When a natural disaster occurs, people are looking for access to resources like food, shelter, and funds. As we enter hurricane season, it’s time to start thinking ahead on how to better service your members during a disaster. That’s where the Shared Cooperative Services from the League of Southeastern Credit Unions & Affiliates (LSCU) can help.
Shared Cooperative Services is the subsidiary for shared branching and is a part of the national CO-OP Shared Branch network, servicing credit unions in Alabama and Georgia. Credit unions can benefit from being a member of the CO-OP Shared Branch because they understand that having access to your money can make all the difference during a crisis.
“As credit unions review their disaster preparedness and business continuity plans, it’s a great time to consider the advantages of shared branching,” said Senior Director of Shared Branching, Laura Vann. “Participation in the shared branch network can provide seamless service delivery to your members in times of service interruptions related to natural disasters or other unforeseen circumstances.”
Credit unions currently on the shared branching network should be mindful of natural disasters and continue to promote shared branching through your website and social media accounts. Your members need to have a dedicated place to receive information about shared branching locations in the event of service interruption due to a natural disaster.
For more information, please visit the Shared Cooperative Services page.