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.
All deposit accounts at Sierra Pacific FCU are insured up to $500,000 per account holder and ownership group.
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.
Sierra Pacific is proudly recommended by all major industry safety and soundness organizations.
Sierra Pacific has been awarded a 5-star safety rating by Bauer FInancial every quarter since 1990. See the press release here.
Sierra Pacific has earned a Green Ribbon and a 3-Star rating from Veribanc.
To review Veribancs reports, click below and enter the NCUA Institution ID: 1000
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 lklein@sierrapacificfcu.org or 775-834-4579.
We wanted our brand to represent Sierra Pacific’s unique history and where we are going. We’re putting more emphasis on our members, as stated in our mantra; All the credit belongs to you.
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Yes. In August of 2023, Sierra updated its brand look and voice with a new logo, updated name, and renewed focus on the incredible members we serve.
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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.
