OAR 441-720-0160: Fidelity Bond Coverage for Corporate Credit Union

A corporate central credit union referred to in ORS 723.730, shall: (1) On and following January 1, 1998, meet the requirements of 12 CFR 704.18.7, Fidelity Bond Coverage, except as provided in section (2) of this rule. (2) For the purpose of meeting Oregon requirements for fidelity bond coverages, all references to the “National Credit Union Administration” or “NCUA” in section (1) and (2) of this rule shall mean the Director of the Department of Consumer and Business Services acting through the Administrator of the Division of Financial Regulation.