Disaster Preparedness
NCUA has a consumer site - mycreditunion.gov - that provides consumers with information about NCUA and credit unions. In an effort to reach spanish-speaking consumers, NCUA has announced the launch of its spanish version of this site.
NCUA also issued a note about its preparations for Irene, and takes this chance to remind credit unions to review their business continuity/disaster preparedness procedures. This is an excellent reminder as we generally don't think about these plans until a threat is imminent. But disaster preparedness plans work best when we test and re-test them and review them in light of lessons learned. In other words, they are ever-changing documents. If you haven't reviewed yours in awhile, NCUA issued some guidance during last year's hurricane season. Letter to Credit Unions 10-CU-10 and its enclosure provides some lessons learned and recommended resources for disaster preparedness plans.