Credit Union Insurance Advisory
Your Board Has a Responsibility.
This is How You Meet It With Confidence.
Federal law requires your board to review your credit union’s insurance program annually.
That review needs to be independent — not just a conversation with the agent who placed the coverage.
Dan Weedin provides exactly that: an objective, expert assessment your leadership can stand behind.
What Clients Say...
“Dan’s work was thorough, and easy to understand. We felt confident that the analysis was objective and that our best interests were a priority. As a result of this engagement, we gained greater assurance that our program was properly structured and fairly priced.”
Patrick Ryan, CFO – Franklin Mint Federal Credit Union
Credit Union Boards Are Required to Review Coverage Every Year.
FEDERAL REGULATION — NCUA §713.2
“The board of directors of each federally insured credit union must at least annually review its fidelity and other insurance coverage to ensure that it is adequate in relation to the potential risks facing the federally insured credit union and the minimum requirements set by the NCUA Board.” — 12 CFR Part 713
That review carries real weight. If coverage is found deficient during an NCUA examination, the consequences range from required corrective action to, in serious cases, jeopardizing your share insurance status. This isn’t a formality — it’s a fiduciary responsibility.
Most credit unions conduct that review with the same agent or broker who placed the coverage. That’s not independent. And independent is exactly what the spirit of the regulation calls for.
What an Independent Review Actually Looks Like
No Conlict of Interest
Dan is an independent expert. He earns no commissions and has no relationship with the insurance companies. His only obligation is to your credit union and your board.
Coverage Analysis
Fidelity Bond, Directors & Officers, Cyber, General Liability, Commercial Property, and other policies are reviewed against your actual risk profile.
This Isn’t About Replacing Your Agent or Company
An independent review doesn’t mean disrupting your existing relationships.
In most cases, Dan works alongside your current agent and carriers. His role is to confirm your coverage is doing what you think it is, identify any gaps, and give your board the confidence to sign off on the annual review with something more than a rubber stamp.
If the program is solid, you’ll know that — and you’ll have documentation to prove it. If there are gaps, you’ll know that too, before your next examination does.
We engaged Dan Weedin to perform a comprehensive review of our insurance program to assess pricing competitiveness and ensure our coverages were appropriate.
Dan’s work was thorough, and easy to understand. We felt confident that the analysis was objective and that our best interests were a priority. As a result of this engagement, we gained greater assurance that our program was properly structured and fairly priced.
We are very satisfied with the level of service provided, would readily recommend his services to others, and look forward to working with him again in the future.
Nearly 40 Years of Experience
Dan Weedin is an independent insurance and risk management consultant. In his advisory work with credit unions, he accepts no commissions or referral fees from carriers. His only client is your credit union, and his only interest is making sure your program is properly structured, competitively priced, and genuinely adequate for the risks you face.
He holds the Certified Insurance Counselor (CIC) and Certified Risk Manager (CRM) designation and serves as faculty for Risk & Education Alliance. He has spent nearly four decades in insurance — spanning underwriting, commercial consulting, and independent advisory work — and has been running his own firm, Emerging Risk Solutions, since 2005.
Ready to Give Your Board a Straight Answer?
Start with a 20-minute conversation about your current program and what an independent review would involve. No cost, no pressure beyond that call.
