CREDIT UNION PACKAGE
OF PROTECTION - CUPOP
Innovative Credit Union program designed to protect your business, your assets and your people.
The Credit Union Package of Protection (CUPOP) is a tailored, multi-line insurance programme specifically designed for credit unions. It brings together Fidelity Bond, Directors & Officers, Commercial, and Liability cover into one coordinated package - eliminating costly gaps or duplications that arise when policies are sourced separately. CMutual's deep understanding of the credit union sector means every element of CUPOP is structured around the specific risks credit unions face.
Who is this product for?
CUPOP is designed for Irish credit unions of all sizes. It is particularly suited to credit unions that want a single, coordinated insurance solution reviewed and managed by one specialist broker - rather than managing multiple separate policies with different insurers and renewal dates. It can be taken as a full package or in modular form depending on existing arrangements.
What does this product cover?
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FIDELITY BOND - protection against fraud, dishonesty, and theft by employees or officers of the credit union
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DIRECTORS & OFFICERS - cover for individual directors, officers, and committee members against claims arising from their actions in their roles, including employment practices, regulatory breaches, reporting errors, data breaches, and decisions made beyond their authority
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COMMERCIAL - property damage (buildings and contents), all-risks cover, engineering, business interruption (additional expenses and loss of revenue), computer insurance, motor contingency, and personal accident cover
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LIABILITY - Employer Liability, Employment Practices Liability, Public Liability, and Professional Indemnity
What is not covered?
As with all insurance products, exclusions and limitations apply. Key exclusions include:
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Risks or lines of cover not included within the specific CUPOP policy arranged for your credit union
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Claims arising from intentional or criminal acts by insured individuals (subject to policy terms)
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Losses arising from risks that were not disclosed at the time of application
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Full exclusions and conditions are set out in the policy documentation provided at quotation stage - please read your policy carefully
How does it work?
CMutual works with your credit union to assess your specific risk profile, existing cover arrangements, and any gaps or duplications in your current programme. We then design a CUPOP policy that reflects your actual needs - combining cover from our panel of underwriters (Allianz Ireland plc for General Insurance; AIG Europe S.A. for Fidelity Bond and D&O) into a single, efficient package. Annual review is built into the programme to ensure your cover evolves as your credit union grows.
Who underwrites this product?
General Insurance within CUPOP is underwritten by Allianz Ireland plc (Registered in Ireland, No. 143108). Fidelity Bond and Directors & Officers cover is underwritten by AIG Europe S.A. (Registered in Ireland, No. 908876). Full details are provided in your policy schedule.
How are we paid?
CMutual earns commission and/or administration fees for arranging and managing your insurance, included within the premium. Full details are available in our Terms of Business.
Get in touch
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To find out more or to request a quotation, contact our team:
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Phone: +353 1 5533500
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Email: [email protected]
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Or use the contact form on this page
CMutual arranges insurance on a limited analysis of the market basis. We work with a defined panel of underwriters and do not compare all products available in the wider market. No cover is in place until a policy schedule has been issued to you in writing. Full details are in our Terms of Business.