law: Co-Operative Societies Act 2008 
  8.
  
  Minimum amount of fidelity bond
  1.      For the purposes of
  
  section 87 of the Act, a blanket security or fidelity bond shall be given by
  
  all officers including the President, Vice-President, Secretary, Treasurer,
  
  Secretary-Treasurer, Manager and any other authorized signing officer, and
  
  every employee of the society.
  2.      In respect of the
  
  credit union the minimum amount of security or fidelity bond required is
  
  $50,000.
  3.      In respect of other
  
  co-operative societies the minimum amount of the security or fidelity bond is—
  a.     
  
    $1,000
  
  in the case of a society with sales or revenue not exceeding $25,000 per year;
  b.    
  
    $2,000
  
  in the case of a society with sales or revenue greater than $25,000 but not
  
  exceeding $100,000 per year; and
  c.     
  
    $5,000
  
  in the case of a society with sales or revenue greater than $100,000 per year.