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Achieve Business Resiliency

What is the difference between business continuity and business resiliency?

The main difference between business continuity and business resiliency is the awareness, training, and strategies used to anticipate disruptions and adapt quickly before major damage occurs. In the past, business continuity was the staple name for a management plan in place that identified risks, threats, and vulnerabilities that could impact a credit union’s operations. Business continuity had a plan for recovering after a flood, bomb threat, active shooter, employee strike, or cyber-attack. However, the plans were not enacted until the event occurred. Business resiliency gives your staff insight to predict market changes and when to move investment dollars, see minor blips in the system before a major takeover occurs, and trains your employees not to click on unsafe links without thoroughly vetting if they are legitimate.

Is resiliency achievable?

In short, yes. During the COVID-19 outbreak, our parent company, Corporate Central Credit Union was resilient despite the pandemic. Read more about their resiliency here.

How can my credit union be resilient?

We hope that the business resiliency resources provided on our website give your credit union a great starting point. If you still have questions, please contact us direct. We are happy to assist.