Listing of Approved Fidelity Bonds

Any bond sold in Iowa must be approved for sale in the State of Iowa by the Iowa Insurance Commissioner; and specify in the bond, or by endorsement or addendum page, that the company will provide written notice to the Iowa Credit Union Division of any cancellation or non-renewal, change in deductible, or change or limitation of coverage, either in it entirety or individually as to a credit union director, official or employee, whether initiated by the underwriter or the insured.

The Iowa Division of Credit Unions follows the minimum coverage and deductible limits for federal credit unions which are established in the NCUA Rules and Regulations.  Iowa Code Section 533.308 provides more detailed information on the requirements of fidelity bond coverage for Iowa state-chartered credit unions.  The following listing is current as of February 2014.

Carrier Credit Union Bond Form Number
Berkley Regional Insurance Co. (Fin Secure) Form 70 00 0610
Colonial American Casualty & Surety Co. (Zurich North America) Form F2350
Chubb Indemnity Insurance Company or Chubb National Insurance Company Form 17-02-1834
Cincinnati Insurance Company Credit Union Blanket Bond No 103 05 06
Continental Casualty Company (CNA)

Financial Institutions Bond for Credit Unions

Form GSL55979XX (0212013)

CUMIS Insurance Society Inc. or CUMIS Specialty Insurance Company, Inc.
  • Form 500
  • Form 500 001 
  • Form 500 02 
  • Form 500 03
  • Form 500 05
  • Form 500 05 13
  • Form 577
  • Form 578
  • Form 602
  • Form 603
  • Form 605 
Fidelity & Deposit Co. of Maryland (Zurich North America) Form F2350
Insurance Services Office, Inc. (ISO)

Financial Institution Crime Policy for Credit Unions

  • FI 00 17 (Non-aggregate Form) 
  • FI 00 18 (Aggregate Form)
National Union Fire Insurance Co. of Pittsburgh, PA AIG 23
Prosight Specialty Insurance (Southwest Marine and General Insurance Company) Fidelity Bond Form FB 00 01 0213
Travelers Casualty and Surety Company (formally St. Paul Fire and Marine Insurance Co.)
  • Form CUB-3001 (0112012)
  • Form 40325 (11/1996)

Printed from the website on January 20, 2021 at 6:48am.