The Coronavirus continues to spread rapidly through China, and it’s difficult to find accurate numbers of its victims. Although most China and most countries have done a good job of containing the virus within borders, all borders are porous. As it grows, the chance that it might sweep other countries increases.
Currently, the Coronavirus poses a minimal threat to credit union operations. Nevertheless, that could change quickly. And if it does, preparation could mean the difference between smooth business continuity and disaster.
So, now’s the time to review your credit union’s business continuity and disaster recovery plans. Even if this virus doesn’t affect North America, your BCP and DR plans could probably use a little touch-up for pandemics.
(Plus, any opportunity to better serve your members while strengthening compliance is a sure win.)
Check out the pandemic preparation tips from Ongoing Operations in the link below!