Sound Federal Credit Union

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

Sound Federal Credit Union is headquartered in Stamford and is the 24th largest credit union in the state of Connecticut. It is also the 1,993rd largest credit union in the nation. It was established in 1953 and as of September of 2022, it had grown to 18 employees and 6,129 members at 1 location. 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.

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Sound Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #24705
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD0.25%
Return on Equity - YTD2.8%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$86.8MM$80.8MM
LoansQ3 2022vs Q3 2021$65.8MM$55.5MM
DepositsQ3 2022vs Q3 2021$75.4MM$72.0MM
Equity CapitalQ3 2022vs Q3 2021$7.6MM$7.6MM
Loan Loss AllowanceQ3 2022vs Q3 2021$296.00K$256.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$286.00K$278.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$0

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


Sound Federal Credit Union Locations
Corporate Office888 Washington BlvdStamford, CT 06901-2924

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