R20-4-401. Fidelity Bond Coverage

A. A credit union shall have a fidelity bond in the form and in the amount required to maintain federal insurance on its accounts. B. A fidelity bond purchased by a credit union to comply with this Section shall include faithful-performance-of-duty coverage. C. A credit union shall purchase its fidelity bond from an insurer that holds a certificate of authority from the Director to transact surety business in Arizona.