Is your credit union prepared for a crisis?
Published by: Christy Clark
December 1, 2021 | Compliance
Your credit union may not be able to prevent a disaster from occurring, but you can be ready when it happens. Security, data recovery, and peace of mind are priceless when faced with a catastrophic loss. RecoveryPro can get your credit union’s Business Continuity Plan in place.
The RecoveryPro system was completely rebuilt in September 2021 and brought additional tools and functionality to develop, document, and implement your Business Continuity Plan! Gather essential information for the Business Continuity Plan with the guidance of model content. Outline the potential risks, likelihood, and impact of various scenarios: document recovery procedures and strategies.
* Guidance on crucial information needed to develop planning objectives
* Incident Response identifies what is needed to manage developing incidents
* Business Impact Analyses identify and prioritize critical business functions
* Actionable Business Continuity Plan components for any event type
* Validation & maintenance to ensure your BCP is effective and up to date
The content in RecoveryPro is based on FFIEC guidance. It was developed by a 20+ year Business Continuity veteran and has been thoroughly vetted with multiple State and NCUA auditors. Concise, actionable content is at your fingertips, providing comprehensive program documentation for your auditors.
Disruption or loss of access to core business functions can have severe consequences for credit unions and their members. Business continuity planning does not question the odds of disruption happening but looks at the impact these disruptions may cause, then makes plans and preparations accordingly. You can lock in the 2021 rate of $249 for 2022 by signing up before the end of the year. Contact Member Outreach Manager, Christy Clark for additional information.