Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Companies advise updating 09 disaster plans
HAGERSTOWN, Md., and SAN DIMAS, Calif. (2/2/09)--Financial Services Centers Cooperative (FSCC) and Ongoing Operations (OGO) are encouraging credit unions to update and prioritize their disaster recovery plans to include mobile branch recovery and shared branching. “Offering shared branching is a significant safety net during an emergency or disaster,” said Sarah Canepa Bang, FSCC president/CEO, “But the time to plan for an emergency is before it happens. Our goal is to help get credit unions back to work as quickly as possible after a disaster. There is no question that providing continuity of service during disasters increases the public’s confidence in credit unions.” FSCC and OGO partnered last year to offer mobile branch recovery services. A mobile branch with 56 workstations can be deployed within 48 hours, the companies said in a release. “Credit unions that do prepare for potential catastrophes reduce the overall impact on their members, greatly reduce the potential for fraud and financial losses, and generally learn some very sound business practices for competing in the financial industry as a whole,” said OGO President Kirk Drake. FSCC is a credit union Shared Branch Network that provides more than 5,500 deposit-taking locations in the U.S. OGO provides business continuity solutions to credit unions.
Other Resources

RSS print
News Now LiveWire
NCUA re-schedules start of tomorrow's closed meeting to 9 a.m. ET. Open meeting still at 10 a.m. ET.
7 hours ago
.@lisamurkowski @SenatorEnzi @SenJohnBarrasso are latest to weigh in on NCUA risk-based capital proposal. See #NewsNow tomorrow for more
8 hours ago
Now up on News Now: Fed stays course on taper, interest rates http://t.co/6DntsW58vA
10 hours ago
Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
13 hours ago
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
13 hours ago