Credit Union Business Continuity Plan Template

Chief among these lessons is that a business continuity plan bcp must be specific.

Credit union business continuity plan template. Operationally strategic and deployable business continuity and disaster recovery plans are critical to ensuring your credit union can survive and succeed following an unplanned disaster. Pandemic planning template quantivate. Among the resources available at the cuna american association of credit union leagues aacul covid 19 response page are several to assist with business continuity from quantivate cuna s partner for the credit union compliance management system the resources can be found under the business continuity and pandemic response tab on the covid 19 response page. The purpose of this business continuity management policy template is to address the business continuity management strategies of a bank credit union or other type of financial institution to ensure the availability of critical financial services. December 2001 letter no.

Please double check the ncua business continuity planning requirements before checking this item off your to do list. In this blog we ll run through some of the basic ncua requirements for your credit union s business continuity planning efforts. Business continuity plan checklist quantivate. Business continuity case studies checklist guides and templates agility recovery. Many organizations simply maintain large paper notebooks of business continuity and disaster recovery plans that sit on a shelf and quickly become outdated.

The trouble comes when the only change a well meaning credit union makes to the policy template is the addition of the cooperative s name to the top of the document. Approaching coronavirus from a risk perspective article rochdale paragon. Credit unions are optimizing work environments integrating key systems ensuring business continuity and cybersecurity and adapting culture to new ways of working. This sets a credit union up for inevitable disaster. Ncua letter to credit unions national credit union administration 1775 duke street alexandria va 22314 date.

Credit union and ncua the national credit union administration ncua requires that all federal credit unions have a business continuity plan. Business continuity management policy. Disaster recovery and business resumption contingency plans encl. No matter how big or small a credit union you are make sure you are aware of the regulations used by the ncua for audits. Pandemic and business continuity planning templates checklists and articles.

This guide shouldn t serve as an official source. Appendix 1 contingency plan best practices. All federally insured credit unions subj.