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11 ways to start business continuity planning at your credit union

Credit unions can protect against disruptions through implementing a Business Continuity Plan (BCP). The process includes understanding the credit union’s operations, meeting regulatory requirements, conducting risk assessments, forming a BCP team, identifying critical functions, implementing data protection, drafting a communication plan, collaborating with third-party providers, training staff, continuously improving the plan, and maintaining detailed documentation. This ensures operational stability and member satisfaction during challenges.

Source: www.cuinsight.com –

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