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Upcoming League Events

 

TeleConference: Vendor Management

 

Tuesday, October 7, 2014

10:00 - 11:00 am (CST)

 

Speaker: Dan Loritz, Speaker

 

About the Program

This presentation will establish the importance of vendor management and describe what credit unions must do to meet NCUA expectations. We will also discuss whether credit unions should outsource vendor management or attempt to handle the vendor management function in-house. More importantly, we will address which contracts are “covered,” how to perform a risk assessment, and what to do with it. We will also consider how requesting vendor contracts up-front in the request for proposal stage can actually increase a credit union’s leverage during the negotiation process. Finally, we will discuss tips and tricks to make due diligence over service providers easier.



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