"Over the past decade, credit unions rapidly expanded their services in response to demands from their members. The broadening of financial services makes them very competitive, but it also widens their exposure to fraud, cyber crime, employee dishonesty, forgery and other risks?any of which can place a credit union in financial jeopardy," said Jeff Brown, credit union product manager in Chubb's Department of Financial Institutions.

"Our ability to provide multiple lines of insurance coverage uniquely positions us to provide risk management solutions to credit unions," he said.

ForeFront Security by Chubb?Credit Union Bond is the latest in a series of ForeFront products customized to specific financial services segments. Chubb said its financial institution underwriters tailored the bond to specifically address the exposures that threaten credit unions.

Jim Bronner, head of DFI said credit unions will also have access to Chubb's comprehensive suite of products for financial institutions, such as its professional liability ForeFront insurance policy, which includes employment practices liability, fiduciary liability, directors and officers liability, outside directorship liability, errors and omissions liability, and lending liability; CyberSecurity by Chubb for Financial Institutions; Customarq, a Chubb property-casualty package policy; as well as other general insurance products such as auto, workers' compensation, and umbrella coverage.