All post quartermasters must be bonded through the VFW or a private entity (Insurance Company etc.). Please do not confuse theft versus employee dishonesty/embezzlement on your insurance policy. Most posts bond through the VFW by filing through State Headquarters. If you use a private entity you must submit a copy of the bonding document to HQ. Bonds issued by the VFW expire 31 August each year.
Prices for bonds are $5.00 per $1,000 (minimum $3,000) of liquid assets: cash-on-hand, CDs, savings, checking etc. Failure to bond for the full amount of your liquid assets will result in your bond being invalid. In addition, if you do not accomplish timely audits you will forfeit any protection from your bond.
New for this year is that a post that demonstrates that they have less than $2,000 in liquid assets, as evidenced by the timely submission of their last three audits, may apply for a bond of $2,000 for a reduced cost of $10.00.
The application for a bond is attached to the general order in July and August. If you need a copy call the office at 405-525-2680.
If you want to bond other individuals such as the commander, canteen manager or bingo manager, please contact HQ. There is a different form for these bonds that you must submit. The pricing scale is different so please inquire when you call.
Thank you – RG