Sierra Pacific FCU has been serving our members and communities in the heart of the west for over 87 years. We remain prepared to protect member finances by offering excellent share insurance, maintaining a strong balance sheet, and keeping reserves well above the required level.

We are proud of Sierra’s financial position and are always open to review this with any member.

Share Insurance

All deposit accounts at Sierra Pacific FCU are insured up to $500,000 per account holder and ownership group.

  • Insured up to $250,000 by the National Credit Union Administration (NCUA), the federal agency that regulates all U.S. credit unions. Click here to learn more.
  • Insured for an additional $250,000 by Excess Share Insurance, a private insurer. Click here to learn more. 

This exceptional level of coverage is provided at no additional cost to you, and protects member deposits in the unlikely event that this institution should fail.

3rd Party Safety Ratings

Sierra Pacific is proudly recommended by all major industry safety and soundness organizations.


Capital are funds set aside as reserves against shocks, like recessions.

The NCUA defines Sierra Pacific FCU as a “well capitalized” institution*. The minimum requirement for this NCUA definition is a 7% Capital Ratio (Capital/Total Assets).

As of February 28, 2023; Sierra’s Capital Ratio was 11.506%.

This ratio is reported quarterly on the NCUA website. Sierra’s charter number is 1000.

*As defined by the NCUA, part 702 of the Rules and Regulations


If you’d like to discuss Sierra’s safety and soundness, please feel free to contact CEO Leslie Ramsdell at or 775-834-4579.

Safety and Soundness FAQs

Nothing. Our website, online banking links and logins, and all other member access are unchanged. All you need to do is share your thoughts and spread the word about Sierra.

No! Sierra is still the same credit union, run by your leadership team out of Reno, NV. We updated Sierra’s look and voice in our 2023 rebrand, but remain the same, unmerged credit union.

Yes! Sierra Pacific is still federally chartered and insured by the National Credit Union Administration (NCUA), a federal agency. In August of 2023 we dropped the term federal from our common use name, but we remain a federal credit union.

No, members don’t have to pay or do anything to be covered by Sierra’s NCUA and excess share insurance. Qualifying amounts are automatically covered.

NCUA deposit insurance covers up to $250,000 per member and ownership type.

  • Individual accounts (savings, checking, money market) are covered for up to $250,000 per member
  • Joint accounts (savings, checking, money market) are covered for up to $250,000 per owner – so an account with $500,000 and two joint owners would be fully insured by NCUA coverage.
  • Trust Accounts – Up to $250,000 per beneficiary for each owner
  • Retirement Accounts – Roth or Traditional IRA – Up to $250,000 total. Beneficiaries do not change the coverage amount.

NCUA-share-insurance-coverage-overview 3.2020

Sierra is federally insured by the NCUA, which means member deposits are insured for up to $250,000 per member per account ownership type. We also offer Excess Share Insurance, which covers an additional $250,000 on the same guidelines, bringing the total to $500,000 per member and ownership type.

So what are the ownership types?

This NCUA poster explains it best. 

Deposits at Sierra Pacific are insured by the NCUA and Excess Share Insurance. 

The NCUA insures up to $250,000 per individual member, per ownership category. Excess Share Insurance covers up to $250,000 in excess of that. In total, your Sierra shares are insured for up to $500,000 per member, per ownership category.

Check out these NCUA resources for more information on ownership types, and how NCUA insurance works. 

To estimate your total deposit coverage at Sierra, or another institution, visit

Yes, your deposits at Sierra Pacific FCU are federally insured by the National Credit Union Administration (NCUA) up to $250,000 per member per ownership type.

In addition, Sierra provides up to $250,000 of excess insurance for accounts that surpass the NCUA insurance limit.

In total, deposits are insured for up to $500,000 per member, per ownership type.

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Sierra Pacific Federal Credit Union