12 C.F.R. § 713.1
What is the scope of this section?
This section provides the requirements for fidelity bonds for 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.
Notes of Decisions
Cited in 2
cases, 2003–2017 · leading case: Futrell v. Dep't of Labor Fed. Credit Union, 816 A.2d 793 (D.C. 2003).
Futrell v. Dep't of Labor Fed. Credit Union, 816 A.2d 793 (D.C. 2003). “As a result of the termination of her bond coverage, Kravetz terminated Futrell on the same day, basing his decision on the fact that federal regulations require that federal credit unions only employ persons who are bonded pursuant to 12 C.”
Easaw v. Newport, 253 F. Supp. 3d 22 (D.D.C. 2017). “at 801 (citing 12 C.F.R. §§ 713.1 , 713.3 (2002)). Following her termination, the plaintiff brought suit against the President of DOLFCU’s Board and the bonding company, claiming, among other things, tortious interference with her employment rights.”
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