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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.
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