How Your Credit Union Can Set NCUA-Compliant Third-Party Contracts
By Venminder
July 18, 2024
The National Credit Union Administration (NCUA) has several guidelines for how credit unions should maintain safe third-party relationships, which is essential for mitigating risk to their members. These guidelines cover everything from planning the third-party relationship and assessing risk to performing due diligence and contracting.
This eBook provides an overview of the NCUA’s requirements, along with some tips to negotiate a compliant third-party contract. It also takes a deeper look at some considerations related to third-party performance and contract management best practices.
Download this eBook to learn:
- Third-party contract requirements from the NCUA
- How to negotiate a compliant third-party contract
- Performance considerations in third-party contracts
About Venminder
Venminder is an innovative, customer-motivated company that is mission-driven to help solve the many challenges organizations face when managing risks from outsourcing to third parties.
Venminder provides a dedicated platform to empower effective end-to-end lifecycle management and mitigation of third-party risks. Venminder creates long-term collaborative partnerships with their customers, providing implementation assistance, product and best practices training, ongoing support, access to expertise and more.