How your credit union can PREPARE for natural disaster

How your credit union can PREPARE for natural disaster

 

A great place to start for credit unions who have not reviewed their disaster preparedness plan recently is an acronym NCUA put forth in a letter to credit unions a few years ago:

Planning – Ensuring Financial Services to Members

Resources – Allocating Sufficient Equipment, Supplies, and Facilities

Evaluation – Testing of Contingencies for All Critical Systems

People – Maintaining Readiness of Staff and Officials

Alliances – Establishing Relationships with Other Organizations

Review – Updating Internal Plans for Effectiveness

Experience – Incorporating Lessons Learned

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