Is it time to not only plan for, but expect the worst?

The disaster prep conversation is more relevant than ever before, and it’s not just about having a plan in place at your own CU.

Hope for the best, plan for the … you know how the saying goes. Planning for a disaster – a big data breach, a major storm or fire, a robbery or embezzlement case – is a topic that’s often on credit union executives’ minds and reported by us here at CU Times. But I’ve been thinking lately that it might be time to take those plans more seriously.

Last month I traveled to San Diego, Calif., for the Filene Research Institute’s annual big.bright.minds. conference. The year prior, I attended the same conference in Austin, Texas, where surprisingly, snow fell the night of Filene’s “Merrymaking” social event. The outdoor section of the venue was shut down as a result, but the party still went on as planned indoors.

Fast forward to San Diego – probably the last place in the U.S. you’d expect to see harsh weather – and on the night of Merrymaking, Mother Nature punished us again, this time with a torrential downpour and thunderstorm that led to flooding and power outages.


continue reading »