12 CFR 741.201
§ 741.201 Minimum fidelity bond requirements.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 741.201, § 741.201 Minimum fidelity bond requirements, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48734
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Full text
(a) Any credit union which makes application for insurance of its accounts pursuant to title II of the Act must possess the minimum fidelity bond coverage stated in §§ 713.3, 713.5, and 713.6 in order for its application for such insurance to be approved and for such insurance coverage to continue. A federally insured credit union whose fidelity bond coverage is terminated shall mail notice of such termination to the Regional Director not less than 35 days prior to the effective date of such termination.
(b) Corporate credit unions must comply with § 704.18 of this chapter in lieu of part 713 of this chapter.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.