Credit Unions Could Save Banks Here in Washington State

As world markets brace for the possible collapse of banks, leaders meeting at the World Council of Credit Unions (WOCCU) conference in Hong Kong discussed ways banks can adopt greater transparency and accountability, following the lead of credit unions.

Paul Sarbanes, former U.S. senator said, "Credit unions are the ultimate self-help tool and an important response to America's challenges. Other businesses can learn from how it has helped them to weather the subprime lending challenges to the financial system in the United States."

Locally, Richard C. Brandsma, President and CEO of Sound Credit Union said, "This is critical to consumers here because of the presence of so many big, out-of-state banks. Our South Sound economy is still strong and there is so much credit unions can do to help people weather the financial situation."

For additional information, please read the news release.

Charitable Donations

We know how important it is to support local communities and worldwide causes. Over the years our management team and staff have worked together to raise money for United Way, American Cancer Society and March of Dimes.

The contributions from these fund-raisers help support cutting-edge research, educational programs and local shelters. In addition to these charitable donations, we also sponsor numerous causes throughout the year based on request and need.

Scholarship Program

Sound believes education is important for our community's future. To help further the education of young adults, we offer a scholarship program. Each spring we award four $1,000 scholarships to extraordinary high school graduates who will be entering their first year of college. We are proud of this opportunity to support our student members as they reach their educational goals.