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Master Bond Program

The Master Bond Program is a core offering by Stabilization Central that provides insurance to BC credit unions against fidelity crimes, fraud, and other risks.

With competitive premiums, the Master Bond Program carries excess insurance of $60M/$120M in accordance with the Canada Mortgage and Housing Corporation’s (CMHC) requirements for securitized portfolios.

How It Works

The Master Bond Program by Stabilization Central operates as a bundled insurance solution, designed to protect credit unions from various operational risks. Key features include:

  • Bundled Coverage:
    Covers employee dishonesty, external fraud, cyberattacks, and professional liability under a single policy.
  • Streamlined Risk Management:
    Centralizes multiple types of coverage into one package, making it easier for credit unions to manage.
  • Simplified Claims Process:
    Provides support and efficient claims handling, minimizing disruptions to credit union operations.

Credit unions gain comprehensive protection with an easy-to-manage approach.

Advantages of the Master Bond Program

The Master Bond Program offers several key advantages for credit unions:

  • Cost Efficiency:
    Bundled coverage reduces costs compared to purchasing individual policies.
  • Easy Administration:
    One provider handles all coverage types, saving time and resources.
  • Regulatory Compliance:
    Helps credit unions meet financial protection and regulatory standards.
  • Access to Expertise:
    Includes guidance from industry specialists in managing credit union-specific risks.
  • Computer Crime Risk Coverage:
    Offers protection against modern threats like data breaches and cyberattacks.

Have a question about the Master Bond Program?

Our dedicated team would love to hear from you. Email us or call us at (604) 730-5107.

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