# SOUND
Tacoma, WA · NCUA charter 66331 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/sound-66331

Who the members are: state charter, organized 1940, low-income designated. 181,030 members of 7,812,880 potential (2.3% of the field); checking penetration 59% (share draft accounts per 100 members); loans per 100 members 49.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $3.45B |
| Members | 181,030 (5.9% YoY) |
| Full-time staff | 415 |
| Net worth | $365.7M |
| Net worth ratio | 10.6% (p48 of band) |
| ROA (annualized) | 0.83% (p61 of band) |
| Total delinquency | 1.63% (p95 of band) |
| Net charge-offs (annualized) | 0.67% (p65 of band) |
| Loans / shares | 89% (p57 of band) |
| Cash / assets | 14.3% |
| Borrowings / assets | 2.61% |
| Net interest margin | 3.16% (p40 of band) |
| Operating expense / assets | 3.15% (p46 of band) |
| Vehicles % of loans | 39% (p75 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 88% |
| Third-party paper % of net worth | 248% (p76 of band) |
| Vehicle delinquency | 3.19% (p99 of band) |
| Vehicle NCO | 1.53% (p74 of band) |
| Repossessed % of vehicle book | 0.22% (p85 of band) |
| Real estate % of loans | 24% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 236% |
| Core shares % of member funds | 39% |
| Certificates % of member funds | 33% |
| Average share balance | $8,425 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $55.4M |
| Loans outstanding per 100 members | 49% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $29,857 |
| Loans granted, annualized | $827.6M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $55.4M outstanding purchased (15.1% of net worth), $23.5M sold and retained. Sold in 7 and bought in 3 of the last 8 quarters. Shares 9.6% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | net worth falling |  |
| 2017-03 | 1 |  | net worth falling |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 3 | net worth falling, delinquency rising |  |
| 2019-09 | 1 |  | net worth falling, delinquency rising |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | net worth falling |  |
| 2020-06 | 3 | delinquency rising |  |
| 2020-09 | 2 |  | delinquency rising |
| 2020-12 | 4 | margin squeeze, delinquency rising |  |
| 2021-03 | 3 |  | delinquency rising |
| 2021-06 | 1 |  | net worth falling, margin squeeze |
| 2021-09 | 1 |  |  |
| 2021-12 | 2 | net worth falling |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 1 |  | net worth falling |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 2 | net worth falling |  |
| 2023-06 | 3 | leaning on borrowings |  |
| 2023-09 | 2 | delinquency rising | net worth falling, leaning on borrowings |
| 2023-12 | 2 |  |  |
| 2024-03 | 3 | net worth falling |  |
| 2024-06 | 2 |  | net worth falling |
| 2024-09 | 2 | members leaving | delinquency rising |
| 2024-12 | 1 |  | members leaving |
| 2025-03 | 2 | delinquency rising |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 4 | net worth falling, delinquency 2x band |  |
| 2025-12 | 4 |  |  |
| 2026-03 | 4 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-04-08 [Sound Credit Union and Junior Achievement Expand Partnership - Business Wire](https://news.google.com/rss/articles/CBMiuAFBVV95cUxPRC0yVXRtSjFlcWZudmpZdGJsRkhjbjR5cEU4ZWtUWG1ta1RNTnFLTkNJUkJYMGFlZGQtUGx6bndHODZwMDdqU3lkVkZRWWVtZXNLZXVHY1dYV291cXRyTjlUT0tjdTVGNEx6Xy1QT0hIX1BhMUFhVnhMVDV6VjZTM2dESVcwaDJMS1RBak5qRFlXS042Y2JDMmIwM0JobE9XUTRnUE5qNU1xOV8tSWpqdGVFVWFfd1E3?oc=5) · Business Wire
- 2026-03-24 [Sound Credit Union welcomes Jamie Mullenix as SVP/Chief People and Culture Officer - CUInsight](https://news.google.com/rss/articles/CBMiwAFBVV95cUxQSDhQalNNODdvNGdZNFlWTWx2X3BjMVNIMUJqeFVZbHRlY2xPMExFLVhTRjZ5dnlDLTdFbDd4dUFzTUhjcUp2NzB1c21HYkNXWDJYMFJzMnRxbnltQmpLTGVLaG9uZUZzX0JZMF9ZWUZfdHNId05meTVLWEhnbGU5TER5dnlXemVKeUo3Y25XT0JEUzNGRUludHJISktWRVh5aXhMSS04QVFLN3NuZEdfSzVUNExnR1FXZUJQWWZDQlg?oc=5) · CUInsight
- 2026-01-19 [Sound Credit Union planning new branch in Port Orchard - Kitsap Sun](https://news.google.com/rss/articles/CBMirgFBVV95cUxNb3pPcGdqdzJPQWtVN2lndGljMVp0OHU4M0RnMW9HLWRQSGxCLW5uRkpLeWNxSjZMdTZoRGt4ZGpwLW5rSDdLSXc3U0VJWXhkdlA3bkxEWlJXRWlCdlJTNnU2VHFDOFQ4SGRQbzNnZl9MeWlILXZ3XzJpT3c2V2NZcnd3bnBQNU1OLVg3NkRXUE92aV9xTkUzbXFpTDZvZzZFcGM5ZVJ1VXV0Mnc5d2c?oc=5) · Kitsap Sun
- 2026-07-22 [Gesa Credit Union expanding to Oregon with latest acquisition - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxOZklHYURGUXZWWFg4Qnh5TWJSaENyeXpUNmdpOV9qOV9oVmRGMllHLTZfbTFnS2N6Q3BkeFNDcDNaZERCdXpFcmZvN3pFdEs3UUlnMWpxdjB0NXRZQTNHaGlEVmlIV2hUR3RFUl9oTi1DM2J3anlEWjZCU1lOQk1LODBSRGstcUZEWUQ1TVV1OUtsNDNnWF9VeVRHWXo1el9ia2FoT2Nqdw?oc=5) · The Business Journals
- 2026-08-04 [CORRECTING and REPLACING Matthew Figueroa Joins Sound Credit Union as Executive Vice President, Chief Financial & Risk Officer - Business Wire](https://news.google.com/rss/articles/CBMijAJBVV95cUxPa3ZpOUczUFVwdHRxXzFvSDdfWE52a1N3b0NsQTF4VGk5enVFSl90YlhiMjEzWUFGN1BzUElNaURRdkxVTTJGT1FCTGJIS2h2cGVwMGMyenEwd1A4THRtcTJLWjFkUVFzTFkxVE01eUN5VlIyTDZQOW1tS0I0VHNxQTZhUVFkbF9iTmpxV01mdkxqOXpEdEh2d1ZLdHBlS0NCdDRZR0RGbHRfM2RWY0R5RFBNelZ6OG9UUFRqY3FaSnJaVG1DWldkVWE3V0taZFJnX0Uxd3h6RXFhVWRPS09MQzJvaTJrQmNPUVhPdHF1dDNBcjVIM2djS254SFhNVmxvZkl0UmFhVE44eFhy?oc=5) · Business Wire
- 2024-03-11 [Sound Credit Union to buy Washington Business Bank - Banking Dive](https://news.google.com/rss/articles/CBMioAFBVV95cUxNWHVnclo1ZDRBYU1OVEZiZ1ZWMy1iUEdoOGNvSU94V3dlRzNIMDk4ZTJvcFZOMWhEVVhoR2dDTGItVFFRYks4bG4xa2k2bWxhY1k5SDkyOFVZRFdIYlJVVjJDa2FvVWVvb0Q4SFk1eGRJU0lUQlhua3BEUWpXMDBlRGFEYW11emgySkhHZ1hCMlpjeUJkZTZyY3ZDY0ZwMXBy?oc=5) · Banking Dive
- 2026-05-27 [Kent man convicted after recruiting teens for wave of armed cannabis shop robberies - KOMO](https://news.google.com/rss/articles/CBMivAJBVV95cUxORV9oUGNpWXZITU9kVFl4T3oxUkxlZEpkY1hsNXNxVlYxeXdDNVJIWEZHeWpWM2ZzVzVoVHBkWjNLVDZLSjJXUTJJX0duMkp0RWhEYUZtN3AtOW9XWnNaSDRnT0F0SktYZU56djlSamxzdEZhTWp1OG5Pd3dqTXFNM05BWHZKSTM0VmlUTlEyOUhSa01KbEVPQUR0X2tQU0lQQlJXUW93QVJxTEd5NDlOQmxRaFhEOTdMM0Y3d1BiWi1xVmVIdXV2U3JHWm40QXFvcXJxWUh4cFQxUEtEcEY1djBzLVc2UVIzUTFxUTBrUXNCMWNxaklQZm9tY0t1S01tZ1BhSHRfTFVHM0hFSlZiUGgtS1d6X3pDaVdaVlZhRm5yY2ItMUpyekFJWF8wZ2lEbEYtRXA2RXpQVFda?oc=5) · KOMO
- 2026-06-22 [Former First Sound Bank CEO to launch community bank in Bellevue - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNeUx6cEVWUWU2d0lrOGhlMWFCMXlZVk1JMklFVUdxc01IWllUeDBPODE1TlVjOFRSUkVMUG51WlhXNGVQWXdYYXZ0Y1RhbXBheVhickpQUXIxMWFFcTRIaXBkejBxWFNHTk1NUmkxa1RVOE9IWTBGcmFqUzEwRzZobnp2TU9ydmRGVU5tcktnZ1B4WENsMU15dWNfSVRSZVdlZVVjcE9TNi0?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66331 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/27.json (key "66331", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=66331
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide