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Financial Services Law Insights and Observations

Kansas Department of Credit Unions issues guidance on pandemic planning

State Issues Kansas Credit Union Business Continuity Covid-19

State Issues

On March 11, the Kansas Department of Credit Unions issued guidance to Kansas-chartered credit unions on pandemic planning. The guidance outlines areas and objectives that should be met by a credit union’s business continuity plan. Among other things, the guidance encourages credit unions to have a comprehensive framework of facilities, systems, or procedures to provide the organization with the capability to continue its critical operations in the event that staff members may be unavailable for prolonged periods.

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