ONLINE BANKING

Log In Here Need an Account? Click Here

triangle

SPFCU Disclosures

Truth in Savings Disclosure

Last Updated: 11/13/2013

REGULAR SHARE ACCOUNT

$PECIAL $HARE ACCOUNT

Rate Information:

The dividend rate and annual percentage yield may change every dividend period.  We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and crediting- Dividends will be compounded every month. Dividends will be credited to your account every month.

Dividend period- For this account type, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31.  All other dividend periods follow the same pattern of dates.  The dividend declaration date follows the ending date of the dividend periods, and for the above is January 31. 

If you close your account before dividends are paid, you will not receive the accrued dividends. 

Minimum balance requirements:

The minimum required to open this account is the purchase of a share in the credit union.  Please see the bylaw requirements in the Common Features section of the important information for our members disclosure. 

Average daily balance computation method- Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period.  The average daily balance calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.  The period we use is the monthly statement cycle. 

Accrual of dividends on noncash deposits- Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account. 

Transaction limitations:

The minimum credit union check withdrawal we allow is $20.00 per withdrawal. 

During any statement period, you may not make more than six withdrawals or transfers to another credit union account of your or to a third party by means of a preauthorized or automatic transfer, computer transfers, or telephonic order or instruction.  No more that three of the six transfers may be made by check, draft, debit card (if applicable), or similar order to a third party.  If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the credit union. 

Par value of a share:

The par value of a share in this account is $5.00.

Fees and charges:

Excess transaction fees of $2.00 per transaction may be charged for check withdrawals in excess of two per month and transfers in excess of two per month.  A minimum withdrawal fee of $2.00 will be charged for each withdrawal that is less than $20.00, and each transfer that is less than $100.00.

 

PASSPORTE CHECKING ACCOUNT

Minimum balance requirements:

The minimum balance required to open this account is $25.00.

Transaction limitations:

The minimum credit union transfer to the Share draft account is $100.00.

The minimum credit union check withdrawal we allow is$20.00 per withdrawal.

 

WEALTH BUILDER MONEY MARKET ACCOUNT

The Credit Union reserves the right, at its sole discretion, to refuse to open a Money Market account or accept any further deposits. 

Rate Information:

The dividend rate and annual percentage yield may change every month.  We may change the dividend the dividend rate for your account as determined by the credit union board of directors. 

Compounding and Crediting – Dividends will be compounded every month.  Dividends will be credited to your account every month.

Dividend Period -  For this account type, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period if January 31.  All other dividend periods follow this same pattern of dates.  The dividend declaration date is the last day of the dividend period, and for the example above January31.  If you close your account before dividends are paid, you will not receive the accrued dividends.

Minimum balance requirements:

The minimum balance required to open this account is $25,000.00. 

If this account falls below $25,000.00 the dividends paid on the account will be computed at a lower rate as declared by the Board of Directors. 

Average daily balance computation method - Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period.  The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.  The period we use is the monthly statement cycle.

Accrual of dividends on noncash deposits- Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations:

During any statement period, you may not make more than six withdrawals or transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer, computer transfers, or telephonic order or instruction. No transfers may be made by check, draft, debit card (if applicable), or similar order to a third party.  If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the credit union. 

Par value of a share:

The par value of a share in this account is $1.00.

Fee and changes:

An excess withdrawal fee of $20.00 will be charged for each withdrawal in excess of two during a month. 

 

IRA

Rate Information:

The dividend rate and annual percentage yield may change every dividend period.  We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and crediting – Dividends will be compounded every month.  Dividends will be credited to your account every month. 

Dividend Period – ­For this account type, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31.  All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is January 31.  If you close your account before dividends are paid, you will not receive the accrued dividends.

Minimum balance requirements:

The minimum balance required to open this account is $100.00

Average daily balance computation method - Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period.  The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.  The period we use is the monthly statement cycle.

Accrual of dividends on noncash deposits – Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account. 

Transaction limitations:

You may not make any withdrawals of transfers to another credit union account of yours or to a third party by means of a preauthorized or automatic transfer, telephonic order or instruction, or similar order to a third party.

 

CHRISTMAS CLUB ACCOUNT

Rate Information:

The dividend rate and annual percentage yield may change every dividend period.  We may change the dividend rate for your account as determined by the credit union board of directors.

Compounding and crediting – Dividends will be compounded every month.  Dividends will be credited to your account every month. 

Dividend Period – ­For this account type, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31.  All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period, and for the example above is January 31.  If you close your account before dividends are paid, you will not receive the accrued dividends.

Minimum balance requirements:

No minimum balance requirements apply to this account. 

Average daily balance computation method - Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period.  The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.  The period we use is the monthly statement cycle.

Accrual of dividends on noncash deposits – Dividends will begin to accrue on the business day you place noncash items (for example, checks) to your account.

Transaction limitations:

The maximum deposit we allow is $1,000.00 per month.

The minimum deposit we allow is $5.00 per deposit.

This account is subject to early withdrawal penalties and will automatically renew upon maturity.  Any withdrawal prior to maturity is subject to a $20.00 fee.

Withdrawals are limited to the balance in the account after being subject to the early withdrawal fee of $20.00.

Each participation year goes from November 2nd through November 1st of the following year.  You may sign up at any time during this period.  The balance in this account will be disbursed by check or transferred to your savings or checking between November 1st and November 15th. Please note that this account is on-going and automatically renews each year.  Your payroll deduction to the Christmas Club account will continue until you notify us to cancel.  Following maturity, we allow a 30-calendar day grace period to withdraw the balance without penalty. 

 

 

replica watches uk, rolex replica, replica watches

Privacy Statement

Last Updated: 6/28/2012
FACTS WHAT DOES SIERRA PACIFIC FEDERAL CREDIT UNION DO WITH YOUR PERSONAL INFORMATION?
Why? Financial companies choose how they share your personal information. Federal law gives consumersthe right to limit some but not all sharing. Federal law also requires us to tell you how we collect,share, and protect your personal information. Please read this notice carefully to understand what wedo.
What? The types of personal information we collect and share depend on the product or service you havewith us. This information can include: • Social Security number • Account balances • Payment history • Transaction or loss history • Credit history • Credit scores When you are no longer a member, we continue to share your information as described in this notice.
How? All financial companies need to share members' personal information to run their everyday business.In the section below, we list the reasons financial companies can share their members' personalinformation; the reasons Sierra Pacific Federal Credit Union chooses to share; and whether you canlimit this sharing.
Reasons we can share your personal information Does Sierra Pacific Federal Credit Union share? Can you limit this sharing?
For our everyday business purposes such as to process your transactions, maintain youraccount(s), respond to court orders and legalinvestigations, or report to credit bureaus Yes No
For our marketing purposes to offer our products and services to you No We don't share
For joint marketing with other financial companies Yes No
For our affiliates' everyday business purposes information about your transactions and experiences No We don't share
For our affiliates' everyday business purposes information about your creditworthiness No We don't share
For nonaffiliates to market to you No We don't share
Questions? Call 775-834-4579 or go to www.sierrapacificfcu.org
What We Do  
How does Sierra Pacific Federal Credit Union protect my personal information? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. We also maintain other physical, electronic and procedural safeguards to protectthis information and we limit access to information to those employees for whomaccess is appropriate.
   
How does Sierra Pacific Federal Credit Union collect mypersonal information? We collect your personal information, for example, when you:
• Open an account • Apply for a loan • Apply for financing • Give us your contact information • Show your driver's license We also collect your personal information from others, such as credit bureaus,affiliates, or other companies.
   
Why can't I limit all sharing? Federal law gives you the right to limit only • sharing for affiliates' everyday business purposes - information about yourcreditworthiness • affiliates from using your information to market to you • sharing for nonaffiliates to market to you State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.
Definitions  
Affiliates Companies related by common ownership or control. They can be financial andnon-financial companies. • Sierra Pacific Federal Credit Union has no affiliates.
Nonaffiliates Companies not related by common ownership or control. They can be financial andnon-financial companies. • Sierra Pacific Federal Credit Union does not share with nonaffiliates so theycan market to you.
Joint Marketing A formal agreement between nonaffiliated financial companies that together marketfinancial products or services to you. • Our joint marketing partners include The Hartford and CUNA
Other Important Information
For Alaska, Illinois, Maryland and North Dakota Members. We will not share personal information withnonaffiliates either for them to market to you or for joint marketing - without your authorization. For California Members. We will not share personal information with nonaffiliates either for them to market to you orfor joint marketing - without your authorization. We will also limit our sharing of personal information about you withour affiliates to comply with all California privacy laws that apply to us. For Massachusetts, Mississippi and New Jersey Members. We will not share personal information from deposit orshare relationships with nonaffiliates either for them to market to you or for joint marketing - without your authorization. For Vermont Members. We will not share personal information with nonaffiliates either for them to market to you orfor joint marketing - without your authorization, and we will not share personal information with affiliates about yourcreditworthiness without your authorization.

Check 21

Last Updated: 11/25/2009

Q. What is Check 21?
A. Check 21 is a new federal law that becomes official on October 28th, 2004.  Check 21 facilitates the broader use of electronic check processing.  Check 21 accomplishes this by authorizing a new negotiable instrument called a substitute check.

Q. What is a substitute check?
A.  A substitute check is simply a paper copy created from an electronic image of the original paper check (front and back, will all endorsements) and is suitable for automated processing in the same manner as the original paper check.  It's a legally sanctioned document with all the rights and obligations given to the original paper check written from your checkbook. 

Q. What does a substitute check look like?
A. A substitute check is a paper reproduction of a digital image of an original check.  Substitute checks contain an image of the front and back of the original check. 

Q. Will substitute checks be processed faster?
A. Check 21 may change the speed of processing that may result in funds being withdrawn from your account sooner than in today's environment.

Q. What happens to my original check?
A. In most cases, original paper checks will be destroyed once the check is imaged.  Check 21 does not regulate the retention of original paper checks.  Check retention time periods are set by the financial institution. 

Q. What if I need a copy of my cancelled check?
A.  Contact us and a substitute check will be provided.  A substitute check must be accepted as proof of payment. 

Q. What do I do if there is an error involving a substitute check? 
A. Immediately contact us if you suspect an error.  Check 21 requires that we provisionally recredit your account. We will send a disclosure statement soon with more precise details on your legal rights and how to make a claim.

Q.  What are the consumer protections?
A.  The consumer protections provisions contained in Check 21 are called "expedited recredit" provisions and pertain specifically to substitute checks.  The expedited recredit provisions provide you with a mechanism to make a claim when you feel that a substitute check was wrongfully charged against your account.  There are specific steps you must follow when making the claim, and there are certain steps for the credit union to follow, as well as timetables built in for addressing your claim.

Q. How much time do I have to report a suspected error?
A. You have 40 calendar days form the later of two dates- either the date when your statement was delivered or 40 calendar days from the date the suspect substitute check was made available to you.

Q.  How much time does a credit union have to address my claim?
A. Check 21 requires our credit union to recredit your account no later than the end of the business day following the business day on which our credit union determined that your claim was valid or on the then business day if our credit union has not yet determined the validity of your claim.

Q. Does Check 21 preempt state law?
A. Yes. Check 21 is a federal law that supersedes any state law.

Q: Am I allowed to "opt out" of Check 21?
A:  No. Once Check 21 legislation goes into effect on October 28, 2004, it will apply to all financial institutions and their customers.  There will be no "opt out" exceptions.

Q: Does Check 21 apply to business checking accounts?
A: Yes. Check 21 applies to all types of checks -consumer, business, traveler's and U.S. treasury checks. 

 

Product Finder