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Connecticut league offers vendor management program
MERIDEN, Conn. (9/10/08)--The Credit Union League of Connecticut has provided affiliated Connecticut credit unions with vendor management software relative to the National Credit Union Administration’s (NCUA) letter to credit unions, “Evaluating Third-Party Relationships.” The software is for evaluation and due diligence requirements NCUA outlines in its letter. “It is imperative for the league to support our credit unions with this important tool to meet regulatory requirements,” said Anthony Emerson, league president/CEO. The software was developed by Buckley Technology Group, a league strategic business partner. The program includes corresponding reporting capabilities; provides for comprehensive vendor identification, full monitoring and survey; and facilitates risk assessment performance exceeding NCUA regulatory requirements, said the league. The software is part of the league’s strategic process for 2008-2009, and works with the Connecticut Compliance Solution.


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