2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 66331
Date Established 1940
Assets $1,789.62 million
Loans $1,351.24 million
Deposits $1,551.26 million
Capital $253.38 million

Sound is an NCUA insured institution located in Tacoma, WA. It was founded in 1940 and has approximately $1789.62 millions in assets.

Who can join?

If you meet one of the requirements below, you can become a member.

Live in Washington State
Work in Washington State
Work for one of Sound’s Select Employee Groups (SEGs)
Have a direct relative who is currently a member of Sound or is eligible for membership

Field of Membership Restrictions

Membership in Sound Credit Union is open to those who live or work in the state of Washington and their immediate family.

Deposit Rates - September 23, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.85% $1 $99,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
1.82% $1,000 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.60% $500 - Learn MoreShow Less
1.01% $500 $99,999 Learn MoreShow Less
6 Mo CD
1.11% $100,000 - Learn MoreShow Less
1.72% $500 $99,999 Learn MoreShow Less
12 Mo CD
1.82% $100,000 - Learn MoreShow Less
1.87% $2,500 $99,999 Learn MoreShow Less
18 Mo CD
1.97% $100,000 - Learn MoreShow Less
2.12% $500 $99,999 Learn MoreShow Less
24 Mo CD
2.22% $100,000 - Learn MoreShow Less
30 Mo CD
2.17% $2,500 - Learn MoreShow Less
2.28% $500 $99,999 Learn MoreShow Less
36 Mo CD
2.38% $100,000 - Learn MoreShow Less
48 Mo CD
2.43% $500 - Learn MoreShow Less
2.63% $500 $99,999 Learn MoreShow Less
60 Mo CD
2.74% $100,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.20% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 - Learn MoreShow Less

Loan Rates - September 23, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for SOUND

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.536% 3.500% 0.50 $1,108 $1,123 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to SOUND
To upload and update your bank's rates please register. It is free to register and add rates.



Branches

Below are Sound branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Seattle,Washington


Sound Locations


Financial Details

Sound Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Sound. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Sound U.S. Average
2.33% 6.77

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 31, 2019, Sound had $5,546,171 in non-current loans and $538,393 in owned assets. To cover these potential losses it had $253,379,217 in net worth and $7,587,696 in loans loss reserves. That gives it a Texas Ratio of 2.33%.

Net Worth
Sound U.S. Average
14.15% 13.47%

Sound FCU has a net worth of 14.15% versus the BestCashCow average of 13.47. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Sound

Branches and Savings

What is Sound?

A federal credit union, registered with the NCUA under certificate #66331.
Learn more about credit unions here.

Is Sound FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Sound?

Please see Field of Membership information above for information on who is eligible to join.

What are Sound's share account and share certificate rates?

Sound's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Sound?

Sound has total capital of $253.38 million. Full information on Sound's financial position is located above.

Who owns Sound?

Credit Unions are owned by their members.

Where are Sound branches located?

See branch locations nearby.

Are Sound ATMs Open 24/7?

Do Sound ATMs accept cash deposits?

Can Sound customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Sound have a mobile app?

Does Sound have mobile deposit?

Does Sound have quick pay?

How can Sound transfer money to other banks or credit unions?

Does Sound report to credit bureaus?

Does Sound use Chexsystems?

Does Sound use Equifax?

What is Sound's toll free phone number?

What is Sound's ACH Routing Number?

What is Sound's SWIFT code?

Where can I find Sound's wire transfer form?

What is the Sound address for deposits?

What Products Does Sound Offer

Does Sound offer mortgages?

Compare mortgage rates here.

Does Sound offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Sound offer auto and RV loans?

Compare auto loan rates here.

Does Sound offer student loans or personal loans?

Compare personal loan rates here.

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