Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 12 - Banks and Banking |
Chapter VII - National Credit Union Administration |
SubChapter A - Regulations Affecting Credit Unions |
Part 713 - Fidelity Bond and Insurance Coverage for Federal Credit Unions |
§ 713.1 - What is the scope of this section?
Latest version.
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§ 713.1 What is the scope of this section?
This section provides the requirements for fidelity bonds for Federal federally insured 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. Federally insured, state-chartered credit unions are required by § 741.201 of this chapter to comply with the fidelity bond coverage requirements of this part. Corporate credit unions must comply with § 704.18 of this chapter in lieu of this part.
[84 FR 35524, July 24, 2019]