News Now LiveWire

Australian CUs have experienced strong growth in retail deposits at the expense of their regional banking rivals. http://ow.ly/goIE 2 days ago

Yakima Valley CUs have benefited from larger banks troubles as membership, deposit growth, and overall presence expand. http://ow.ly/goHD 2 days ago

Florida Central CU names CUNA board member Laida Garcia as president, CEO. Garcia succeeds the late Ed Gallagly. See http://ow.ly/gnw7 2 days ago

WesCorp detailed cost-saving initiatives-- including roughly 90 layoffs--that aim to roll back expenses to 2003 levels. See July 6 NN. 2 days ago

Wash. State CUs have seen a 313% mortgage loan increase over the last 10 years, with lower car loan, savings deposit increases. See Mon. NN. 2 days ago

more...

---

CUNA alliance addresses business continuity tools

MADISON, Wis. (10/14/04)--A tool to help credit unions with their business continuity and disaster recovery planning is available through a new partner of CUNA & Affiliates.

The three-year alliance between CUNA and Strohl Systems will market business continuity planning (BCP) services and PLANet for credit unions.

PLANet is an Internet-based tool designed specifically for credit unions to help meet regulatory requirements for BCP and disaster recovery. Strohl Systems is a provider of BCP software and services.

CUNA also will endorse and recommend services from Strohl Systems including plan development, plan testing, plan evaluation, plan conversion, facility evaluation and recovery readiness and review.

PLANet was the recipient of the CUNA Technology Council Best of Show award at the 2003 Future Forum. It is designed to help meet growing audit and regulatory requirements from the NCUA and Federal Financial Institutions Examination Council.

"More credit unions need to work on improving and testing their existing programs not only to meet NCUA audit requirements but also to ensure availability of member services in the event of a disaster," said Wes Millar, CUNA vice president of strategic alliances. "With more than 350 active users, PLANet has demonstrated its effectiveness for providing disaster recovery and business continuity planning to credit unions."

For more information, use the resource link.

	Resource Link
	CUNA/Strohl Systems Strategic Alliance