Security Program
For
ABC CREDIT UNION
(ADDRESS)
Program Overview
This security program was developed to comply with the requirements of section 205(e) of the
Federal Credit Union Act (12 U.S.C. 1785 (e)) and Part 748 of Title 12 of the Code of Federal
Regulations promulgated by NCUA. The program establishes security procedures and specifies devices to discourage robberies, burglaries, larcenies and embezzlement; to assist in identification and prosecution of persons who commit such crimes; and to prevent the destruction of vital records at this credit union’s main office and each branch office.
Approval by Board of Directors
The Board of Directors at its regular meeting on _______________ adopted this program, and it was entered into the minutes of that meeting.
Program Administration
1. Initial development of a written security program and subsequent modification of such security program as circumstances or revised federal regulations may require.
2. Implementation of security procedures and internal controls prescribed by the security program. 3. Selection, testing, maintenance and operation of security devices prescribed by the security program. 4. Protection of vital records at each credit union office.
5. Provision for the initial and periodic training of employees in their responsibilities under the security program, and in proper employee conduct during and after a robbery, burglary or larceny. 6. Monitoring the effectiveness of the security program at each credit union office and conducting periodic security audits at each office.
7. Consultation with local law enforcement agencies to develop coordinated robbery and burglar alarm response plans for each credit union office.
There will be an annual review by the Board of Directors on the implementation, administration and effectiveness of the security program at each credit union