Avoid these mistakes in your disaster recovery strategy
Hurricane season reminds us of the opportunity to create or review our organizational business continuity strategy.
Hurricane Dorian
Most organizations, credit unions included, have a disaster recovery and business continuity plan in place. A business continuity plan is critical to a comprehensive risk management program. It ensures that your employees are prepared should a natural or man-made disaster strike.
As we progress further into hurricane season, it’s important that your credit union performs an audit of its current plan to ensure you’re prepared to serve your employees and members should inclement weather impact your business operations.
Back in 2018, in the aftermath of Hurricane Michael, credit unions across the Alabama and the Florida Panhandle struggled to reopen their doors due to massive power outages. Frustrated members turned to social media to express their dissatisfaction with not having access to their cash or accounts. While credit unions cannot avoid disasters, implementing, testing, and revising a thorough disaster recovery plan can greatly reduce the negative impact weather catastrophes can have on your employees and members.
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