Prepare for the Worst, but Hope for the Best
Let’s say you’re looking at your disaster preparedness plan this morning and it’s not quite as good as you’d like it to be. If I was in that situation, I would remember several key points to implement in the coming days.
- Have a list of the key people on your staff who are going to coordinate the credit union’s response to the hurricane and its consequences. Make sure they know what their roles are and that everyone has proper contact information.
- One of the key points stressed by NCUA is the need to keep members properly informed. Do you know how to reach out to local media, so that in the event the power goes out people might still be able to find out about important events at the credit union through the local radio station?
- Another key part of your disaster preparedness response is that you know which vendors and regulators need to be reached out to, “ideally” within the first 24 hours.