Our excellent financial foundation remains strong even while other institutions experience difficulties.

Sound Remains Strong During Difficult Times

A message from Richard Brandsma, Sound Credit Union President & CEO on March 24, 2009.

Our Financials Are Strong

Sound maintains high earning levels and excellent financials. Click Here to see recent financial statements.

Funds Deposited at Sound are Insured by the National Credit Union Administration (NCUA)

The National Credit Union Administration, commonly referred to as NCUA, is the federal government agency that charters and supervises federal credit unions. NCUA also operates and manages the National Credit Union Share Insurance Fund (NCUSIF). Backed by the full faith and credit of the U.S. government, NCUSIF insures the accounts of millions of account holders in all federal credit unions and the vast majority of state-chartered credit unions. Your share insurance is similar to the deposit insurance protection offered by the Federal Deposit Insurance Corporation (FDIC).

The Helping Families Save Their Homes Act of 2009, signed into law May 20, 2009, includes a provision extending $250,000 share insurance coverage provided by the National Credit Union Share Insurance Fund through December 31, 2013. Insurance coverage on retirement accounts, which already stood at $250,000, remains unchanged.

Washington State DFI Offers Consumer Information

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.