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 20th largest credit union in the state of Connecticut. It is also the 1,599th largest credit union in the nation. It was established in 1953 and as of December of 2023, it had grown to 36 employees and 9,459 members at 4 locations. Sound Federal Credit Union has a C+ 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.
See current membership details

Related Posts

18-Month CD, 5.39% APY - 4/15/2024

18-month CD earning 5.39% APY and requires a $500 minimum deposit of new money. Sound FCU used to be Stanford FCU and FOM now includes three western Connecticut counties.

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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
C+

Health Grade Components

Overall
NCUA #24705
Year Chartered1953
Employees36
Primary Regulator
Profit Margin
Return on Assets - YTD0.31%
Return on Equity - YTD3.81%
Annual Interest Income$6.7MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$128.9MM$120.6MM
LoansQ4 2023vs Q4 2022$97.7MM$88.7MM
DepositsQ4 2023vs Q4 2022$107.6MM$107.9MM
Equity CapitalQ4 2023vs Q4 2022$10.5MM$10.4MM
Loan Loss AllowanceQ4 2023vs Q4 2022$556K$234K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$1.5MM$702K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates

Rates for Sound Federal Credit Union are currently being reviewed.

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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