Unfortunately, we are in the thick of natural disaster season. As if 2020 hasn’t thrown us enough curve balls, this is the time of year where mother nature doesn’t hold back. If we, as an industry, have learned anything this year, it’s that being prepared for the unexpected is critical for business resiliency.
In collaboration with PSCU, the Foundation recently launched a free CUAid Disaster Recovery app, generously funded by CUNA Mutual Group and FIS and developed by CU-APPS. In the true spirit of cooperation among cooperatives, the CUAid app was a collaborative effort with the common goal of strengthening our industry in the face of disaster.
The app is designed to help credit unions do four main things:
- Prepare for disasters – Credit unions should use the Prepare form within the app as a guide to evaluate and strengthen their own internal disaster recovery plans. The Prepare form is to be used as a checklist for individual credit unions and supplies the database information about possible resources that could be provided to other credit unions in need.
- Report a disaster – If your organization has been struck by a natural disaster, you can quickly report it through the app. This notifies the Foundation and we can quickly respond to your needs.
- Connect to receive and/or share resources during disasters – After reporting a disaster, credit unions can connect with other organizations who may have resources available to share such as generators, mobile branches, etc. The app serves as a “matching service” to quickly mobilize and share needed equipment and resources.
- Donate to CUAid – Quickly support other credit union employees financially in times of need.
The success of the app lies within the users and the collaborative sharing of resources. We have seen CUAid quickly mobilize funds to get credit union employees back on their feet to serve members and hope the app changes the way we maintain continuous operations during times of emergency.