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 21st largest credit union in the state of Connecticut. It is also the 1,627th largest credit union in the nation. It was established in 1953 and as of December of 2024, it had grown to 29 employees and 9,194 members at 5 locations. Sound Federal Credit Union's money market rates are 2X the national average, and it 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 the Connecticut counties of Fairfield, Litchfield, or New Haven. Family members (blood or marriage) of an existing Sound Federal Credit Union member are also eligible to join.
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Health

Health Grade Components

Overall
NCUA #24705
Year Chartered1953
Employees29
Primary Regulator
Profit Margin
Return on Assets - YTD-1.37%
Return on Equity - YTD-21.96%
Annual Interest Income$7.3MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$124.6MM$128.9MM
LoansQ4 2024vs Q4 2023$95.8MM$97.7MM
DepositsQ4 2024vs Q4 2023$110.7MM$107.6MM
Equity CapitalQ4 2024vs Q4 2023$7.7MM$10.5MM
Loan Loss AllowanceQ4 2024vs Q4 2023$621K$556K
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$950K$1.5MM
Real Estate OwnedQ4 2024vs Q4 2023$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 Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$50k*-Money Market Account
OTHER TIERS: 0.40% $0 - $10k | 0.50% $10k - $25k | 0.60% $25k - $50k

Sound Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.13%$0-Unique Value Checking

Sound Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.56%$500-13 Month Share Certificate Special
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
Branch Office2200 Bedford StStamford, CT 06905

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