Generators For Banks and Credit Unions
Banks and credit unions rely heavily on power. They are expected to provide online banking, mobile banking, real-time bank statements, and other digital services for their customers, 24/7 every day of the year. For banks, ensuring they always have the ability to serve customers starts with mitigating risk.
Understanding that risk is key. Power outages pose as one of the biggest risks of customer service disturbances for banks and credit unions. Some power outages, such as power failures from national grids, are not predictable. Even so, it should be expected that power grid failures could spontaneously and randomly occur at periodic, short intervals and even complete blackouts could happen. When they do, they can last for extended periods of time and cause complete shutdowns of operations for a prolonged period of time.
Power grid failures do happen. The Northeast Blackout of 2003 was a widespread power outage throughout parts of the Northeastern and Midwestern United States and the Canadian province of Ontario on the afternoon of August 14, 2003. The power outage occurred just before the close of most U.S. northeast banks and credit unions. Some larger bank institutions noted they were prepared for an occurrence like this with standby generators and transfer switches that led a rapid switch to backup power. The emergency generators for these banks enabled them to complete their end-of-day processes and activities without any material disruptions. Although, some smaller banks in the region were not as prepared and not so lucky. The power outage lead to data loss and tedious data retrieval efforts for these banks when power was restored.
Aside from these random blackouts, more commonly the cause for outages is severe weather. During the summer, severe weather is unpredictable and is always a possibility. Typically wind shear is lowest and water temperatures are warmest during the summer months, which makes it relatively easy for severe weather to become a daily occurrence for coastal areas. With these conditions, tropical disturbances are more likely to become major hurricanes. With hurricane season becoming more and more active each year, banks and credit unions are making hurricane preparedness a priority. A pivotal part of those plans is having emergency generators to maintain operations and protect customer data.
Larger companies in the banking industry have experienced outages and learned from their experience that is necessary to buy, maintain, and test appropriate backup generators for their locations. In Texas, we personally have had a hand in helping banks prepare for hurricane season. Total Energy Solutions works with the Texas Dow Employees Credit Union (TDECU) to deliver and install backup generators at all of their locations during hurricane season.
TDECU was formed in 1955 and still brings their passion for service to new financially underserved areas. When TES met with TDECU, we knew they wanted to always be able to serve their customers even during all stages of a hurricane from the prep all the way through to the recovery. Aside from just providing the generators, we also provide regular maintenance and repairs throughout hurricane season to ensure TDECU’s generators are always able to run at optimal performance whenever needed. With our generators at all of their locations, TDECU is able to stay open and available to their customers during emergency situations.
As a society, we have such a high reliance on electricity and power, everything is done on computers, and so many items require power. It’s not a question of “will a failure happen?” rather than “when will it happen?” Preparation is key. The team at Total Energy Solutions can help your company be prepared for the “when” with a generator that will keep your operations running seamlessly.
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