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Employer Identification Number 91-0557925

SOUND CREDIT UNION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:SOUND CREDIT UNION
Employer identification number (EIN):91-0557925
EIN Issuing AuthorityPhiladelphia, PA
NAIC Classification:522130
NAIC Description:Credit Unions
401k Pension/Benefits registration SOUND CREDIT UNION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code
State of IncorporationWashington, WA

Organization Overview

Mission StatementCOOPERATIVE PROVIDING FINANCIAL SERVICES, INCLUDING LOANS AND SHARE DEPOSITS TO ITS MEMBERS.
Number of Employees342
Number of Volunteers0
Year Formed1940

Organization Governance

Legal DomicileWA
Voting Members - Governing Body10
Voting Members - Independent10

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 385,277
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 102,027,323
Program Service Revenue from current yearUSD $ 112,047,798
Investment Income from prior yearUSD $ 3,675,217
Investment Income from current yearUSD $ 6,310,652
Other Revenue from prior yearUSD $ -90,965
Other Revenue from current yearUSD $ -267,236
Gross receipts from all sourcesUSD $ 118,890,575
Net assets / fund balances at end of fiscal yearUSD $ 268,558,924
Net assets / fund balances at beginning of fiscal yearUSD $ 264,498,555
Total liabilities at end of fiscal yearUSD $ 2,431,136,934
Total liabilities at beginning of fiscal yearUSD $ 2,284,586,056
Total assets at end of fiscal yearUSD $ 2,699,695,858
Total assets at beginning of fiscal yearUSD $ 2,549,084,611
Revenues less expenses for current yearUSD $ 22,002,354
Revenues less expenses for previous yearUSD $ 24,637,201
Total expenses for current yearUSD $ 96,088,860
Total expenses for previous yearUSD $ 80,974,374
Other expenses in current yearUSD $ 55,096,789
Other expenses in previous yearUSD $ 43,954,225
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 40,480,271
Employee salary and benefits paid in previous yearUSD $ 36,800,649
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 511,800
Grants and similar amounts paid in previous yearUSD $ 219,500
Total revenue in current fiscal yearUSD $ 118,091,214
Total revenue in previous fiscal yearUSD $ 105,611,575
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2021-12-31
Total unrelated business incomeUSD $ 236,369
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 96,046,363
Program Service Revenue from current yearUSD $ 102,027,323
Investment Income from prior yearUSD $ 2,387,711
Investment Income from current yearUSD $ 3,675,217
Other Revenue from prior yearUSD $ -34,626
Other Revenue from current yearUSD $ -90,965
Gross receipts from all sourcesUSD $ 110,056,507
Net assets / fund balances at end of fiscal yearUSD $ 264,498,555
Net assets / fund balances at beginning of fiscal yearUSD $ 243,014,439
Total liabilities at end of fiscal yearUSD $ 2,284,586,056
Total liabilities at beginning of fiscal yearUSD $ 1,976,025,190
Total assets at end of fiscal yearUSD $ 2,549,084,611
Total assets at beginning of fiscal yearUSD $ 2,219,039,629
Revenues less expenses for current yearUSD $ 24,637,201
Revenues less expenses for previous yearUSD $ 18,475,079
Total expenses for current yearUSD $ 80,974,374
Total expenses for previous yearUSD $ 79,924,369
Other expenses in current yearUSD $ 43,954,225
Other expenses in previous yearUSD $ 45,220,437
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 36,800,649
Employee salary and benefits paid in previous yearUSD $ 34,391,674
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 219,500
Grants and similar amounts paid in previous yearUSD $ 312,258
Total revenue in current fiscal yearUSD $ 105,611,575
Total revenue in previous fiscal yearUSD $ 98,399,448
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2020-12-31
Total unrelated business incomeUSD $ 351,282
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 89,645,251
Program Service Revenue from current yearUSD $ 96,046,363
Investment Income from prior yearUSD $ 7,046,509
Investment Income from current yearUSD $ 2,387,711
Other Revenue from prior yearUSD $ -57,700
Other Revenue from current yearUSD $ -34,626
Gross receipts from all sourcesUSD $ 99,031,625
Net assets / fund balances at end of fiscal yearUSD $ 243,014,439
Net assets / fund balances at beginning of fiscal yearUSD $ 222,941,788
Total liabilities at end of fiscal yearUSD $ 1,976,025,190
Total liabilities at beginning of fiscal yearUSD $ 1,617,176,338
Total assets at end of fiscal yearUSD $ 2,219,039,629
Total assets at beginning of fiscal yearUSD $ 1,840,118,126
Revenues less expenses for current yearUSD $ 18,475,079
Revenues less expenses for previous yearUSD $ 18,940,061
Total expenses for current yearUSD $ 79,924,369
Total expenses for previous yearUSD $ 77,693,999
Other expenses in current yearUSD $ 45,220,437
Other expenses in previous yearUSD $ 46,349,877
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 34,391,674
Employee salary and benefits paid in previous yearUSD $ 31,049,122
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 312,258
Grants and similar amounts paid in previous yearUSD $ 295,000
Total revenue in current fiscal yearUSD $ 98,399,448
Total revenue in previous fiscal yearUSD $ 96,634,060
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2019-12-31
Total unrelated business incomeUSD $ 385,808
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 74,735,632
Program Service Revenue from current yearUSD $ 89,645,251
Investment Income from prior yearUSD $ 4,723,676
Investment Income from current yearUSD $ 7,046,509
Other Revenue from prior yearUSD $ -131,016
Other Revenue from current yearUSD $ -57,700
Gross receipts from all sourcesUSD $ 99,114,102
Net assets / fund balances at end of fiscal yearUSD $ 222,941,788
Net assets / fund balances at beginning of fiscal yearUSD $ 203,334,230
Total liabilities at end of fiscal yearUSD $ 1,617,176,338
Total liabilities at beginning of fiscal yearUSD $ 1,328,862,497
Total assets at end of fiscal yearUSD $ 1,840,118,126
Total assets at beginning of fiscal yearUSD $ 1,532,196,727
Revenues less expenses for current yearUSD $ 18,940,061
Revenues less expenses for previous yearUSD $ 21,116,308
Total expenses for current yearUSD $ 77,693,999
Total expenses for previous yearUSD $ 58,211,984
Other expenses in current yearUSD $ 46,349,877
Other expenses in previous yearUSD $ 32,051,442
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 31,049,122
Employee salary and benefits paid in previous yearUSD $ 25,999,369
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 295,000
Grants and similar amounts paid in previous yearUSD $ 161,173
Total revenue in current fiscal yearUSD $ 96,634,060
Total revenue in previous fiscal yearUSD $ 79,328,292
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2018-12-31
Total unrelated business incomeUSD $ 359,856
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 67,459,530
Program Service Revenue from current yearUSD $ 74,735,632
Investment Income from prior yearUSD $ 3,963,958
Investment Income from current yearUSD $ 4,723,676
Other Revenue from prior yearUSD $ -214,074
Other Revenue from current yearUSD $ -131,016
Gross receipts from all sourcesUSD $ 79,780,933
Net assets / fund balances at end of fiscal yearUSD $ 203,334,230
Net assets / fund balances at beginning of fiscal yearUSD $ 182,301,595
Total liabilities at end of fiscal yearUSD $ 1,328,862,497
Total liabilities at beginning of fiscal yearUSD $ 1,278,741,594
Total assets at end of fiscal yearUSD $ 1,532,196,727
Total assets at beginning of fiscal yearUSD $ 1,461,043,189
Revenues less expenses for current yearUSD $ 21,116,308
Revenues less expenses for previous yearUSD $ 20,249,761
Total expenses for current yearUSD $ 58,211,984
Total expenses for previous yearUSD $ 50,959,653
Other expenses in current yearUSD $ 32,051,442
Other expenses in previous yearUSD $ 27,279,527
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 25,999,369
Employee salary and benefits paid in previous yearUSD $ 23,563,989
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 161,173
Grants and similar amounts paid in previous yearUSD $ 116,137
Total revenue in current fiscal yearUSD $ 79,328,292
Total revenue in previous fiscal yearUSD $ 71,209,414
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2017-12-31
Total unrelated business incomeUSD $ 417,854
Net unrelated business incomeUSD $ -161,753
Program Service Revenue from prior yearUSD $ 59,544,051
Program Service Revenue from current yearUSD $ 67,459,530
Investment Income from prior yearUSD $ 4,454,282
Investment Income from current yearUSD $ 3,963,958
Other Revenue from prior yearUSD $ 2,336,307
Other Revenue from current yearUSD $ -214,074
Gross receipts from all sourcesUSD $ 106,346,974
Net assets / fund balances at end of fiscal yearUSD $ 182,301,595
Net assets / fund balances at beginning of fiscal yearUSD $ 162,322,751
Total liabilities at end of fiscal yearUSD $ 1,278,741,594
Total liabilities at beginning of fiscal yearUSD $ 1,217,275,643
Total assets at end of fiscal yearUSD $ 1,461,043,189
Total assets at beginning of fiscal yearUSD $ 1,379,598,394
Revenues less expenses for current yearUSD $ 20,249,761
Revenues less expenses for previous yearUSD $ 17,722,595
Total expenses for current yearUSD $ 50,959,653
Total expenses for previous yearUSD $ 48,612,045
Other expenses in current yearUSD $ 27,279,527
Other expenses in previous yearUSD $ 27,204,475
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 23,563,989
Employee salary and benefits paid in previous yearUSD $ 21,287,570
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 116,137
Grants and similar amounts paid in previous yearUSD $ 120,000
Total revenue in current fiscal yearUSD $ 71,209,414
Total revenue in previous fiscal yearUSD $ 66,334,640
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 44,508
2016-12-31
Total unrelated business incomeUSD $ 447,884
Net unrelated business incomeUSD $ -154,097
Program Service Revenue from prior yearUSD $ 55,254,148
Program Service Revenue from current yearUSD $ 59,544,051
Investment Income from prior yearUSD $ 4,416,526
Investment Income from current yearUSD $ 4,454,282
Other Revenue from prior yearUSD $ 1,104,677
Other Revenue from current yearUSD $ 2,336,307
Gross receipts from all sourcesUSD $ 227,255,099
Net assets / fund balances at end of fiscal yearUSD $ 162,322,751
Net assets / fund balances at beginning of fiscal yearUSD $ 144,550,161
Total liabilities at end of fiscal yearUSD $ 1,217,275,643
Total liabilities at beginning of fiscal yearUSD $ 1,112,323,908
Total assets at end of fiscal yearUSD $ 1,379,598,394
Total assets at beginning of fiscal yearUSD $ 1,256,874,069
Revenues less expenses for current yearUSD $ 17,722,595
Revenues less expenses for previous yearUSD $ 16,294,867
Total expenses for current yearUSD $ 48,612,045
Total expenses for previous yearUSD $ 44,480,484
Other expenses in current yearUSD $ 27,204,475
Other expenses in previous yearUSD $ 23,876,133
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 21,287,570
Employee salary and benefits paid in previous yearUSD $ 20,484,351
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 120,000
Grants and similar amounts paid in previous yearUSD $ 120,000
Total revenue in current fiscal yearUSD $ 66,334,640
Total revenue in previous fiscal yearUSD $ 60,775,351
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 2,603,804
2015-12-31
Total unrelated business incomeUSD $ 541,257
Net unrelated business incomeUSD $ -68,244
Program Service Revenue from prior yearUSD $ 49,535,093
Program Service Revenue from current yearUSD $ 55,254,148
Investment Income from prior yearUSD $ 3,547,933
Investment Income from current yearUSD $ 4,416,526
Other Revenue from prior yearUSD $ 478,660
Other Revenue from current yearUSD $ 1,104,677
Gross receipts from all sourcesUSD $ 61,223,186
Net assets / fund balances at end of fiscal yearUSD $ 144,550,161
Net assets / fund balances at beginning of fiscal yearUSD $ 127,856,385
Total liabilities at end of fiscal yearUSD $ 1,112,323,908
Total liabilities at beginning of fiscal yearUSD $ 1,026,134,290
Total assets at end of fiscal yearUSD $ 1,256,874,069
Total assets at beginning of fiscal yearUSD $ 1,153,990,675
Revenues less expenses for current yearUSD $ 16,294,867
Revenues less expenses for previous yearUSD $ 14,978,233
Total expenses for current yearUSD $ 44,480,484
Total expenses for previous yearUSD $ 38,583,453
Other expenses in current yearUSD $ 23,876,133
Other expenses in previous yearUSD $ 20,556,477
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 20,484,351
Employee salary and benefits paid in previous yearUSD $ 17,906,976
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 120,000
Grants and similar amounts paid in previous yearUSD $ 120,000
Total revenue in current fiscal yearUSD $ 60,775,351
Total revenue in previous fiscal yearUSD $ 53,561,686
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 1,316,543
2014-12-31
Total unrelated business incomeUSD $ 304,560
Net unrelated business incomeUSD $ -254,653
Program Service Revenue from prior yearUSD $ 50,566,671
Program Service Revenue from current yearUSD $ 49,535,093
Investment Income from prior yearUSD $ 3,396,068
Investment Income from current yearUSD $ 3,547,933
Other Revenue from prior yearUSD $ 1,382,257
Other Revenue from current yearUSD $ 478,660
Gross receipts from all sourcesUSD $ 54,871,417
Net assets / fund balances at end of fiscal yearUSD $ 127,856,385
Net assets / fund balances at beginning of fiscal yearUSD $ 111,294,573
Total liabilities at end of fiscal yearUSD $ 1,026,134,290
Total liabilities at beginning of fiscal yearUSD $ 974,030,887
Total assets at end of fiscal yearUSD $ 1,153,990,675
Total assets at beginning of fiscal yearUSD $ 1,085,325,460
Revenues less expenses for current yearUSD $ 14,978,233
Revenues less expenses for previous yearUSD $ 17,663,041
Total expenses for current yearUSD $ 38,583,453
Total expenses for previous yearUSD $ 37,681,955
Other expenses in current yearUSD $ 20,556,477
Other expenses in previous yearUSD $ 20,432,634
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 17,906,976
Employee salary and benefits paid in previous yearUSD $ 17,181,321
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 120,000
Grants and similar amounts paid in previous yearUSD $ 68,000
Total revenue in current fiscal yearUSD $ 53,561,686
Total revenue in previous fiscal yearUSD $ 55,344,996
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 721,664

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 910557925

USA Mailing Address
PO BOX 1595
TACOMA
WA
98401
Date first seen: 2007-01-01
Date last seen: 2024-06-30
USA Location Address
1331 BROADWAY
TACOMA
WA
98401
Date first seen: 2007-01-01
Date last seen: 2024-10-08
USA Location Address
1331 BROADWAY PLAZA
TACOMA
WA
98402
Date first seen: 2007-01-01
Date last seen: 2024-06-30

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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