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 2,030th largest credit union in the nation. It was established in 1953 and as of December of 2021, it had grown to 14 employees and 6,178 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 - YTD0.18%
Return on Equity - YTD1.96%
Annual Interest Income$2.9MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$81.9MM$77.3MM
LoansQ4 2021vs Q4 2020$58.3MM$50.0MM
DepositsQ4 2021vs Q4 2020$73.3MM$69.2MM
Equity CapitalQ4 2021vs Q4 2020$7.5MM$7.4MM
Loan Loss AllowanceQ4 2021vs Q4 2020$262.00K$238.00K
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$247.00K$316.00K
Real Estate OwnedQ4 2021vs Q4 2020$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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