Oregon Fidelity Bonds for Credit Unions

Oregon credit unions must maintain fidelity coverage or an accepted letter of credit for fraud and dishonesty risks, with minimums that rise by asset band. Ask the Division of Financial Regulation which statutory asset band currently applies to your institution.

What Is Fidelity Bonds?

Fidelity coverage can reimburse certain losses when employees steal money or property they handle. If employees manage company funds, customer property or benefit-plan assets, identify each owner and compare the required protection for each interest. Read the national Fidelity bonds guide.

Oregon Fidelity Bonds Requirements

Requirement	Details
State bond requirement	Required; asset-based minimum under ORS 723.122 ¹

What Should You Watch for With Fidelity Bonds in Oregon?

Check Who the Bond Protects
Oregon permits a letter of credit in place of a bond under its law. Confirm the state option also satisfies federal requirements if your credit union is federally insured. Ask the regulator or appointing institution to confirm who receives payment after a covered loss; a required bond may protect a client or institution rather than reimburse your company. ^1,²
Match the Bond to Covered Roles
Oregon credit unions must maintain fidelity coverage or an accepted letter of credit for fraud and dishonesty risks, with minimums that rise by asset band Ask for the named insured, covered people, dishonesty definition, and claim notice rules in the bond form before relying on it for employee access to money or client property. ¹
Separate the Bond from Your Crime Policy
Oregon’s rule sets a specific bond obligation for credit unions. Ask the agent to compare that bond with first-party employee-theft, forgery, funds-transfer, and computer-fraud coverage; confirm whether the bond limit can be used for your own loss. Oregon permits a letter of credit in place of a bond under its law. Confirm the state option also satisfies federal requirements if your credit union is federally insured.. ^1,²

Which Fidelity Bonds Providers Have Oregon License Records?

These providers publish a national listing for Fidelity bonds; the license records below name the licensed entities and roles. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in Oregon. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

TechInsurance
Insurance producer · checked 2026-09-28
Specialty Program Group LLC
TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map. ¹⁵
TechInsurance arranges fidelity bonds addressing employee theft from clients.
Vouch
Insurance producer, Surplus-lines broker · checked 2026-09-28
Vouch Specialty Insurance Services, LLC
Vouch’s licenses page, effective January 16, 2025, lists producer licenses in all 50 states and DC. Its separate surplus-lines table includes Idaho number 870820, while a footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses. Because those statements conflict for Idaho, this record keeps Idaho producer-only and does not treat the table number as established agency surplus-lines authority. The page is company-reported and does not establish product availability. ¹⁶
Vouch lists fidelity bonds among its core protections for financial-services businesses.

Who Regulates Insurance in Oregon?

Oregon Division of Financial Regulation

DFR handles complaints about most insurance lines and provides Oregon license checks for agents, agencies, and insurers. You can use its consumer complaint form if an insurer or agent is not following Oregon law or rules. ^3,^4,⁵

Website: Regulator website
License lookup: Search licensed producers
Complaints: File a complaint

Surplus-Lines Tax and Stamping Office in Oregon

Reported tax rate. 2% of Oregon-home-state gross premiums, plus 0.3% on premium or fees for fire marshal ^6,^7,^8,⁹

For Oregon-home-state risks, the surplus-lines licensee must collect a 2% tax on gross premiums and a 0.3% fire-marshal tax on premium or fees, in addition to the premium. Oregon requires the policy to warn that losses will not be paid by the state guaranty fund; the exempt-commercial-purchaser search exception requires admitted-market disclosure and a written request.

Surplus Line Association of Oregon

What Should You Ask Before Buying Fidelity Bonds in Oregon?

Which statute or regulator rule makes this bond mandatory for my credit unions business in Oregon?
Who is protected by the required bond, and are all employees, agents, officers, or committee members with access to funds included?
How did you calculate the required limit for my charter, assets, premiums, or staffing structure?
What claim notice, cancellation notice, and replacement-filing deadlines apply to this bond?

Fidelity Bonds in Oregon: Frequently Asked Questions

Is a fidelity bond required for credit unions in Oregon?

Yes. Oregon credit unions must maintain fidelity coverage or an accepted letter of credit for fraud and dishonesty risks, with minimums that rise by asset band. Ask the Division of Financial Regulation which statutory asset band currently applies to your institution. ¹

How much fidelity coverage does Oregon require?

Required; asset-based minimum under ORS 723.122. Oregon permits a letter of credit in place of a bond under its law. Confirm the state option also satisfies federal requirements if your credit union is federally insured. ^1,²

Sources for Fidelity Bonds in Oregon

1
Oregon Revised Statutes § 723.122. Oregon Legislative Assembly; Credit-union fidelity bond or letter of credit and minimum limits. Accessed 2026-09-29.
2
12 CFR § 701.20. National Credit Union Administration; Federal bond coverage minimums. Accessed 2026-09-29.
3
oregon insurance regulator. State insurance regulator; DFR homepage identifies consumer, licensing, and complaint services. Accessed 2026-09-28.
4
DFR Check a License. State insurance regulator; Insurance industry section links Oregon agent, agency, and company license-status search in NAIC SBS. Accessed 2026-09-28.
5
DFR File a Complaint. State insurance regulator; Online insurance complaint form; DFR says it can review whether a company or agent follows Oregon law and rules. Accessed 2026-09-28.
6
Oregon Revised Statutes §735.470. Oregon Legislature; Subsections (1)(a)–(c), (4): 2% on Oregon-home-state gross premiums plus 0.3% of premium or fees for fire marshal; licensee collects taxes in addition to premium. Accessed 2026-09-28.
7
Oregon Revised Statutes §§735.405, 735.410, 735.470. Oregon Legislature; ORS 735.470(1)(a) taxes Oregon-home-state risks; ORS 735.418 authorizes interstate allocation procedures. Accessed 2026-09-28.
8
Surplus Lines Insurance. Oregon Division of Financial Regulation; Page states surplus-lines insurance through a nonlicensed insurer is not protected by the Oregon Insurance Guaranty Association. Accessed 2026-09-28.
9
Oregon Revised Statutes §§735.405, 735.410 and 735.415. Oregon Legislature; 2025 Edition online text: §§735.405(6), 735.410(1)–(2), 735.415(1)(b)–(2); current chapter text includes the ECP definition, diligence rule, disclosure/written-request exception, and policy warning against guaranty fund coverage. Accessed 2026-09-28.
10
Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
11
Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
12
Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
13
About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
14
Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
15
Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
16
Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Oregon Fidelity Bonds for Credit Unions

What Is Fidelity Bonds?

Oregon Fidelity Bonds Requirements

What Should You Watch for With Fidelity Bonds in Oregon?

Check Who the Bond Protects

Match the Bond to Covered Roles

Separate the Bond from Your Crime Policy

Which Fidelity Bonds Providers Have Oregon License Records?

TechInsurance

Vouch