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CU System
Its Friday the 13th Wheres your CUs disaster plan
MADISON, Wis. (6/13/08)--Friday the 13th may be designated as a day of bad luck and disaster, but it doesn't have to be that way for a well-prepared credit union. Credit unions faced with interruptions to business from man-made and natural disasters and accidents can take steps to mitigate the impact. But they also must be in compliance. The Credit Union National Association is offering two training possibilities related to disaster plans and compliance. On July 22 in Chicago, a compliance update seminar, part of the CUNA Regulatory Compliance School, will address: Disaster Plan Requirements, Compliance Challenges, Regulators, Flood Insurance and Mortgage Lending. It discusses regulatory requirements for an effective disaster recovery plan, and provides guidance on what should be in a disaster recovery plan. On Dec. 11, the webinar, Does Your Plan Meet Regulatory Requirements will be available with industry experts. It also discusses regulatory requirements and guidelines on what a plan should include. For more information, use the resource links.
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