12 CFR § 713.1 - What is the scope of this section?

---
identifier: "/us/cfr/t12/s713.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 713.1 - What is the scope of this section?"
title_number: 12
title_name: "Banks and Banking"
section_number: "713.1"
section_name: "What is the scope of this section?"
chapter_name: "NATIONAL CREDIT UNION ADMINISTRATION"
subchapter_number: "A"
subchapter_name: "REGULATIONS AFFECTING CREDIT UNIONS"
part_number: "713"
part_name: "FIDELITY BOND AND INSURANCE COVERAGE FOR FEDERALLY INSURED CREDIT UNIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1761a, 1761b, 1766(a), 1766(h), 1789(a)(11)."
regulatory_source: "64 FR 28720, May 27, 1999, unless otherwise noted."
cfr_part: "713"
---


# 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.

[84 FR 35524, July 24, 2019]