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Strategic Assessment Initiative Offers Robust Library of Resources for CUs
Wednesday, May 10, 2017 6:40 AM

It’s that time of year again, when the storms are wreaking havoc, that we seriously consider updating our disaster recovery plan. To reduce risk and enhance regulatory compliance, credit unions should regularly review their disaster recovery plan, conduct frequent staff training and drills, and update emergency contact lists and processes throughout the year. The Cornerstone Credit Union League has the resources you need to help you prepare a successful disaster recovery plan.   

Did you know?  

Cornerstone’s newly released Strategic Assessment Initiative (SAI) has an extensive list of resources, tools, regulatory guidance, and training designed to assist you in meeting your disaster recovery needs. Disaster recovery is just one of four subcategories found under the business continuity category. Other subcategories include succession planning, strategic planning, and career development.

To access this complimentary member-exclusive resource, click here.

Strategic Assessment Initiative

This program offers an online tool that will provide a snapshot of financial performance and allow credit unions to compare their ratios to peers. This site also offers an insightful presentation titled “How to Impact Key Ratios.”  The presentation provides industry standards for 11 ratios that address the key financial areas of capital, asset quality, and earnings, and it addresses the factors that adjust the outcome of each ratio.

 

In addition, the Strategic Assessment Initiative offers a robust library of resources credit unions can utilize to enhance their operational effectiveness. The library is categorized into eight critical focus areas:  financial, lending, compliance, human resources, business continuity, technology, marketing, and volunteers. Within these categories, credit unions have access to numerous resources, tools, educational opportunities, and vendor information.