Blogs

Florence is headed to the East Coast; have you checked your Business Continuity Plan?

By Kevin Olsen posted 09-10-2018 10:50 AM

  
3 comments
58 views

Permalink

Comments

09-11-2018 09:18 AM

​Thank you Kevin. 

I also heard in the event of declaring a disaster that the CU can contact ePay Services to handle everything Fed related including but not limited to: notifying the Fed of the declaration and to submit for an "Excused Posting" on our behalf.  Is this true and how can I get more information on who our Declaration contact would be or if there are any special instructions for this process?

09-11-2018 08:34 AM

If you are inn a true "disaster Recovery" situation then you MAY (probably but cant guarantee) qualify for Excused Delay. You would still need to get up and running as soon as reasonably possible. Also, it appears that this is a known issues, are there any other possible resolutions? Remember that in Disaster Recovery it isn't required to be exact as normal processing, but close as possible to it.

09-11-2018 08:25 AM

​Hello Kevin,

The question I have is:  what is the rule governing a delay in posting due to an official declaration?  For any circumstance.

For example: we have three ways of retrieving files but if the core is not up and running yet there is no way to post to member's accounts.  It takes a minimum of 8 hours for the core to be brought online at the DR site, given no IT hiccups, so there are files waiting to be posted but no place to post them until it is up and running.