[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: 12CFR713.2]



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

of directors under this section?



    The board of directors of each Federal credit union must at least 

annually review its fidelity and other insurance coverage to ensure that 

it is adequate in relation to the potential risks facing the credit 

union and the minimum requirements set by the Board.



[64 FR 28720, May 27, 1999, as amended at 64 FR 57365, Oct. 25, 1999]