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Credit union, Tacoma, WA
Sound Credit Union, Tacoma, WA
A credit union based in Tacoma, WA. Its commercial book is led by non-owner-occupied CRE and multifamily. Public files show recent multifamily, 1-4 unit investor, SBA 7(a), SBA 504 and real-estate-secured commercial loans it made.
- Kind
- Credit union
- Data as of
- June 30, 2026
- Page last changed
- November 12, 2026
- Commercial book
- $879M
- NCUA 5300,
- Holds, not loans made
- Commercial loans made, H1 2026
- 35
- NCUA 5300,
- Real-estate-secured
- SBA loans, 36 months
- 183
- SBA FOIA,
- 7(a) and 504, net of cancelled
- Total assets
- $3.40B
- NCUA 5300,
Does it fit my deal?
The deal is read here and kept nowhere. Leave out names, income and credit scores.
How to reach them
Each line shows where it came from
- Phone
- 253-383-2016 From the NCUA record, June 30, 2026.
- Website
- www.soundcu.comFrom the NCUA record, November 9, 2026.
- Commercial lending page
- soundcu.comFrom the lender's website, retrieved November 11, 2026.
- Names it files under
- SOUNDNCUA 5300,
- Address
- PO Box 1595, Tacoma, WA 98401NCUA 5300,
- Regulator record
- NCUA profile
You generally must be a member of a credit union to borrow from it. Field of membership: Non-Federal Credit Union. Designated low-income by NCUA.
Recently done
Recorded lending
Recorded lending. Two or more public files show loans this lender made.
| When | What the record shows | Source |
|---|---|---|
| Oct 2023 to Sep 2026 | SBA 7(a) approvals by processing method: 19 under Preferred Lender authority, 158 SBA Express.SBA ProcessingMethod field, net of cancellations. | SBA FOIA, |
| Jun 2025 to Jun 2026 | Non-owner-occupied CRE balance rose 6.4% to $328.8M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
| Jun 2025 to Jun 2026 | Multifamily balance rose 4.1% to $288.2M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
| Jun 2025 to Jun 2026 | Owner-occupied CRE balance rose 5.6% to $214.3M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Sep 2026 | Washington | SBA 7(a), Offices of Chiropractors | $350K | 8.75% | 10 yr | SBA FOIA | |
| Sep 2026 | Washington | SBA 7(a), Electrical Contractors and Other Wiring Installation Contractors | $170K | 10% | 3 yr | SBA FOIA | |
| Sep 2026 | Washington | SBA 7(a), General Freight Trucking, Long-Distance, Truckload | $75K | 8% | 7 yr | SBA FOIA | |
| Sep 2026 | Washington | SBA 7(a), Electrical Contractors and Other Wiring Installation Contractors | $42K | 12.75% | 7 yr | SBA FOIA | |
| Sep 2026 | Washington | SBA 7(a), Other Personal and Household Goods Repair and Maintenance | $35K | 12.25% | 7 yr | SBA FOIA | |
| Sep 2026 | Washington | SBA 7(a), Nursery, Garden Center, and Farm Supply Retailers | $17K | 11.25% | 7 yr | SBA FOIA | |
| Aug 2026 | Washington | SBA 7(a), Beauty Salons | $190K | 7.75% | 20 yr | SBA FOIA | |
| Aug 2026 | Washington | SBA 7(a), Tile and Terrazzo Contractors | $19K | 9.5% | 5 yr | SBA FOIA | |
| Jul 2026 | Washington | SBA 7(a), Fitness and Recreational Sports Centers | $560K | 8.25% | 10 yr | SBA FOIA | |
| Jul 2026 | Washington | SBA 7(a), Caterers | $120K | 9.75% | 10 yr | SBA FOIA | |
| Jul 2026 | Washington | SBA 7(a), Caterers | $100K | 9.75% | 10 yr | SBA FOIA | |
| Jul 2026 | Washington | SBA 7(a), Health Care and Social Assistance | $50K | 12.75% | 7 yr | SBA FOIA | |
| Jul 2026 | Washington | SBA 7(a), Full-Service Restaurants | $50K | 11.25% | 5 yr | SBA FOIA | |
| Jul 2026 | Washington | SBA 7(a), Book Retailers and News Dealers | $50K | 11.25% | 7 yr | SBA FOIA | |
| Jul 2026 | Washington | SBA 7(a), Logging | $41K | 9.75% | 7 yr | SBA FOIA | |
| Jul 2026 | Washington | SBA 7(a), Logging | $35K | 9.75% | 7 yr | SBA FOIA | |
| 2025 | King County, WA | Cash-out refinance, 5 to 24 units | $1.2M | 5.88% | 10 yr | 75% | HMDA 2025 |
| 2025 | Kitsap County, WA | Purchase, 5 to 24 units | $2.6M | 6.1% | 10 yr | 46% | HMDA 2025 |
| 2025 | Chelan County, WA | Purchase, 5 to 24 units | $3M | 6.3% | 10 yr | 75% | HMDA 2025 |
| 2025 | Snohomish County, WA | Purchase, 5 to 24 units | $3M | 6.33% | 10 yr | 75% | HMDA 2025 |
| 2025 | Snohomish County, WA | Cash-out refinance, 50 to 99 units | $7.2M | 5.7% | 10 yr | 57% | HMDA 2025 |
| 2025 | Pierce County, WA | Purchase, 5 to 24 units | $2.5M | 6.75% | 10 yr | 71% | HMDA 2025 |
| 2025 | Pierce County, WA | Refinance, 25 to 49 units | $1.7M | 6.52% | 10 yr | 63% | HMDA 2025 |
| 2025 | Lewis County, WA | Cash-out refinance, 100 to 149 units | $5M | 6.32% | 10 yr | 69% | HMDA 2025 |
| Jul 2024 | Washington | SBA 504, Professional, Scientific, and Technical Services | $610K | 25 yr | SBA FOIA | ||
| 180 SBA 7(a) loans since October 2023, net of cancelled | $28.1M | SBA FOIA | |||||
A blank means the source did not report it.
What it holds
NCUA 5300, June 30, 2026
| Book | Holds | Of its loans | Year over year | Loans | Average |
|---|---|---|---|---|---|
| Multifamily | $288M | 10.5% | +4.1% | 163 | $1.77M |
| Construction and land development | $36.9M | 1.3% | +98.1% | 11 | $3.35M |
| Owner-occupied CRE | $214M | 7.8% | +5.6% | 142 | $1.51M |
| Non-owner-occupied CRE | $329M | 12.0% | +6.4% | 151 | $2.18M |
| Farmland | $0 | 0.0% | Not reported | 0 | Not reported |
| Commercial and industrial | $10.4M | 0.4% | -11.9% | 97 | $107K |
| Other real-estate-secured commercial | $0 | 0.0% | Not reported | Not reported | Not reported |
| Commercial total | $879M |
Table
| Quarter | Commercial book |
|---|---|
| Q3 2023 | $636M |
| Q4 2023 | $646M |
| Q1 2024 | $661M |
| Q2 2024 | $684M |
| Q3 2024 | $709M |
| Q4 2024 | $786M |
| Q1 2025 | $805M |
| Q2 2025 | $820M |
| Q3 2025 | $832M |
| Q4 2025 | $850M |
| Q1 2026 | $847M |
| Q2 2026 | $879M |
| Kind of loan | Period | Loans made | Dollars | Typical size | Largest | Source |
|---|---|---|---|---|---|---|
| Multifamily, 5 or more units | 2025 | 16 | $42.0M | $2.33M | $7.2M | HMDA, |
| Multifamily, 5 or more units | 2024 | 25 | $58.3M | $1.92M | HMDA, | |
| 1-4 unit investor or business purpose | 2025 | 51 | $9.88M | $155K | HMDA, | |
| SBA 7(a), net of cancelled | 36 months to Sep 2026 | 180 | $28.1M | $32.3K | $4.2M | SBA FOIA, |
| SBA 7(a), net of cancelled | 12 months to Sep 2026 | 68 | $9.05M | SBA FOIA, | ||
| SBA 504 first lien, net of cancelled | 36 months to Sep 2026 | 3 | $8.30M | $2.00M | $5.7M | SBA FOIA, |
| Real-estate-secured commercial | First half of 2026 | 35 | $71.5M | NCUA 5300, | ||
| Multifamily | First half of 2026 | 10 | $11.8M | NCUA 5300, | ||
| Construction | First half of 2026 | 4 | $7.75M | NCUA 5300, | ||
| Owner-occupied CRE | First half of 2026 | 10 | $37.1M | NCUA 5300, | ||
| Non-owner-occupied CRE | First half of 2026 | 11 | $14.8M | NCUA 5300, | ||
| C&I | First half of 2026 | 17 | $1.03M | NCUA 5300, |
How these public files were tied to this lender. HMDA: its legal entity identifier (LEI). SBA 7(a) loans: its NCUA charter number. SBA 504 first liens: name and lender office city.
| Book | Average loan |
|---|---|
| Construction and land development | $3.35M |
| Multifamily | $1.77M |
| Owner-occupied CRE | $1.51M |
| Non-owner-occupied CRE | $2.18M |
| Commercial and industrial | $107K |
| Industry | Loans | Dollars |
|---|---|---|
| General Freight Trucking, Long-Distance, Truckload | 8 | $673K |
| Administrative Management and General Management Consulting Services | 6 | $761K |
| Electrical Contractors and Other Wiring Installation Contractors | 6 | $334K |
| Janitorial Services | 5 | $1.03M |
| Fitness and Recreational Sports Centers | 5 | $1.03M |
| Full-Service Restaurants | 5 | $635K |
| Residential Remodelers | 5 | $613K |
| Snack and Nonalcoholic Beverage Bars | 5 | $151K |
| Mobile Food Services | 5 | $81.0K |
Other lenders in these fields: SBA lenders for trucking companies, SBA lenders for professional services firms, SBA lenders for construction trades.
Programs on record: Federal Home Loan Bank member, Des Moines district (FHFA).
Where it lends
Offices beside loans on record
| State | Offices | Multifamily 2025 | 1-4 investor 2025 | SBA 7(a) 36 mo. | SBA 504 36 mo. |
|---|---|---|---|---|---|
| Washington HQ | 27 | 16 | 50 | 180 | 3 |
| Oregon | 0 | 0 | 1 | 0 | 0 |
| County | Recorded loans | Dollars |
|---|---|---|
| King County, WA | 20 | $47.2M |
| Pierce County, WA | 6 | $13.8M |
| Snohomish County, WA | 5 | $17.0M |
| Metro | Recorded loans | Dollars |
|---|---|---|
| Seattle-Bellevue-Kent, WA | 20 | $47.2M |
| Tacoma-Lakewood, WA | 6 | $13.8M |
| Everett, WA | 5 | $17.0M |
Capacity. Not a rating
Our calculation from public filings, as of June 30, 2026. Not a rating, and not a statement about safety or deposits.
| Measure | This lender | Its peers | How it is worked out | Source |
|---|---|---|---|---|
| Business loan cap | $417M | $224M to $529M across 8 peers | Estimate: the lesser of 1.75 times net worth or 12.25% of assets. Low-income designated credit unions and some others are exempt. Not a statement from the credit union. | NCUA 5300, 12 CFR 723.8, Jun 30, 2026 |
| Business loans outstanding | $818M | $209M to $1.58B across 8 peers | Net member business loans, as reported on Form 5300. | NCUA 5300, |
| Cap used | 196.1% | 91.4% to 299.3% across 8 peers | Business loans outstanding over the estimated cap. This credit union is designated low-income by NCUA and is exempt from the cap. | NCUA 5300, |
| Largest single borrower | $56.2M | $37.1M to $78.0M across 8 peers | Estimate: the greater of 15% of net worth or $100,000. Not a limit the credit union has stated. | NCUA 5300, 12 CFR 723.4, Jun 30, 2026 |
| CRE to net worth | 174.6% | 52.5% to 225.3% across 8 peers | (Construction + multifamily + non-owner-occupied CRE loans) divided by net worth. Our own ratio, not a regulatory test or limit. | NCUA 5300, |
| Loans to assets | 80.6% | 69.9% to 81.6% across 8 peers | Total loans divided by total assets. | NCUA 5300, |
Estimates use the formulas in 12 CFR 723. Low-income designated credit unions and some others are exempt from the cap.
Loan channel and SBA processing
Public record only
- Preferred Lender authority
- 19 loans (10.6%)
- SBA Express
- 158 loans
- Approval to first disbursement
- 13 days, median of 153
SBA FOIA, SBA 7(a) loans, 36 months. Counted from SBA approval, not application. Lines of credit disburse fast.
Peers
Same kind of lender, similar size and book
| Lender | State | Total assets | Commercial book |
|---|---|---|---|
| Harborstone Credit Union | WA | $3.13B | $673M |
| PEAK Credit Union | WA | $4.25B | $464M |
| Numerica Credit Union | WA | $4.32B | $1.43B |
| Hapo Community Credit Union | WA | $2.99B | $523M |
| Fibre Credit Union | WA | $1.82B | $178M |
| Whatcom Educational Credit Union | WA | $3.40B | $663M |
| IQ Credit Union | WA | $2.19B | $388M |
| Columbia Community Credit Union | WA | $2.59B | $569M |
What we don't know
- Whether it is taking new loans today, or on what terms.
- Who can join. A credit union lends only to its members, and field of membership decides who qualifies.
- Whether it takes brokers. No figure here means no evidence, not a refusal.
- Credit union concentration ratios here are our own calculation against net worth. They are not a regulatory test or limit. Originations are Jan-Jun 2026 year to date.
Check this page
Against the regulator's own record
- Name and charter. Sound Credit Union, NCUA charter 66331. Compare it with the regulator's record. [NCUA profile]
- Balances. $3.40B in total assets and $879M in commercial loans held, from the NCUA 5300 for June 30, 2026. [Source]
- Loans made. 35 real-estate-secured commercial loans made in the first half of 2026, from your NCUA Form 5300, and 275 loans in HMDA and SBA files, through September 30, 2026: 16 HMDA multifamily 2025, 25 HMDA multifamily 2024, 51 HMDA 1-4 unit investor 2025, 180 SBA 7(a) in 36 months, 3 SBA 504 first liens in 36 months. [How each file was tied to Sound Credit Union]
- Phone and website. Phone 253-383-2016, from the NCUA record. Website soundcu.com, from the NCUA record. [How to reach them]
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For the record
Data as of June 30, 2026. Page last changed November 12, 2026.
- Regulator
- NCUA and state regulator
- NCUA charter
- 66331
- RSSD
- 248473
- LEI
- 54930021QRU8VXNS6152
- The Lender Report ID
- lr_000534
- Main office county
- Pierce
- Members
- 186,929
- NCUA region
- 3 - Western
NCUA credit union details,
- Reported $3.4B in total assets as of June 30, 2026 (NCUA 5300).
- Held $878.7M of commercial and commercial real estate loans as of June 30, 2026 (NCUA 5300).
- Held $328.8M of non-owner-occupied commercial real estate loans as of June 30, 2026, up 6.4% from a year earlier (NCUA 5300).
- Held $288.2M of multifamily loans as of June 30, 2026, up 4.1% from a year earlier (NCUA 5300).
- Held $214.3M of owner-occupied commercial real estate loans as of June 30, 2026, up 5.6% from a year earlier (NCUA 5300).
- Originated 16 multifamily loans totaling $42M in 2025 (HMDA).
8 more sentences
- Originated 25 multifamily loans totaling $58.3M in 2024 (HMDA).
- Originated 51 1-4 unit investor or business-purpose loans totaling $9.9M in 2025 (HMDA).
- Recorded 188 SBA 7(a) approvals totaling $28.4M from October 1, 2023 to September 30, 2026, of which 8 were later cancelled (SBA).
- Provided the first lien on 3 SBA 504 projects with $8.3M in first-lien dollars from October 1, 2023 to September 30, 2026 (SBA).
- Originated 35 real-estate-secured commercial loans totaling $71.5M in the first half of 2026 (NCUA 5300).
- Bought $3M of commercial loan participations from January 1 to June 30, 2026 (NCUA 5300).
- Held $57.5M of nonmember commercial loans and participations as of June 30, 2026 (NCUA 5300).
- Listed 27 offices in 1 state (NCUA).
Cite this
Source: The Lender Report, Sound Credit Union, https://lender.report/lender/sound-credit-union-wa/, data as of June 30, 2026.
Sources
- NCUA 5300, June 30, 2026
- NCUA 5300, June 30, 2025
- HMDA, 2025
- SBA FOIA, September 30, 2026
- NCUA 5300, June 30, 2026
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.
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Work at Sound Credit Union? Claim this page, free.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem