Financial resources during COVID-19.
Sound is here to help support members and our community while we transition into new routines related to coronavirus. The following resources are available if you’ve been financially impacted.
Member Assistance Program | Personal Loan Special
Quick access to cash with a low interest rate and affordable payment.
- Loan amounts between: $500 – $3,000
- 8.00% APR
- Terms between 10 – 40 months
- No payment for 60 days*
- $50 minimum payment
First Mortgage Forbearance Request
Sound first mortgage loans are serviced through Cenlar, the nation’s leading loan servicing provider.
Cenlar offers mortgage assistance, including forbearance, for borrowers who are experiencing hardships as a result of the Coronavirus. Visit cenlar.com/covid-19 for complete mortgage payment options available during this time.
To request a forbearance, please login to your mortgage account with Cenlar, review, complete and submit the form.
More tools and resources during COVID-19
Loan Comparison Tool
Skip a Payment
Increase Your Credit Limit or Consolidate Debt
Consolidate higher-rate loans or increase the limit on your Sound credit card or unsecured line to expand liquidity.
Student Loans Through Student Choice
Student Choice, Sound’s Student Loan administrator, has created a COVID 19 Forbearance Program to help borrowers and co-borrowers through this pandemic.
IRA Changes for Tax Year 2020
- Required Minimum Distributions age raised to 72
- Traditional IRA contributions can be made at any age
- Required Minimum Distributions waived in 2020
- Qualified disaster distributions up to $100,000 with waived early-withdrawal penalty