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 1,630th largest credit union in the nation. It was established in 1953 and as of March of 2025, it had grown to 26 employees and 8,933 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.
See current membership details

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Health
B+

Health Grade Components

Overall
NCUA #24705
Year Chartered1953
Employees26
Primary Regulator
Profit Margin
Return on Assets - YTD-0.25%
Return on Equity - YTD-4.13%
Annual Interest Income$1.8MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$125.8MM$131.6MM
LoansQ1 2025vs Q1 2024$95.5MM$98.3MM
DepositsQ1 2025vs Q1 2024$113.4MM$111.8MM
Equity CapitalQ1 2025vs Q1 2024$7.7MM$8.7MM
Loan Loss AllowanceQ1 2025vs Q1 2024$584K$718K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$652K$979K
Real Estate OwnedQ1 2025vs Q1 2024$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 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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