CU*Answers Publishes Business Continuity Plan for Network Credit Unions

96 views
0

GRAND RAPIDS, MI – January 27, 2023

CU*Answers is proud to announce the release of the 2023 revision of its Business Continuity Plan. Updated every six months and approved by the Board of Directors annually, this document is published for review by credit unions on the CU*BASE platform as part of their vendor management program. As a core data processor for more than 300 credit unions across the country, CU*Answers continually invests in strategies and technologies to mitigate the risk of disruptions and to develop and execute test-validated response plans to build and demonstrate capabilities.

“At the heart of the Business Continuity Program is our decision to conduct regular high-availability (HA) rollovers with the participation of every network credit union in a live environment,” states Jim Lawrence, VP of Business Continuity and Data Center Operations. “This puts our plans to the test every few months, forcing us to consider what might go wrong and to develop contingency plans that are agile and can adapt to the changing circumstances. Whether a server weather event, a hardware failure, or a cybersecurity incident, maintaining a level of availability across six time zones is critical.”

Each January, the revised Business Continuity Plan is presented to the board of directors for approval along with a presentation to communicate the changes since the last revision, as well as anticipated changes and vision for the program over the next few years. “The investment is ongoing,” says Lawrence, “with multiple scenarios projected to accommodate for changes in not only the business strategy, but also the advancements in technology and changing threat landscape.”

Keeping our network of client credit unions informed of the changes made to our Business Continuity Management program is a key part of their vendor due diligence. Being transparent goes a long way in deepening the layer of trust and of the relationship as a CUSO and cooperative. More information about the Business Continuity services available from CU*Answers can be found on their website at: https://www.cuanswers.com/solutions/business-continuity/.

About CU*Answers, Inc.

CU*Answers offers expertise in implementing technical solutions to operational needs and is a leader in helping credit unions form strategic alliances and partnerships. CU*Answers provides a wide variety of services for credit unions including its flagship CU*BASE® processing system (online and in-house) and Internet development services featuring It’s Me 247 online and mobile banking. Founded 50+ years ago, CU*Answers is a 100% credit union-owned cooperative CUSO providing services to credit unions representing over 1.7 million members and $15.7 billion in credit union assets. For more information, visit www.cuanswers.com.

Author

Your email address will not be published. Required fields are marked *