Sound Federal Credit Union is headquartered in Norwalk and is the 19th largest credit union in the state of Connecticut. It is also the 1,625th largest credit union in the nation. It was established in 1953 and as of June of 2023, it had grown to 31 employees and 9,360 members at 4 locations. Sound Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Sound Federal Credit Union is open to anyone who lives, works, worships, volunteers, or attends school in Bridgeport, Darien, Easton, Fairfield, Greenwich, Monroe, New Canaan, Norwalk, Shelton, Stamford, Stratford, Trumbull, Weston, Westport, or Wilton. Family are also eligible to join.
See current membership details
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Excellent Experience
I just completed the process of opening an 18 month certificate at Stamford FCU. The process was seamless. I first set up a share saving account, which was easy. I mailed in my funding checks for the certificate and all was completed accurately and quickly. The customer service was excellent.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24705 |
| Year Chartered | 1953 |
| Employees | 31 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.4% |
| Return on Equity - YTD | 4.88% |
| Annual Interest Income | $3.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $126.2MM$85.4MM |
| Loans | Q2 2023vs Q2 2022 | $92.5MM$61.4MM |
| Deposits | Q2 2023vs Q2 2022 | $108.2MM$77.0MM |
| Equity Capital | Q2 2023vs Q2 2022 | $10.4MM$7.5MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$269.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $822.00K$297.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |