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 […]
How do I know how much deposit insurance I qualify for?
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 […]
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 […]
Can I transfer money from another bank to my Sierra account?
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 […]
How do I make a loan payment?
There are lots of options for making your loan and credit card payments. Set up Direct Deposit Use an External Bank Account to schedule Automatic Transfers Use our Payment Portal to make one-time or automatic payments with a debit card or external bank account. There’s a small fee for this service. Mail a check Stop […]
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