Ongoing Operations CUSO Celebrates 5th Anniversary, Recognizes Founding Credit Unions
Hagerstown, MD (June 23, 2011) – Ongoing Operations, the leading business continuity CUSO, is celebrating its 5th anniversary this month. A special “Founders Luncheon” was held recently in conjunction with their annual meeting in Lansdowne, Virginia.
The purpose of this event was to recognize the credit unions that originally invested in the CUSO in 2005 and early 2006, during both its initial formation as a limited liability corporation and when full operations began. Founding credit unions include: Agriculture Federal Credit Union, Department of Labor Federal Credit Union, HEW Federal Credit Union, Money One Federal Credit Union, NIH Federal Credit Union, Northwest Federal Credit Union, Quorum Federal Credit Union, Synergy One Federal Credit Union, Transportation Federal Credit Union and PSCU Financial Services.
“Ongoing Operations is truly an example of collaboration at its best,” said Juri Valdov, Chairman of the Board of Managers. “After September 11th, many credit unions in the Washington, DC metropolitan area found themselves in the same boat – with restricted access to branches and a need for a much broader business continuity solution. The CUSO helped solve local challenges and evolved to serve credit unions nationwide.”
The CUSO was established by a small group of credit union leaders in the Mid-Atlantic region but quickly grew to serve over 130 credit unions across the country and protect one-fifth of all industry assets. Today, Ongoing Operations maintains facilities in Hagerstown, Maryland; Phoenix, Arizona; Longmont, Colorado; and Middletown, Virginia.
“In addition to expanding our facilities, we have also focused on building best of breed products and services to help credit unions increase efficiency and enhance member service, “ said Kirk Drake, CEO. “A great example of this is our new suite of cloud-based solutions. Services like OGO-Cloudworks Hosted Exchange can help credit unions reduce their capital expenditures while benefitting from the built-in redundancy we have created.”
Ongoing Operations, LLC is a leading provider of Business Continuity & Technology Solutions to credit unions nationwide. Beyond just backing up credit unions’ key systems, Ongoing Operations takes a holistic approach to business continuity to ensure that all of your systems and member communication channels stay up and running – no matter what. Learn more at www.ongoingoperations.com or by calling 877-552-7892.