How To Use A Credit Union Disaster Recovery Plan Template

by Robin Remines

Credit unions are unique in that collaboration, not competition, drives their relationships with their peers. Sharing best practices and lessons learned allows credit unions to meet strategic goals while mitigating the risk of new product or service implementations.As a credit union leader, you may have reached out to your peers or even to a provider like Ongoing Operations for a disaster recovery plan template or sample. And while this is a great step to get started, we encourage our clients to follow a few basic steps to ensure the plan fits their unique needs:

Step 1: Carefully review the plans assumptions and goals.

Each credit union has a unique makeup consisting of key items such as: field of membership, asset size and even your product/services while fundamentally the same may have characteristics to serve your specific membership needs. For instance – a credit union in a historically high risk hurricane zone may choose to simply switch to their DR provider early, move things off the first floor and direct members to their online services prior to an event. A similar credit union with a lower hurricane risk may develop strategy that that is more wait/see.

Step 2: Recognize the key components of the template that must be updated with your specific data prior to it being distributed. 

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