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Audio briefing on vendor due diligence today
WASHINGTON (5/13/08)—The Credit Union National Association (CUNA) is conducting an audio conference today on due diligence pertaining to third-party vendors—an issue which federal regulators continue to emphasize. The program is scheduled for 1:00-2:30 p.m. (CT). The telephone conference will examine requirements and solutions from practitioners that are working for credit unions. Speakers include CUNA’s Deputy General Counsel Mary Dunn, Marcia Barron, CPA and director of internal audits for CUNA and CUNA Strategic Services (CSS), Inc., and Julie Esser, director of new alliances for CSS. Dunn said Monday that the conference is intended to add to information on this subject that was highlighted during the National Credit Union Administration’s (NCUA’s) Webinar last month. “NCUA has made it clears that a key priority for its examiners in 2008 is evaluating credit unions’ due diligence with their third party vendors,” she said. The agency has stressed that it is especially interested in how credit unions handle relationships related to lending services, auditing and management consulting services, and asset liability management.
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