Soundview Financial Credit Union Inc

Overview Soundview Financial Credit Union Inc is a nonprofit organization designated as a 501(c)(14) State-chartered credit union and mutual reserve fund. Donations to this organization are not tax deductible. It is headquartered in Bethel, Connecticut.

Mission The organization's mission is to serve its members as the best-in-class provider of consumer financial services, placing a high value on delivering these services effectively.

Operations Soundview Financial Credit Union operates with the goal of providing quality financial services to its members. It is a Federally Insured State Chartered Credit Union, indicating a level of stability and oversight by federal agencies.

Financial Highlights As of the latest available data, Soundview Financial Credit Union reported:

• Total Liabilities of $67,400,484 in its fiscal year ending December 2023.
• Total Assets have varied over recent years, with $43,834,356 reported in 2023 and $46,634,807 in 2021.
• The primary sources of revenue include program services and investment income, with contributions being negligible.
• Major expenses include executive compensation and other salaries and wages.

Performance Metrics Weiss Ratings have evaluated Soundview Financial Credit Union's profitability as Fair, with an operating profit as a percentage of assets at 1.2% and a return on assets of 1.0%. This suggests moderate financial performance within the industry standards.

Branch Network The credit union operates with approximately two branch locations, focusing on serving its member base within its local region.