Sound Options for Your Business

Sound Options
for Your Business

Savings Accounts

Sound Federal Credit Union has so many ways to help your business save. Open your Membership savings with as little as $25 and choose from an exceptional array of savings products. As a Member/Owner, you have access to all the wonderful benefits that come from being a Member of Your Credit Union.

Health (HSA)

Looking for a Sound way to help your employees cover those rising healthcare costs? We have the answer! Start a Sound Health Savings Account (HSA) program that will provide an exceptional benefit for you and your staff. You’ll enjoy:
• Designed to work with a qualifying high deductible plan
• No Monthly or Annual Service Fees
• The option to make contributions through Payroll Deduction
• Free Sound HSA Debit Card to Access Your Funds Quickly

Click here to open an HSA account online.

Holiday Club

Don’t let the holidays sneak up on you; with a Holiday Club account, you can save for the holiday season throughout the year. Open your Sound account at any time during the year, receive your funds in November and enjoy the holidays worry-free!

Business Checking Accounts

Tired of combing through confusing checking account options hoping to find the right one for your business? Well your search is over! Sound Federal Credit Union offers three clear, convenient Business Checking Accounts to choose from.
All three accounts come with these exceptional Sound benefits:
• No Annual Fee Debit Card
• FREE Home Banking, Bill Pay, E-statements and Mobile Banking
• Access to more than 55,000 Surcharge-Free ATMs Nationwide
• No ATM Transaction Fees at Sound Federal Credit Union, Allpoint or MoneyPass ATM network machines, including ATMs located at CVS and Walgreens
• ID Protect®

Basic Value Business Checking

Looking for a simple account with no minimums and no fees? Basic Value Checking is the right choice for you! Open this Checking Account and enjoy the freedom of no minimum balance and no monthly service charges.

Extra Value Business Checking

Want a Checking Account with great value? Open an Extra Value Checking Account and enjoy the added benefits of free Credit Monitoring, Identity Theft Protection, and Cell Phone Protection.

Premium Value Business Checking

Want a Checking Account that gives you access to your money at any ATM anywhere … surcharge-free? Then Premium Value Checking is the Sound choice for you! You’ll get all the benefits of Extra Value Checking plus we’ll reimburse you for your ATM surcharge fees! But that’s not all, we’ll even pay you interest on the money you keep in your account!

Which option is the Sound choice for you? Just compare the benefits of these exceptional Checking Accounts and open your account today!

Benefits Basic Value Business Checking Extra Value Business Checking Premium Value Business Checking
Free Home Banking, E-statements & Bill Pay Yes Yes Yes
Free Mobile Banking with Remote Check Deposit Yes Yes Yes
No Annual Fee Debit Card Yes Yes Yes
No Transaction or Surcharge Fees at Over 55,000 ATMs Nationwide Yes Yes Yes
Reimbursement of All Monthly ATM Surcharges1 Yes
Identity Theft Protection2 Yes Yes
Credit Monitoring2 Yes Yes
Cell Phone Protection2
(Cell phone bill must be paid out of checking account or with your Sound Federal Debit Card)
Yes Yes
Earn Interest Yes
Discount on Personal and Vehicle Loans3 Yes
Monthly Maintenance Service Charge $0 $4.95 $20.00
How to Avoid Monthly Maintenance Service Charge n/a Charge does not apply if Member maintains $5,000 average monthly balance in checking, savings, certificates or money market accounts Charge does not apply if Member maintains $5,000 average monthly balance in checking, savings, certificates or money market accounts, has direct deposit/payroll deduction and is in enrolled in e-statements
Please refer to our Truth in Savings and Fee Schedule for all related charges.
1All foreign ATM transactions will be reimbursed at the end of every month.
2 Insurance products are not insured by NCUA or any Federal Government Agency; not a deposit or guaranteed by the credit union or any credit union affiliate. To receive Cellular Phone Protection, your cell phone must be paid out of your checking account or with your Sound Federal Debit Card.
30.25% Annual Percentage Rate on personal and vehicle loans. Cannot be used with a promotion rates or payroll deduction discount.
Debit Cards

Sound Federal Credit Union Members who have a business checking account are eligible to receive a MasterCard® Debit Card. The card can be used for both ATM transactions and purchases. Rather than writing a check, you can hand merchants your Debit Card and the amount is automatically withdrawn from your checking account. Use it wherever MasterCard®, Maestro®, or CIRRUS are accepted.

IMPORTANT NOTICE:

For your protection, debit card transactions are limited or blocked in certain countries. If you are traveling abroad, please click here to view the list of countries.

FRADULENT ACTIVITY ON YOUR DEBIT CARD? LOST OR STOLEN CARD? PLEASE CONTACT US IMMEDIATELY. You have the option to deactivate and reactivate your Debit Card in the Home Banking Services tab. Please note that if you have permanently lost your card or it has been stolen you must still contact us. Stay safe and Sound.

MasterCard® SecureCode

MasterCard® SecureCode is a private code for your MasterCard® account that gives you an additional layer of online shopping security. Only you and your financial institution know what your code is — merchants aren’t able to see it.
Accepted Around the World
More than one million online merchants in 122 countries support transactions made with SecureCode. Look for the logo when you’re providing your payment information.

Fast, Simple, Convenient
SecureCode works with your existing MasterCard® account. Plus, it’s easy to activate and use.
Register today by clicking here

Overdraft Protection

Ever have one of those trying and embarrassing moments when your debit card is declined, or your check is returned? We can help you avoid these stressful moments when you make a Sound decision to opt into our Overdraft Protection program. It’s easy … just sign and return the opt-in form and we’ll take care of the rest!

Business Money Market Accounts

If you want to earn more on your savings, but need easy access to your money, the Sound Business Money Market is the right account for you. And, the more you save, the better the rate – Sound thinking!

Certificates of Deposit

Looking for the highest rate on your savings with none of the risk that comes from other investments? Our share certificates are a Sound way to watch your savings grow. With as little as $1,000 ($500 for Members 21 and younger) you can choose certificate terms from 90 days to 60 months. Share certificates guarantee you an exact return on your investment for a length of time that you choose. No unwelcome surprises, just more savings for you – Sound thinking!

Retirement Accounts

Sound Options

Traditional IRA

Sound Federal Credit Union’s Traditional IRA offers tax-advantaged retirement savings for your IRA contributions or roll-over. You can invest, contribute, or roll-over your IRA in a fixed-rate, fixed-term IRA Certificate or IRA Money Market account – Sound planning.

Roth IRA

With a Sound Federal Credit Union Roth IRA, you make after-tax contributions and your earnings accumulate tax-free. All qualified distributions are entirely tax-free, and there’s no age limit. You can contribute as long as you have earned income and meet Adjusted Gross Income (AGI) requirements. Choose a fixed-rate, fixed-term IRA Certificate IRA or an IRA Money Market Account – Sound planning.
Please consult your tax adviser for details regarding contributory limitations, roll-over advantages, and withdrawal implications.

Business Autos and Light Trucks

A Sound Choice for Borrowing

Business Autos and Light Trucks

Let Sound make financing your business Autos and Light Trucks quick and easy. We’ll finance up to 100% of your new or used car or truck with a great rate and a term of up to 72 months. We’ll even include tax and licensing fees, warranties, GAP protection and Debt protection in your financing package.
Already have a business Auto or Light Truck loan … we can take care of that too! Just make a Sound decision to refinance your existing loan and get the same exceptional rates and terms we offer for when purchasing your car or truck. So, what are you waiting for? Give us a call or apply online and start saving money today!
To apply, you can click on the button below, call (203) 977-4701 or stop by our office.

Mortgage Solutions for Your Business

A Sound Choice When Buying Improved Real Estate

Buying improved real estate, whether it be a multi-family property or a building for your business, can be a bit overwhelming. Having a Sound financial partner with you to guide you through the entire process can mean all the difference and help you rest easy! We know the commercial mortgage lending business and can help make sure you get the right loan at the right price! Call or stop by our office today!

Refinancing Your Current Business-related Mortgage

Paying too much for your current loan? Want to keep more of your hard-earned money in your pocket? Make a Sound decision to refinance with us and start saving today! We have all the tools and the know-how to find you a great loan at a great rate! Call or stop by our office today and let your Sound partner help you start saving money today!

Equity Loans and Lines of Credit

Fixed Rate Home Equity Loans
A Sound equity loan is best for those who are interested in a fixed rate loan for improvements, debt consolidation or other expenses – Sound options.

  • Competitive rates
  • Terms up to 15 years
  • Possible tax deductions (Consult Your Tax Adviser)
Equity Line of Credit

A Sound Equity Line of Credit is a revolving line of credit that allows you to borrow against your business’ real estate equity. Only use what you need when you need it. Enjoy the flexibility of choosing how much and when you will borrow – Make a Sound choice. 

Credit Cards

Choose a Sound Option

With our range of Visa® credit card options you get to choose what works best for you.

Visa® Cashback Visa® Platinum Advantage
Annual Percentage rate Prime plus 5.5%** 9.90%
Annual Fee None None
Balance Transfer Rate 1.99% (For 12 Months) 1.99% (For 12 Months)
Credit Limits Up to $25,000 Up to $25,000
ScoreCard Rewards No Yes
Automobile Rental Insurance Yes Yes
Travel/Accident Insurance Yes Yes
Zero Liability for Unauthorized Transactions Yes Yes
Cashback
  • Receive 1% cashback on all eligible purchases on your VISA Cashback Card
  • Cashback rewards will be deposited into your account quarterly
Credit Builder (Secured)
  • Use Your Savings as Collateral
  • 9.90% APR* for Purchases and Cash Advances
  • No Annual Fee
  • Zero Liability for Unauthorized Transactions

*Please read our Visa® Credit Card Disclosure and Agreement for complete details. **The prime rate is current as it appears in The Wall Street Journal.

VISA DISCLOSURE

Report a Lost or Stolen Card

LOST OR STOLEN CREDIT CARD? PLEASE CONTACT US IMMEDIATELY. 

How Do I Apply?

  1. Call Sound’s Business Lending Department at 1 833-SOUNDFCU
  2. Come by our office and speak to our Business Loan Specialist

Your Sound Financial Partner

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