Westfield Insurance is introducing a specialty fidelity bond program targeting credit unions. The filing, submitted on May 5, 2026, includes a new fidelity bond coverage form, declarations, application, and dozens of endorsements tied to financial institution risks.

The product is designed to complement Westfield’s broader financial institutions offering and does not replace any previously approved forms in the state. According to the filing, the program covers a wide range of risks including employee and director dishonesty, funds transfer fraud, electronic crime, ransomware, extortion, counterfeit instruments, fraudulent deposits, ATM-related theft, and mortgage loan documentation fraud.

The filing also includes endorsements addressing social engineering, ATM malware cash-outs, third-party vendor theft, safe deposit boxes, audit expenses, crisis management, and fraudulent ACH debits. Several endorsements allow insureds to amend employee definitions, impose retroactive date exclusions, or add sublimits and deductibles for specified entities.

The fidelity bond form contains coverage extensions for cyber-related financial crime exposures, including fraudulent email or telephonic transfer instructions, denial of service attacks, ransomware, and unauthorized system access leading to fraudulent loan activity.