Credit Union Safety Analysis
Is Sound Credit Union Safe? Tacoma, Washington
Based on its Q2 2026 NCUA 5300 call report, Sound Credit Union has a net worth ratio of 11.01%, at the NCUA level for well capitalized, its 60-day delinquency ratio is 1.18%, and its shares are NCUA insured up to $250,000 per member.
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Short answer
On its Q2 2026 NCUA 5300 call report, Sound Credit Union's net worth ratio is 11.01%, above the 7% NCUA threshold for well capitalized.
- Net worth ratio (Q2 2026): 11.01%
- Delinquency ratio (60+ days) (Q2 2026): 1.18%
- Return on assets (Q2 2026): 1.05%
- Loan-to-share ratio (Q2 2026): 93.71%
Sound Credit Union (NCUA charter 66331, established 1940) reported $3.40B in assets and 184,758 members for Q2 2026 from Tacoma, Washington. It ranks 7 of 73 credit unions in Washington by total assets. Total assets grew 6.2% from $3.20B on June 30, 2025. It has 10,572 more members than on June 30, 2025 (+6.1%). Its net worth ratio was up 0.05 percentage points from 10.96% on June 30, 2025. Commercial loans are its largest loan category, $895.3M of $2.74B in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 1.18% is above the 0.68% median of the 454 credit unions with $1B to $10B in assets for Q2 2026.
Data as of · sourced from NCUA 5300 call reports. How we update
Scorecard by dimension
Median of the 454 credit unions with $1B to $10B in assets: 10.89%; middle half of peers: 9.81% to 12.63%.
Earlier filings: 10.60% for Q1 2026; 10.96% for Q2 2025.
Median of the 454 credit unions with $1B to $10B in assets: 0.68%; middle half of peers: 0.45% to 1.05%.
Earlier filings: 1.63% for Q1 2026; 1.19% for Q2 2025.
Median of the 454 credit unions with $1B to $10B in assets: 0.89%; middle half of peers: 0.59% to 1.25%.
Earlier filings: 0.83% for Q1 2026; 0.60% for Q2 2025.
Median of the 454 credit unions with $1B to $10B in assets: 88.03%; middle half of peers: 78.23% to 95.19%.
Earlier filings: 88.52% for Q1 2026; 93.61% for Q2 2025.
Loans by type, Q2 2026
- Commercial loans: $895.3M
- Used vehicle loans: $650.3M
- 1- to 4-family residential and other consumer real estate loans: $631.3M
- New vehicle loans: $428.4M
- Unsecured credit card loans: $66.4M
- Other secured non-real estate loans and lines of credit: $42.8M
- Other unsecured loans and lines of credit: $27.8M
- Non-federally guaranteed student loans: $2.1M
Scored ratios by quarter
| Quarter | Total assets | Net worth ratio | Delinquency | ROA | Loan-to-share |
|---|---|---|---|---|---|
| June 30, 2026 | $3.40B | 11.01% | 1.18% | 1.05% | 93.71% |
| March 31, 2026 | $3.45B | 10.60% | 1.63% | 0.83% | 88.52% |
| December 31, 2025 | $3.34B | 10.74% | 1.72% | 0.56% | 90.36% |
| September 30, 2025 | $3.26B | 10.90% | 1.43% | 0.51% | 92.54% |
| June 30, 2025 | $3.20B | 10.96% | 1.19% | 0.60% | 93.61% |
| March 31, 2025 | $3.16B | 10.96% | 1.02% | 0.43% | 92.61% |
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How we score this
Net worth ratio: NCUA well capitalized at 7%, adequately at 6%. Our bands, pass to fail: delinquency 1% to 2%, ROA 0.5% to 0%, loan-to-share 85% to 100%. Not a credit rating. Methodology.
Regulator records: NCUA credit union profile (charter 66331) · FFIEC NIC profile (RSSD 248473)
Frequently asked questions
Is Sound Credit Union well capitalized?
On its Q2 2026 NCUA 5300 call report, Sound Credit Union's net worth ratio is 11.01%, above the 7% NCUA threshold for well capitalized.
Is Sound Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. Sound Credit Union is a federally insured credit union (NCUA charter 66331): its share insurance fund, run by the NCUA, covers $250,000 per member per ownership category.
What are Sound Credit Union's key safety ratios?
For Q2 2026, Sound Credit Union reports net worth 11.01%, delinquency 1.18%, ROA 1.05%, loan-to-share 93.71%.
What happens to my money if Sound Credit Union fails?
For Q2 2026, Sound Credit Union held $2.93B in shares and deposits for 184,758 members. If it failed, the NCUA would pay its insured shares up to $250,000 per member.