who work, live, or attend school in the state of Washington. Employees of more than 30 Select Employer Groups also qualify, as do direct relatives of membership-eligible individuals.
See current membership details

Related Posts

Sound Credit Union (WA) Adds 19-Month CD Special, 3.19% APY - 3/4/2019

Sound CU (WA) is offering limited-time CD Specials: 19-month (3.19% APY, $1.9k min) and 33-month (3.33% APY, $3k min). Required min deposit must be new money.

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Happy Long Time Members!

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!

Learning To Like

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.

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.


I do not recommend Sound Credit Union. I've been in good standing with them for over 20 years. I recently had a situation where I was not informed about the going into arrears, due to divorce decree stating my ex was responsible for the balance. The statements went to my ex's address. I was not notified by mail, email or phone. I didn't know about the situation until it was almost into collections, I was alerted by credit karma. I contacted Sound immediately to come to a resolution. I was told that if I paid off the amount my credit would recover. I then started the process of paying them off. Thinking everything was resolved I moved on.Then I received another alert saying I was late. I called them asap thinking the monies were applied elsewhere. I was told that they would report this as bad credit for 7 years even though I paid off the account. They are capable of fixing, but refuse to do so. I borrowed money I didn't have to fix this. The people were rude and unsympathetic.



Health Grade Components

NCUA #66331
Year Chartered1940
Primary Regulator
Profit Margin
Return on Assets - YTD1.38%
Return on Equity - YTD10.38%
Annual Interest Income$56.6MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$1.53B$1.46B
LoansQ4 2018vs Q4 2017$1.19B$1.09B
DepositsQ4 2018vs Q4 2017$1.31B$1.25B
Equity CapitalQ4 2018vs Q4 2017$203.3MM$182.3MM
Loan Loss AllowanceQ4 2018vs Q4 2017$7.7MM$7.4MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$1.3MM$2.5MM
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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Always verify rates and promotions with the bank or credit union. We are not Sound Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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

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

1.26%*$100k*-High-Yield Money Market
OTHER TIERS: 1.01% Up to $100k
1.26%*$100k*-Business High-Yield Money Market
OTHER TIERS: 1.01% Up to $100k

Sound Credit Union Checking Account Rates

0.30%*$50k*-High-Yield Checking
OTHER TIERS: 0.15% Up to $10k | 0.20% $10k - $25k | 0.25% $25k - $50k
0.30%*$50k*-IOLTA Checking
OTHER TIERS: 0.15% Up to $10k | 0.20% $10k - $25k | 0.25% $25k - $50k
0.05%$1k-Plus Checking
0.05%$1k-Advantage Checking
0.05%--Visions Checking

Sound Credit Union CD Rates

3.33%$3k-33 Month Share Certificate Special - New Money
3.19%$1.9k-19 Month Share Certificate Special - New Money
2.74%$100k-60 Month Jumbo CD
2.74%$100k-Business 60 Month Jumbo CD
2.63%$500-60 Month CD
2.63%$500-Business 60 Month CD
2.63%$2.5k-60 Month Bump CD
2.63%$2.5k-Business 60 Month Bump CD
2.43%$500-48 Month CD
2.43%$500-Business 48 Month CD
2.38%$100k-36 Month Jumbo CD
2.38%$100k-Business 36 Month Jumbo CD
2.28%$500-36 Month CD
2.28%$500-Business 36 Month CD
2.28%$2.5k-36 Month Bump CD
2.28%$2.5k-Business 36 Month Bump CD
2.22%$100k-24 Month Jumbo CD
2.22%$100k-Business 24 Month Jumbo CD
2.17%$2.5k-30 Month Flex CD
2.17%$2.5k-Business 30 Month Flex CD
2.12%$500-24 Month CD
2.12%$500-Business 24 Month CD
1.97%$100k-18 Month Jumbo CD
1.97%$100k-Business 18 Month Jumbo CD
1.87%$2.5k-18 Month Flex CD
1.87%$2.5k-Business 18 Month Flex CD
1.82%$100k-12 Month Jumbo CD
1.82%$100k-Business 12 Month Jumbo CD
1.72%$500-12 Month CD
1.72%$500-Business 12 Month CD
1.11%$100k-6 Month Jumbo CD
1.11%$100k-Business 6 Month Jumbo CD
1.01%$500-6 Month CD
1.01%$500-Business 6 Month CD
0.60%$500-3 Month CD

Sound Credit Union IRA Rates

2.74%$1k-60 Month IRA
2.38%$1k-36 Month IRA
2.22%$1k-24 Month IRA
1.97%$1k-18 Month IRA
1.82%$1k-12 Month IRA


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