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.
Sierra Pacific Credit Union uses specific lending criteria to make decisions on loan approval, rate, terms, etc. Any loan application submitted to Sierra is subject to our lending policies and may not match the offer, estimated score, or estimated rate or savings presented in SavvyMoney.
If you think some information is wrong or inaccurate, you can obtain a free credit report from www.annualcreditreport.com and then dispute inaccuracies with each bureau individually. Each bureau has its process for correcting inaccurate information.
Every Sierra Pacific CU user can file a dispute with TransUnion by clicking on the “Dispute” link within the Credit Score tool in online or mobile banking. TransUnion will share this with the other bureaus if the inaccuracy is verified. Members should check with each institution to confirm the innaccuracy has been fixed.
Yes!
You transfer funds from another bank or CU to Sierra, and vice-versa, through the “Transfers” feature in online and mobile banking.
You’ll need to set up each external account you’d like to connect, wait 2 days, and verify the account.
Once verified, that external account will be an option in your “Transfer To” and “Transfer From” menus. At this point, you can make a one-time transfer, or set up regular automatic transfers.
Transfer limits between your Sierra and external accounts apply. There is no fee for this service.
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