NCUA & Southeastern League to Host Free Disaster Recovery Webinar
Speakers will focus on operational recovery, economic impact and what examiners review.
The NCUA and the League of Southeastern Credit Unions & Affiliates will host a free webinar on Nov. 26 that will take a comprehensive look at how credit unions have recovered following natural disasters, including the resumption of business operations, the economic impact on members and credit unions and what examiners review in the months after major storms.
“We anticipate this session to be a valuable tool for credit unions of all asset sizes and in all areas,” LSCU & Affiliates President/CEO Patrick La Pine said. “Unfortunately, disaster planning is not a one and done effort and we should take every opportunity to learn from each other after these difficult events. Again, this is another function of the cooperative business model that makes up credit union DNA.”
Credit unions that experienced previous weather disasters will share best practices and lessons learned regarding business resumption and continuity.
Additionally, participants will learn of financial trends experienced by credit unions in the aftermath of Hurricanes Maria, Harvey, and Katrina. These trends include economic impact relating to closed businesses, member job loss, relocation due to damage and other topics.
The webinar will also cover what examiners look for in relation to loan losses, repossession of collateral and disaster recovery in the months following a major storm.
The webinar will also feature a Q&A.
Visit the LSCU’s Hurricane Recovery Webinar page for addition webinar information and registration.