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League InfoSight Highlight: 2025 Budget Planning: Prioritizing Business Continuity
Posted: Nov 8, 2024 | Author:
budgeting
NCUA Office of Consumer Financial Protection
By Glory LeDu, CEO, League InfoSight & CU Risk Intelligence
We’ve heard from many credit unions that examiners are increasing their focus on business continuity plans and finding that existing plans are no longer meeting expectations. The NCUA recently released 24-CU-02 Board of Director Engagement in Cybersecurity Oversight emphasizing the board of directors’ responsibility to ensure the credit union has an effective cybersecurity program. This includes a comprehensive information security program that meets the requirements of Part 748 of NCUA’s regulations, which includes risk assessments, security controls, and incident response plans.
As you start planning your 2025 budget, check out RecoveryPro to see how it can support your credit union. The content is written specifically for credit unions by credit union professionals and utilizes the same amazing technology as CU PolicyPro. RecoveryPro pricing is based on the credit union’s asset size, starting as low as $249 annually for our credit unions under $50 million. Contact us for a quote at [email protected].
