Regulatory Alerts2009-06-16
OFI Bulletin 02b-2006 Emergency Preparedness for Credit Unions
The Louisiana Office of Financial Institutions directs credit union management to review Katrina preparedness guidelines and maintain current emergency contact details for their disaster recovery teams. Credit unions must verify parish-specific re-entry protocols, ensuring returning employees possess proper identification, business authorization letters, and vehicle credentials to bypass security checkpoints. Additionally, institutions are advised to implement the NGN V.Point Balance File Authorization program to sustain member transactions during emergencies without incurring real-time connection costs.
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