B
Sound Credit Union
TacomaWA
Rating Date
May 2024
Net Capital
Ratio
Leverage
Ratio
Return On
Assets
Total
Assets
Capital
Total
Deposits
Net
Income
Weiss Ratings Sound Credit Union
Tacoma, WA
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Rating B
Asset Quality Index 8.50
Capitalization Index 8.50
Liquidity Index 2.80
Profitability Index 2.70
Stability Index 7.30
Company Info Sound Credit Union
Tacoma, WA
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NCUA Charter Number 5488
Phone Number (253) 383-2016
Website www.soundcu.com
Asset Quality Sound Credit Union
Tacoma, WA
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1-Year Asset Growth 7.68%
5-Year Asset Growth 13.69%
5-Year Charge-Offs to Average Loans 0.27%
Charge-Offs to Average Loans 0.73%
Non-Performing Assets to Assets 0.44%
Non-Performing Loans to Capital 4.24%
Non-Performing Loans to Loans 0.50%
Balance Sheet Sound Credit Union
Tacoma, WA
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Total Assets 2.98B
Total Deposits 2.52B
Capital and Reserves Sound Credit Union
Tacoma, WA
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Capital 291.35M
Leverage Ratio 11.18
Loan Loss Reserves to Loans 0.81%
Liquidity Sound Credit Union
Tacoma, WA
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Hot Money Ratio 16.96%
Liquidity Ratio 15.84%
Profitability Sound Credit Union
Tacoma, WA
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5-Year Return on Average Assets 0.92%
Net Income 3.38M
Net Interest Spread 3.48%
Operating Profit to Average Assets 0.88%
Overhead Efficiency Ratio 78.11%
Return on Assets 0.46%
Return on Equity 4.66%