ATLANTA — The Georgia Department of Banking and Finance has established the GeorgiaFirst Recovery Coalition to ensure that credit unions and banks are ready to deal with emergency preparedness, disaster recovery and business continuity issues.
The regulator is encouraging all of Georgia's financial institutions to join the coalition, which will work to establish an alliance with the Georgia Emergency Management Agency and other public safety agencies for exchange of information and resources in order to act more quickly following a disaster or an event affecting financial services. The department said it is planning three more kickoff meetings throughout Georgia over the next 45 days.
The coalition also aims to address homeland security issues that would require a collective response from Georgia's financial institutions. Methods and procedures for credentialing crisis management teams at Georgia's credit unions and banks would also be established.
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