Skye Learning Blog

Security Requirements for Banks

Written by Skye Learning Team | Feb 24, 2021 4:46 PM

Every bank insured by the FDIC, and every credit union insured by the NCUA, is required to have a written security plan for each of their offices (the institution's main office and any branches it operates). For banks under the FDIC, developing and administering this plan is the responsibility of the bank's security officer, who is designated by the board of directors. The NCUA does not specify who is responsible for developing security plans for credit unions, but the chairperson of the credit union's board of directors must certify compliance with security requirements annually.

Both the FDIC and NCUA require that every security program include the following infographic:

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