Tennessee Fidelity Bonds for Credit Unions

Tennessee credit unions must maintain a blanket fidelity bond; the state’s bylaws set a first-year floor and then base the required amount on assets, subject to a cap unless the insurer requires more. Ask the Department of Financial Institutions to verify your current year’s amount.

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.

Tennessee Fidelity Bonds Requirements

Requirement	Details
State bond requirement	Year one: $1,000 minimum; thereafter 30% of true assets; $1 million cap unless insurer requires more ¹

What Should You Watch for With Fidelity Bonds in Tennessee?

Check Who the Bond Protects
Tennessee’s percentage-of-assets formula can change the limit at each annual review. Reconcile state bylaws with NCUA’s minimum if your shares are 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
Tennessee credit unions must maintain a blanket fidelity bond; the state’s bylaws set a first-year floor and then base the required amount on assets, subject to a cap unless the insurer requires more 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
Tennessee’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. Tennessee’s percentage-of-assets formula can change the limit at each annual review. Reconcile state bylaws with NCUA’s minimum if your shares are federally insured.. ^1,²

Which Fidelity Bonds Providers Have Tennessee 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 Tennessee. 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. ¹³
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. ¹⁴
Vouch lists fidelity bonds among its core protections for financial-services businesses.

Who Regulates Insurance in Tennessee?

Tennessee Department of Commerce and Insurance

TDCI regulates and licenses insurance companies, agents, brokers, surplus-lines agents, and public adjusters. Its complaint process accepts complaints about agents or companies when the policy was written in Tennessee, and its property/casualty unit reviews filed policy rates, rules, and forms. ^3,^4,⁵

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

Surplus-Lines Tax and Stamping Office in Tennessee

Reported tax rate. 5% of gross premium plus 0.175% SLAS transaction fee ^6,⁷

For Tennessee-home-state surplus-lines policies, TDCI lists a 5% tax on gross premium and a 0.175% SLAS transaction fee on gross premium; the agent receives an invoice and pays both through SLIP. The sources reviewed do not establish that the fee is always separately charged to the policyholder or resolve guaranty-association treatment, so ask your broker to itemize charges and review the policy notice.

What Should You Ask Before Buying Fidelity Bonds in Tennessee?

Which statute or regulator rule makes this bond mandatory for my credit unions business in Tennessee?
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 Tennessee: Frequently Asked Questions

Is a fidelity bond required for credit unions in Tennessee?

Yes. Tennessee credit unions must maintain a blanket fidelity bond; the state’s bylaws set a first-year floor and then base the required amount on assets, subject to a cap unless the insurer requires more. Ask the Department of Financial Institutions to verify your current year’s amount. ¹

How much fidelity coverage does Tennessee require?

Year one: $1,000 minimum; thereafter 30% of true assets; $1 million cap unless insurer requires more. Tennessee’s percentage-of-assets formula can change the limit at each annual review. Reconcile state bylaws with NCUA’s minimum if your shares are federally insured. ^1,²

Sources for Fidelity Bonds in Tennessee

1
Credit Union Bylaws. Tennessee Department of Financial Institutions; Fidelity bond amount and annual adjustment. Accessed 2026-09-29.
2
12 CFR § 701.20. National Credit Union Administration; Federal credit-union bond rules. Accessed 2026-09-29.
3
tennessee insurance regulator. State insurance regulator; TDCI official insurance-division and consumer pages describe department scope, review units and complaint role. Accessed 2026-09-28.
4
TDCI Agent/Producer Resources. State insurance regulator; Agent Licensing Section licenses producers, business entities, surplus-lines agents, brokers, and public adjusters; page links to Verify License. Accessed 2026-09-28.
5
File an Insurance Complaint. State insurance regulator; TDCI accepts online complaints about insurers and agents only for policies written in Tennessee; third-party claimants are directed to call. Accessed 2026-09-28.
6
Surplus Lines Filing Procedures. Tennessee Department of Commerce and Insurance; Tax Payments section: 5% gross premium plus .175% of gross premium SLAS transaction fee; agents receive quarterly invoices and pay via ACH in SLIP. Accessed 2026-09-28.
7
Tennessee Public Chapter 446 (2011), T.C.A. §56-14-113. Tennessee Secretary of State; Current tax framework enacted in §56-14-113: 5% applies when Tennessee is the insured’s home state; tax collected from insured in addition to premium. Read with current TDCI filing-procedure page for current fee and SLIP handling. Accessed 2026-09-28.
8
Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
9
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.
10
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.
11
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.
12
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.
13
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.
14
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.

Tennessee Fidelity Bonds for Credit Unions

What Is Fidelity Bonds?

Tennessee Fidelity Bonds Requirements

What Should You Watch for With Fidelity Bonds in Tennessee?

Check Who the Bond Protects

Match the Bond to Covered Roles

Separate the Bond from Your Crime Policy

Which Fidelity Bonds Providers Have Tennessee License Records?

TechInsurance

Vouch