12 C.F.R. § 713.7

May the NCUA Board require a federally insured credit union to secure additional insurance coverage?

Last amended: 2019Year: 2026Length: 41 wordsOfficial source

Cite as 12 C.F.R. § 713.7 (2026)

The NCUA Board may require additional coverage when the NCUA Board determines that a federally insured credit union's current coverage is inadequate. The federally insured credit union must purchase this additional coverage within 30 days. [84 FR 35525, July 24, 2019]
12 C.F.R. § 713.7: May the NCUA Board require a federally insured credit union to secure additional insurance coverage? | Justis AI