Sound Federal Credit Union is headquartered in Stamford and is the 24th largest credit union in the state of Connecticut. It is also the 1,994th largest credit union in the nation. It was established in 1953 and as of June of 2020, it had grown to 12 employees and 5,994 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
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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 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24705 |
| Year Chartered | 1953 |
| Employees | 12 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.26% |
| Return on Equity - YTD | 2.66% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $76.1MM$68.9MM |
| Loans | Q2 2020vs Q2 2019 | $48.0MM$41.5MM |
| Deposits | Q2 2020vs Q2 2019 | $68.0MM$60.6MM |
| Equity Capital | Q2 2020vs Q2 2019 | $7.2MM$7.0MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $268.00K$286.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $407.00K$245.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |