# Fidelity Bonds
> **US National Credit Union Administration** · Final rule. · Published 2019-07-24 · Effective 2019-10-22 · 84 FR 35517
## Document
- **Document number:** 2019-15709
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 84 FR 35517
- **CFR reference:** 12 CFR 704
- **Publication date:** 2019-07-24
- **Effective date:** 2019-10-22
## Abstract

The NCUA Board (Board) is finalizing a rule that amends its regulations regarding fidelity bonds for corporate credit unions and natural person credit unions. The rule strengthens a board of directors' oversight of a federally insured credit union's (FICU) fidelity bond coverage; ensures an adequate period to discover and file fidelity bond claims following a FICU's liquidation; codifies a 2017 NCUA Office of General Counsel legal opinion that permits a natural person credit union's fidelity bond to include coverage for certain credit union service organizations (CUSOs); and addresses Board approval of bond forms.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2019/07/24/2019-15709/fidelity-bonds)
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