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. 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.
Speaker: Dan Loritz received his Bachelor of Arts degree in Business Economics and graduated with honors from the University of California at Los Angeles (UCLA). He graduated from Loyola Law School as a Dean’s Scholar. Dan is a frequent speaker at Credit Union industry events concerning legal and compliance topics and is the author of numerous publications.
Over $75 million - $109 per telephone connection
$25-$75 million - $89 per telephone connection
Under $25 million - $59 per telephone connection
An audio archive is available at no additional charge and can be accessed for 60 days after the live session. Instructions on accessing the archive will be sent with your connecting instructions and confirmation.
Scholarships are available for all KCUA education events. Scholarships pay 100% of registration fee for credit unions under $25M, 50% for credit unions between $25-$75M and 25% for credit unions over $75M.
Upon registration, you will receive an email confirmation that you can print for your records. Connecting instructions will be emailed to you approximately two days before the event.
Sorry, no cancellations are allowed after connecting instructions and handout materials have been sent to registrants. Substitutions are welcomed and encouraged.