§ 31601. Share insurance

§ 31601. Share insurance (a) Every credit union authorized to do business in this State under this title shall insure its members’ shares with the National Credit Union Administration (NCUA) or the successor to that federal agency. (b) A credit union insured under this section shall have the duty and power to comply with all […]

§ 31602. Bonds and insurance

§ 31602. Bonds and insurance (a) Every credit union authorized to do business in this State under this title shall acquire and maintain a blanket fidelity bond covering the directors, officers, employees, members of official committees, attorneys at law, and other agents with protection against loss caused by dishonesty, burglary, robbery, larceny, theft, holdup, forgery […]