Sep, 30, 2025 — STAMFORD FEDERAL CREDIT UNION is a federal credit union headquartered in NORWALK, CT with 3 branch locations and about $120.02 million in total assets. Opened 73 years ago in 1953, STAMFORD FEDERAL CREDIT UNION has about 8,922 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STAMFORD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 37 North Ave NORWALK, CT 06851 |
| Phone: | (203) 977-4701 |
| Fax: | (203) 324-7546 |
| Website: | https://www.mysoundcu.org |
| Branches: | 3 branch locations |
| Members: | 8,922 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24705 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $120,021,937 |
| CEO/Manager: | Megan Legault |
| Chairperson: | Erik Larson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,490,666 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 65,459,908 |
| Unsecured Loans | 8,109,101 |
| Other Loans | 20,118,977 |
| TOTAL LOANS | 93,687,985 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -521,353 |
| Land And Building | 6,667,253 |
| Other Fixed Assets | 1,067,916 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,053,223 |
| All Other Assets | 1,273,473 |
| TOTAL ASSETS | 120,021,937 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 49,270 |
| Notes & Interest Payable | 3,000,000 |
| Accounts Payable & Other Liabilities | 1,574,893 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 33,449,756 |
| Regular shares | 41,846,315 |
| All Other Shares & Deposits | 32,167,606 |
| TOTAL SHARES & DEPOSITS | 107,463,677 |
| TOTAL LIABILITIES | 112,087,840 |
| Regular Reserve | 0 |
| Other Reserves | 2,579,778 |
| Undivided Earnings | 5,354,319 |
| TOTAL EQUITY | 7,934,097 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 120,021,937 |
| INCOME & EXPENSE | |
| Loan Income | 4,957,265 |
| Investment Income | 406,726 |
| Other Income | 436,622 |
| Total Employee Compensation & Benefits | 1,792,550 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,592,168 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 151,335 |
| Cost of Funds | 1,493,123 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 181,606 |
| ↑ Back to Top | |