Cannabis Banking Map

Sound Credit Union

“Since 1940, we’ve been Washington’s favorite credit union, helping members with lower rates, better service & smiles all around. Over 170,000 members have chosen Sound as their banking partner. Enjoy the convenience of local branches, nationwide ATM access, and global support and benefits no matter where you live or travel.”

Cannabis Banking Services

“Secure banking solutions tailored for Cannabis enterprises.”

 

States Served:

  • Washington

 

Official cannabis banking page: https://www.soundcu.com/business/cannabis-banking/

 

Media coverage: NA

FDIC or NCUA Insured?

Yes (NCUA link).

  • NCUA charter number: 66331
  • NCUA insured since: 01/04/1971

Bank Health Rating

DepositAccounts.com Rating: link

  • DepositAccounts considers several health grade components:
    • Texas Ratio (measuring bank credit risk);
    • Texas Ratio trend;
    • Deposit growth;
    • Capitalization (difference between bank assets and liabilities).