Cash Policy

Identify how cash will be handled and the permissible amount to be held on the credit union’s premises. The amount of cash in teller drawers, vaults, etc. must be based on the bonding limits from an approved bond company. See NCUA regulations § 713.5, What is the required minimum dollar amount of coverage? for more information on the minimum bond coverage required.

Having a cash operation has Bank Secrecy Act implications, such as filing of Currency Transaction Reports (CTR) and Suspicious Activity Reports (SAR), which should be further addressed in the proposed federal credit union’s Bank Secrecy Act (BSA) policy.

Last updated on March 30, 2026