TellerScore

Headquartered in Norwalk, Connecticut, Sound Federal Credit Union is a federal credit union with $115.5M in total assets and $105.2M in member shares and deposits as of Q2 2026. It operates 2 offices. Its charter dates back to 1953.

Based on its Q2 2026 filing, Sound Federal Credit Union scores 53/100, which we describe as below average. That is higher than only 9% of 1,341 credit unions with $100 million – $1 billion. Among 64 credit unions headquartered in Connecticut, it ranks 57th. Its strongest component is earnings (80/100; 1.51%), and its lowest is capital cushion (26/100; 7.60%).

TellerScore · Q2 2026

Scorecard

Capital cushion26/100
Net worth ratio: 7.60%
Loan quality52/100
Loans 60+ days delinquent ÷ total loans: 1.43%
Earnings80/100
Return on assets (annualized): 1.51%
Funding & liquidity78/100
Loans ÷ shares: 82.5% · 3.1% uninsured
Problem-loan coverage43/100
Delinquent loans + foreclosed assets ÷ (net worth + loan-loss reserves): 28.60%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score rose 10 points (43 → 53), mostly because the earnings component improved by 55 points.

TellerScore
344453Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202434
Q3 202443
Q4 202439
Q1 202545
Q2 202543
Q3 202543
Q4 202545
Q1 202647
Q2 202653
Net worth ratio
6.18%6.89%7.60%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNet worth ratio
Q2 20246.70%
Q3 20246.34%
Q4 20246.30%
Q1 20256.18%
Q2 20256.31%
Q3 20256.70%
Q4 20256.77%
Q1 20266.80%
Q2 20267.60%
Delinquent loans (60+ days)
0.46%1.03%1.61%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterDelinquent loans (60+ days)
Q2 20241.61%
Q3 20240.65%
Q4 20240.99%
Q1 20250.68%
Q2 20250.82%
Q3 20251.02%
Q4 20250.83%
Q1 20260.46%
Q2 20261.43%
Return on assets
-1.87%-0.18%1.51%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 2024-1.59%
Q3 2024-1.87%
Q4 2024-1.37%
Q1 2025-0.25%
Q2 20250.11%
Q3 20250.20%
Q4 20250.23%
Q1 2026-0.08%
Q2 20261.51%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202653$115.5M7.60%1.43%1.51%82.5%
Q1 202647$116.1M6.80%0.46%-0.08%84.2%
Q4 202545$118.6M6.77%0.83%0.23%86.5%
Q3 202543$120.0M6.70%1.02%0.20%87.2%
Q2 202543$126.3M6.31%0.82%0.11%84.3%
Q1 202545$125.8M6.18%0.68%-0.25%84.2%
Q4 202439$124.6M6.30%0.99%-1.37%86.5%
Q3 202443$124.6M6.34%0.65%-1.87%88.1%
Q2 202434$129.7M6.70%1.61%-1.59%84.4%

1,341 peers · $100 million – $1 billion

How it compares with peers

Percentile against credit unions of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio7.60%
2nd
Problem loans1.43%
15th
Net charge-offs0.35%
51st
Return on assets1.51%
89th
Loans to deposits82.5%
34th
Uninsured deposits3.1%
81st
Loan-loss reserves0.00%
50th
Texas ratio28.6%
1st

Similar-size credit unions in Connecticut

InstitutionScoreAssetsCapitalProblem loansCompare
Membersfirst Ct Federal Credit UnionCredit union Meriden, CT79 out of 100, Strong$107.2M12.0%0.32%vs
America'S First Network Credit UnionCredit union East Hartford, CT61 out of 100, Moderate$105.5M10.9%1.21%vs
Finex Credit UnionCredit union East Hartford, CT61 out of 100, Moderate$134.0M8.9%0.73%vs
United Business & Industry Federal Credit UnionCredit union Plainville, CT77 out of 100, Strong$141.4M11.6%0.09%vs
Hartford Federal Credit UnionCredit union Hartford, CT73 out of 100, Strong$159.6M13.0%1.34%vs
Fd Community Federal Credit UnionCredit union Waterbury, CT68 out of 100, Moderate$162.7M11.1%0.89%vs

Deposit insurance

Is my money safe at Sound Federal Credit Union?

Yes. Sound Federal Credit Union is a federally insured credit union (NCUA charter #24705). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.

An estimated 3.1% of shares and deposits ($3.2M) are above the $250,000 NCUA insurance limit, below the peer median of 6%. Insured balances are protected regardless of the score.

The net worth ratio is 7.60%, slightly above the 7% level regulators use as the "well capitalized" benchmark for this measure.

Check how much of your own balance is covered

2 locations

Branches

Sound Federal Credit Union lists 2 offices in 2 cities. Most locations:

All branch addresses and map

Identity & history

Profile

Legal name
Sound Federal Credit Union
Type
Federal credit union
NCUA charter #
24705
RSSD ID
680091
Primary regulator
NCUA
Established
1953
Headquarters
37 North Ave, Norwalk, CT 06851
Employees
24

Quick answers

Sound Federal Credit Union: common questions

Is Sound Federal Credit Union NCUA insured?

Yes. Sound Federal Credit Union is a federally insured credit union (NCUA charter #24705). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.

What is Sound Federal Credit Union's TellerScore?

53 out of 100 (Below average), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

How many branches does Sound Federal Credit Union have?

2 offices as of the latest NCUA data.

Nearby

Highest-scoring banks and credit unions with branches near Norwalk

InstitutionScoreAssetsCapitalProblem loansCompare
Gha Federal Credit UnionCredit union Greenwich, CT91 out of 100, Very strong$29.7M17.5%0.56%vs
Waterbury Connecticut Teachers Federal Credit UnionCredit union Waterbury, CT91 out of 100, Very strong$365.2M17.1%0.26%vs
NorthEast Community BankBank White Plains, NY90 out of 100, Very strong$2.1B17.3%0.00%vs
Greenwich Municipal Employees Federal Credit UnionCredit union Greenwich, CT89 out of 100, Very strong$32.6M14.5%0.87%vs
Bridgeport Police Federal Credit UnionCredit union Bridgeport, CT86 out of 100, Very strong$29.6M18.7%1.65%vs
Sikorsky Financial Credit UnionCredit union Stratford, CT84 out of 100, Strong$1.5B12.9%0.25%vs