[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.