As meteorologists track several storms threatening Hawaii, Florida and part of the east coast, it is a good time for credit unions to review plans for possible emergencies and business disruption.
In a June 2009 letter, the NCUA urged all federally insured credit unions to perform a review of their hurricane preparedness and response plans. “These plans should be commensurate with the complexity of operations and focus on minimizing interruptions of service to members and maintaining member confidence in times of an emergency.”
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