LOMPOC, Calif. — Credit unions staging mock robberies have fallen out of favor with some authorities in recent years, but the $660 million CoastHills Federal Credit Union still uses the practice and credits it with preventing a recent potential robbery.
In the mock "take over" style robberies, real time drills in two CoastHills branches, run by local police authorities, mimicked the circumstance where a robber brandishes a weapon and otherwise takes control of the branch for the duration of the robbery. In the case of the drills, the mock robberies were limited to 30 minutes.
Video tapes are made of the mock robberies and then examined later for use as teaching tools as credit union staff are trained in their responses to a robbery, the credit union said.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
