Sierra Pacific Rated One of the Nation’s Strongest Credit Unions
March 2020: Coral Gables, Florida, BauerFinancial, Inc., the Nation’s Premier Bank and Credit Union Rating Firm, commends Sierra Pacific Federal Credit Union, Reno, Nevada on its achievement of another 5-Star Superior Rating. Not only has Sierra Pacific Federal Credit Union earned Bauer’s highest (5-Star) rating for financial strength and stability, it has maintained that top rating for 30 consecutive quarters. Earning this 5-Star rating indicates this credit union closed out calendar 2019 excelling in areas of capital adequacy, profitability, asset quality and much more.
“As the president of BauerFinancial, I am often asked what it takes to earn Bauer’s top 5-Star rating,” reflects Karen Dorway, president of the research firm. “Like everything in life, success boils down to knowledge. Because credit unions are formed by people with common ground to begin with, employees and other members already have commonalities they can build on. This intimacy allows the credit union to steer clear of danger and work with its members whether times are good or bad. Doing this well is how Sierra Pacific Federal Credit Union gets through the tough times unscathed.”
Sierra Pacific Federal Credit Union was established in 1936 and has been working side by side with its members for 84 years, helping bring success to the members and to the credit union. Although the St. Mary’s branch has temporarily suspended operations, Sierra Pacific Federal Credit Union operates through conveniently located offices in Las Vegas and Reno, Nevada and in Phoenix, Arizona. It can also be found online at sierrapacificfcu.org.
Member NCUA and an Equal Housing Lender
BauerFinancial, Inc., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt out of a BauerFinancial rating. Star-ratings are all available for free at bauerfinancial.com.
BauerFinancial, Inc. P.O. Box 143520, Coral Gables, FL 33114.