Sound Federal Credit Union


Overview / Commentary
203-977-4701
888 Washington Blvd. - 6th Floor
Stamford, CT 06901-3706

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

Reviews (1)

Excellent Experience

Posted by: |

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.



Health
B+

Health Grade Components

Overall
NCUA #24705
Year Chartered1953
Employees31
Primary Regulator
Profit Margin
Return on Assets - YTD0.4%
Return on Equity - YTD4.88%
Annual Interest Income$3.2MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$126.2MM$85.4MM
LoansQ2 2023vs Q2 2022$92.5MM$61.4MM
DepositsQ2 2023vs Q2 2022$108.2MM$77.0MM
Equity CapitalQ2 2023vs Q2 2022$10.4MM$7.5MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$269.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$822.00K$297.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates

Sorry, we do not have rate data for Sound Federal Credit Union.

Locations


Sound Federal Credit Union Locations
Corporate Office37 North AveNorwalk, CT 06851
Branch Office888 Washington BlvdStamford, CT 06901
Branch Office61 Jesup RdWestport, CT 06880
Branch Office3 Danbury RdWilton, CT 06897

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