WASHINGTON — NCUA issued a Letter to Credit Unions last week reminding credit unions that Daylight Saving Time is three weeks earlier than before.
The Energy Policy Act of 2005 moves the beginning of DST from the first Sunday in April to the second Sunday in March. It will also end one week later than previous years, moving to the first Sunday in November rather than the last Sunday in October. The Office of the Comptroller of the Currency issued the same guidance the previous week.
Credit unions should ensure that the DST change will not cause systems failures, including logging errors, monitoring difficulties, degraded system performance, or disruptions of some services. Potential for compliance errors and security systems should also be checked and updated. Additionally, heating/air conditioning, lights, telephones and other systems could be impacted.
"Credit union management should understand the potential impact of the DST change on their hardware and software and plan for appropriate changes. Servers, mainframes, other important systems, and essential computer clock-dependent processes should be set to synchronize with the new time change. Management should review both date and time stamp processes and the many time-sensitive routines essential to information systems," the letter read.
Major operating system vendors should have suitable patches available, and other systems vendors may have patches.
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