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This insurance is compulsory for Credit Unions, as set out in CREDS 4.4 - Insurance against fraud or other dishonesty
This means any act or acts of fraud or dishonesty committed by any officers or employees (this includes volunteers) of the Credit Union. Referred to in our policy as Internal Crime.
There is a 1% policy excess.
It is possible to extend this cover to include ‘External Crime’.
Excesses for this extension are variable.