Sep, 30, 2025 — SOUND CREDIT UNION is a federally insured state chartered credit union headquartered in TACOMA, WA with 26 branch locations and about $3.26 billion in total assets. Opened 86 years ago in 1940, SOUND CREDIT UNION has about 176,108 members and employs 437 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUND CREDIT UNION |
|---|---|
| Address: (Main Office) | 1331 Broadway TACOMA, WA 98402-3410 |
| Phone: | (253) 383-2016 |
| Fax: | (253) 597-7610 |
| Website: | https://www.soundcu.com |
| Branches: | 26 branch locations |
| Members: | 176,108 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66331 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,258,214,153 |
| CEO/Manager: | Don Clark |
| Chairperson: | John Bauder |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 316,769,504 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 2,998,900 |
| Real Estate Loans | 1,439,882,389 |
| Unsecured Loans | 95,962,468 |
| Other Loans | 1,063,720,802 |
| TOTAL LOANS | 2,599,601,451 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,521,240 |
| Land And Building | 67,850,164 |
| Other Fixed Assets | 5,915,807 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 23,677,516 |
| All Other Assets | 2,222,530 |
| TOTAL ASSETS | 3,258,214,153 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 92,500,000 |
| Accounts Payable & Other Liabilities | 35,163,129 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 570,224,813 |
| Regular shares | 585,724,352 |
| All Other Shares & Deposits | 1,653,273,168 |
| TOTAL SHARES & DEPOSITS | 2,809,222,333 |
| TOTAL LIABILITIES | 2,937,876,000 |
| Regular Reserve | 0 |
| Other Reserves | 3,586,479 |
| Undivided Earnings | 316,751,674 |
| TOTAL EQUITY | 320,338,153 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,258,214,153 |
| INCOME & EXPENSE | |
| Loan Income | 110,674,013 |
| Investment Income | 9,717,547 |
| Other Income | 10,795,517 |
| Total Employee Compensation & Benefits | 39,495,610 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 38,711,044 |
| Non-operating Income & (Expense) | 387,640 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,559,172 |
| Cost of Funds | 41,709,972 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,329,985 |
| ↑ Back to Top | |