[Code of Federal Regulations]

[Title 12, Volume 6]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR713.1]



[Page 530]

 

                       TITLE 12--BANKS AND BANKING

 

            CHAPTER VII--NATIONAL CREDIT UNION ADMINISTRATION

 

PART 713_FIDELITY BOND AND INSURANCE COVERAGE FOR FEDERAL CREDIT UNIONS

--Table of Contents

 

Sec. 713.1  What is the scope of this section?









Sec.

713.1 What is the scope of this section?

713.2 What are the responsibilities of a credit union's board of 

          directors under this section?

713.3 What bond coverage must a credit union have?

713.4 What bond forms may be used?

713.5 What is the required minimum dollar amount of coverage?

713.6 What is the permissible deductible?

713.7 May the NCUA Board require a credit union to secure additional 

          insurance coverage?



    Authority: 12 U.S.C. 1761a, 1761b, 1766(a), 1766(h), 1789(a)(11).



    Source: 64 FR 28720, May 27, 1999, unless otherwise noted.





    This section provides the requirements for fidelity bonds for 

Federal credit union employees and officials and for other insurance 

coverage for losses such as theft, holdup, vandalism, etc., caused by 

persons outside the credit union.