What is a Business Continuity Plan?

Besides a huge pain in the... It is a GLBA regulatory requirement. Your BCP is your credit union's plan on how to continue to serve your members in the event of a disaster. It is a comprehensive, exhaustive document. It will require a considerable amount of time and resources to complete.

What does a BCP need to cover?

Everything. A Business Continuity Plan must include how you will handle establishing a service location, personnel, supplies, services, processing, technology and how you will resume normal operations. Examiners want to see Business impact Analyses and / or Risk Assessments and testing.

What is the most difficult section of a BCP to prepare?

The technology section or the Disaster Recovery Plan portion of the Business Continuity Plan is the most daunting. Because DRP planning is a part of your information security as a whole, it requires the most expertise and diligence. Disaster Recovery planning starts with the way your credit union plans, implements, and maintains your information systems.

CUC can help your credit union create practical and functional BCP Policy and Plan.

Credit Union Consulting is experienced in creating Business Continuity Plans and Disaster Recovery Plans. Our approach is to create a functional document that is actually valuable in the event of disaster. Our BCP and DRP plans are practical and do not create an administrative burden on your credit union. When necessary, CUC can conduct BCP or DRP testing. We document the testing and create a report for your board and examiners.

If you would like to talk to us about business continuity planning, please contact:

Paul Elder 614-848-5400 ext 121 or email Paul
Larry Krietemeyer 614-848-5400 ext 143 or email Larry