1 / 7

Financial Sector Interdependencies/Dependencies From a Regional Financial Institution Perspective

Financial Sector Interdependencies/Dependencies From a Regional Financial Institution Perspective. May 2, 2012. Who Is Technology Credit Union?. Local Credit Union Operating in Silicon Valley $1.5 billion in assets with 70k members 10 Retail Locations

beau-woodard
Télécharger la présentation

Financial Sector Interdependencies/Dependencies From a Regional Financial Institution Perspective

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Financial Sector Interdependencies/Dependencies From a Regional Financial Institution Perspective May 2, 2012

  2. Who Is Technology Credit Union? • Local Credit Union Operating in Silicon Valley • $1.5 billion in assets with 70k members • 10 Retail Locations • Strong penetration in “high-tech” industries • Members are highly dependent on the “latest” technologies to handle normal banking needs • ATMs, Debit Cards, Mobile and RDC (remote deposit capture)

  3. Dependencies • Power (PG&E and generator) • Staff (availability) • Technologies (will they all work in a disaster?) • Communications (will cell phones work?) • Recovery Capabilities • Critical Vendors (scattered everywhere) • Other Financial Institutions (BARCfirst) • Federal Reserve Bank (liquidity planning)

  4. Regulatory Environment • FFIEC (Federal Financial Institution Examination Council) • NCUA (National Credit Union Administration) • CFPB (Consumer Finance Protection Bureau) • California Department of Financial Institutions • Annual Audits and Examinations, including preparedness for disasters

  5. Priority Gaps • Education of staff on DR preparedness • Great California Shake-Out • Availability of “key” staff • Expectations of members (customers) in the event of a disaster • Access to money (cash is king) • 9-11 and Katrina lessons learned • Generator failure following power outage

  6. Is TCU ready for a Disaster? • For small disasters (e.g., power outages, etc.) • Occupy activities • The “Big One”

  7. Technology Credit Union Thanks for your attention. Michael Luckin SVP, Enterprise Risk Management CONFIDENTIAL: For Internal Use Only.

More Related