Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NCUA highlights business continuity information
ALEXANDRIA, Va. (4/7/08)—The National Credit Union Administration recently sent a letter to credit union directors alerting them that federal financial regulators have issued updated guidance for examiners, credit unions, and technology service providers regarding business continuity plans. The guidance covers how to identify business continuity risks, evaluate controls, and implement risk management practices for effective disaster planning. The guidance is an update to an original “Business Continuity Planning Booklet” issued in March 2003. The revised booklet includes enhancements to the business impact analysis, testing, and emerging threats sections and includes lessons learned in recent years. It also stresses “the responsibility of each credit union’s board of directors and management to address business continuity planning with an enterprise-wide perspective by considering technology, business operations, communication, and testing strategies for the entire credit union,” the letter noted. The revised booklet also contains an appendix addressing pandemic planning. "A pandemic outbreak would present unique business continuity challenges and all credit unions should have plans that address how they would manage during a pandemic,” the NCUA reiterates in the communication.
Other Resources

RSS print
News Now LiveWire
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
14 hours ago
.@CUNAMutualGroup has committed $35K to @trustdotcoop over the next year to suppor the future of #creditunions.
15 hours ago
.@madison_mag gets the cooperative scoop from @SummitDoMore's @kimsponem http://t.co/RxSCeSegie
16 hours ago
.@VantageWestCU emeritus chairman Whittaker inducted into @DCUC_HQ Hall of Fame http://t.co/dpeP4ME49U
17 hours ago
Australian newspaper covers Gen Y tips from @ServusCU at @WOCCU conference http://t.co/xqmLfZVwaI
18 hours ago