SOUND Credit Union Profile

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SOUND

Charter #24705 | NCUA Region 1 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (203) 977-4701

Fax: (203) 324-7546

Founding Date: N/A

Website: http://www.mysoundcu.org

Personnel & Operations

President: Larson, Erik

Manager: Legault, Megan

FT Employees: 20

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 00

Branches: 3

Hours: 8:00 AM - 4:30 PM Monday thru Friday

Credit Union Profile Summary

SOUND is a FCU Credit Union. With a total of 8,930 members [1], this institution manages approximately $126,329,347 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 6.31% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -1.31% [1].

Financial Snapshot

Total Assets [1]
$126,329,347

Total economic resources.

Total Loans [1]
$95,720,497

Total value of outstanding loans.

Total Deposits [1]
$113,598,152

Total funds deposited by members.

Members [1]
8,930

Number of active members.

Performance Ratios

Net Worth Ratio [1]
6.31%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.12%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
84.26%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
-2.56%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
-1.31%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
-2.97%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

37 North Ave

Norwalk, CT, 06851

Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 1 branches reported by SOUND (Charter #24705).

Main Office

Main Office Main Office

Type: Corporate Office

888 Washington Blvd

Stamford, CT 06901-2924

Phone: (203) 977-4701

Services: Member Services

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