NAICS UNIVERSITY · Free research for insurance agents
Credit Unions
NAICS 522130 · United States · 2022 edition
This industry comprises establishments primarily engaged in accepting members' share deposits in cooperatives that are organized to offer consumer loans to their members.
Start the review with employee dishonesty and financial institution crime.
For Credit Unions, the saved research highlights employee dishonesty and financial institution crime, directors and officers liability, cyber liability. Confirm how these arise in the actual operation, what controls are used and whether additional services change the proposed coverage.
Questions to ask
- What is the credit union's total asset base and number of branch locations?
- Does the credit union offer online banking, mobile banking, or ACH origination services — and what cybersecurity controls are in place?
- Has there been any prior fidelity, D&O, or cyber claim activity in the past five years?
- Are there any outstanding or recent NCUA examination findings or regulatory actions?
- Does the credit union offer investment products, retirement accounts, or employee benefit plans that may trigger fiduciary liability?
- For Credit Unions, what should the underwriter know about prior fidelity or employee dishonesty losses, particularly involving management personnel?
- For Credit Unions, what should the underwriter know about adverse regulatory examination findings or consent orders from the ncua or state equivalent?
- For Credit Unions, what should the underwriter know about significant concentration in higher-risk loan categories such as unsecured consumer lending or subprime auto?
Activities described by this code
Other activities to examine
Census classification reference
For educational purposes only. AI-generated insurance research and automated logic can contain errors. Independently verify classification and coverage decisions.
Compare another operationInsurance operations research — draft
Credit unions are member-owned cooperative financial institutions that accept share deposits and provide consumer loans, auto loans, mortgage products, and related financial services to their membership. Day-to-day operations typically include teller transactions, loan originations and servicing, ATM and digital banking services, and member account management — often from one or more branch locations.
Questions to investigate
- What is the credit union's total asset base and number of branch locations?
- Does the credit union offer online banking, mobile banking, or ACH origination services — and what cybersecurity controls are in place?
- Has there been any prior fidelity, D&O, or cyber claim activity in the past five years?
- Are there any outstanding or recent NCUA examination findings or regulatory actions?
This insurance research was generated in April 2026. It has not received a complete human review. The October 12, 2026 audit checked codes and titles only, not descriptions or coverage assertions.