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.
Do I have to opt in or purchase share insurance?
Is NCUA insurance per account, or per member?
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 […]
What are the NCUA Deposit Insurance Ownership Types?
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 […]
Are my deposits insured?
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 […]