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?
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 […]
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 […]