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What Sound Credit Union acquisition means for customers

 

Sound Credit Union is on the southwest corner of Fifth Avenue South and Dayton Street in Edmonds.

In September, Sound Credit Union acquired The Bank of Washington, a homegrown financial institution that began as The Bank of Edmonds. The final transition of The Bank of Washington accounts to the Sound Credit Union system will take place in July.

Sound’s acquisition of The Bank of Washington made it the first credit union in Washington state, and 23rd in the nation, to acquire a bank.

The Bank of Washington, founded in 1996 as The Bank of Edmonds, grew to a multibranch organization until March 2019, when Sound Credit Union acquired The Bank of Washington.

As previously reported by th...



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