If the only reason your credit union currently has a business continuity plan is because it is a regulatory requirement then the plan is likely not as detailed as it should be. Business continuity plans are too important to your credit union’s operations and the long-term success of your credit union to overlook it as just checking off a box for your regulator.
There are so many options in the financial services industry that your credit union can’t afford to have an issue that disrupts services to your members.
Often times, credit unions don’t have the time or expertise on staff to thoroughly create their own business continuity plan. But whether your credit union has a dedicated team in place or not, it is highly recommended that credit unions with a plan have a third party review the plan to provide an unbiased review and opinion.
Our staff can be this resource. And with over ten years of experience on staff dealing with disaster recovery and business continuity planning for credit unions, you can feel comfortable that your credit union will be prepared for any issue that may arise in the future.