[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: 12CFR713.3]



[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. 713.3  What bond coverage must a credit union have?



    At a minimum, your bond coverage must:

    (a) Be purchased in an individual policy from a company holding a 

certificate of authority from the Secretary of the Treasury; and

    (b) Include fidelity bonds that cover fraud and dishonesty by all 

employees, directors, officers, supervisory committee members, and 

credit committee members.