Applications / Mortgage Analytics / Lenders / Washington / Sound Credit Union
Tacoma, WA · Credit union · NCUA · $3.3 billion assets · 793 loans in 2025
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793
loans originated, 2025
1,660
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Sound Credit Union is a Tacoma credit union centred on home-improvement lending, whose 793 loans in 2025 were less than half its 2020 total, with its share rising in Bremerton and falling in Wenatchee.
Home improvement made up 46.0% of its loans, refinances 26.9%, purchases 14.8% and other purposes 12.4%. Its typical loan, $105,000, matched similar lenders' (credit unions making between half and twice as many loans), down from $215,000 five years before. Its total, $187.9 million, was higher than nearly three-quarters of peers.
It made 793 loans, down 2% from 807, while peers grew 8% and the whole market 10%. It made 1,706 in 2020 and 1,778 in 2021, and has been near its current level since 2023.
Its share in Bremerton-Silverdale-Port Orchard rose 0.2 points to 0.3% (61 of 326), and was unchanged at 0.3% in Olympia-Lacey-Tumwater (59 of 303). In Wenatchee-East Wenatchee it fell 0.2 points to 0.3%; its own slight fall in originations while the market grew is one possible reason. In Seattle-Tacoma-Bellevue it ranked 68 of 597, where Boeing Employees' Credit Union leads.
LMI (low- and moderate-income) borrowers took 24.8% of its loans, against 27.5% at peers, down from 27.9%; LMI areas took 16.3%, against 15.0%, down from 21.1%. Majority-minority areas took 14.6%, against 10.5%. With 793 loans, a shift in where or for what it lent in one year could move these shares.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Sound Credit Union took 1,660 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 46.0% · Refinance 26.9% · Purchase 14.8% · Other 12.4%
Conventional 99.4% · VA 0.6% · of 793 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Washington | 789 | 99.5% |
| Oregon | 3 | 0.4% |
| Idaho | 1 | 0.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Tacoma-Lakewood | 375 |
| Seattle-Bellevue-Kent | 192 |
| Everett | 97 |
| Olympia-Lacey-Tumwater | 43 |
| Bremerton-Silverdale-Port Orchard | 31 |
| Bellingham | 4 |
| Mount Vernon-Anacortes | 4 |
| Kennewick-Richland | 3 |
| Spokane-Spokane Valley | 3 |
| Wenatchee-East Wenatchee | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 54930021QRU8VXNS6152 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 248473 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 566331 | 1990–2017 |
Established 1 January 1940. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Sound Credit Union's data.
Sound Credit Union's data
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Sound Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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