X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LATHAM, N.Y. – The potential “trickle down” effects of the events of September 11 were recently discussed over a series of meetings hosted by the New York State Credit Union League. Credit union managers, CEOs, staff, volunteers, local CUNA Mutual and Empire Corporate representatives all participated in the brainstorming sessions. “We wanted to synthesize the ideas and strategies that we could all bring to the table,” said NYSCUL Vice President of CU Services Sue Commanda. “It makes sense to share our combined wisdom in these difficult times. While some credit unions may already be implementing some of these suggestions, others may be just starting to incorporate them into their revised strategies.” Discussions revolved around issues ranging from disaster recovery planning and careful handling of the mail, to money laundering and the economic climate. Suggestions included reviewing/updating the disaster recovery plan, actually testing it and considering an out-of-city or out-of-state hot site; establishing written procedures for careful handling of the mail, which include opening mail away from heating and cooling vents and using rubber gloves and/or long-handled letter openers; and preparing for possible layoffs by reviewing delinquency policy and offering debt and financial counseling.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.