Our excellent financial foundation remains strong even while other institutions experience difficulties.
A message from Richard Brandsma, Sound Credit Union President & CEO on March 24, 2009.
Sound maintains high earning levels and excellent financials. Click Here to see recent financial statements.
The Emergency Economic Stabilization Act was made effective on October 3, 2008. This Act increased share account insurance from $100,000 to $250,000. This increase is temporary and will remain effective until December 31, 2009. Insurance coverage on retirement accounts, which already stood at $250,000, remains unchanged.
The NCUA insurance experts are just a phone call away. If you have questions about the insurance coverage provided by NCUA, you may call them, toll-free, at 1-800-755-1030, extension 1, from 8 a.m. to 6:30 p.m. (EDT) Monday through Friday.
The Department of Financial Institutions (DFI) regulates and examines a variety of state chartered financial services, as well as offers information to help protect consumers.