Ensuring Business Continuity & Compliance for Credit Unions: Protecting credit union operations from disruptions

By Agility Recovery

In an era of increasing operational threats, from natural disasters to cyberattacks, credit unions must ensure they can continue serving their members without interruption. Many credit unions are surprised to learn that Agility Recovery offers a full suite of solutions designed to keep operations running smoothly, safeguard member data, and maintain regulatory compliance.

Complete Branch Recovery: More Than Just Power & Connectivity

When disaster strikes, restoring branch operations quickly is critical. To ensure credit unions can continue serving members even after physical or IT infrastructure disruptions, they should consider comprehensive branch recovery services, including:

• Temporary Branch Recovery: Mobile and brick-and-mortar recovery solutions to maintain in-person services.
• Emergency Power & Connectivity: Backup power solutions and satellite connectivity to keep operations online.
• IT Infrastructure Support: Replacement hardware, data recovery, and remote work solutions to ensure business continuity.

Credit unions nationwide have successfully used these solutions to recover from hurricanes, winter storms, and other unforeseen disasters, reducing downtime and maintaining member trust.

Proactive Business Continuity Testing: Closing Gaps Before Disaster Strikes

NCUA and FFIEC compliance guidelines emphasize the need for robust business continuity planning and testing. However, many credit unions struggle with effective testing strategies, such as:

• Tabletop Exercises: Scenario-based discussions to test response plans for cyberattacks, power outages, and service disruptions.
• Live Recovery Drills: Simulated real-world recovery scenarios to identify weaknesses before an actual event.
• Regulatory Compliance Support: Assistance in aligning business continuity plans with industry regulations.

By proactively testing business continuity plans, credit unions can uncover and address vulnerabilities before they impact operations.

Cyber Resilience: Identifying & Eliminating Weaknesses

The financial sector is a prime target for cybercriminals, and credit unions are no exception. Ransomware attacks, phishing schemes, and data breaches can cripple operations and lead to significant financial losses. Credit unions should consider cybersecurity testing solutions, including:

• Cybersecurity Testing: Simulated cyberattacks to identify vulnerabilities in IT systems before hackers do.
• Ransomware Impact Analysis (RIA): An assessment to determine the financial and operational effects of a ransomware attack on credit union systems.
• Data Backup & Recovery Solutions: Ensuring credit unions can quickly recover critical data in the event of an attack.

By integrating these proactive cybersecurity measures, credit unions can fortify their defenses and safeguard member information.

Why Credit Unions Should Take Action Now

Operational resilience is no longer optional – it’s a necessity. Whether preparing for natural disasters, IT failures, or cyber threats, credit unions need a robust continuity plan. Agility Recovery stands as a trusted partner in helping credit unions achieve uninterrupted service and peace of mind.

Take the next step: Schedule a consultation with Agility Recovery today to assess your credit union’s preparedness.