CU Due Diligence Requirements with Third Party Vendors examined in New Audio Conference

April 25, 2008

FOR IMMEDIATE RELEASE
Contact: Katye Long
CUNA Communications; (608) 231-4038
klong@cuna.coop

MADISON, Wis. - Credit union professionals can ensure they are meeting due diligence requirements with third party vendors – a key priority for NCUA examiners – in a new audio conference from CUNA.

The NCUA plans to focus on due diligence issues in 2008, including credit union efforts to assess, monitor, and manage risks associated with outsourced services at all stages of the relationship. This requires staff oversight and the adoption of careful monitoring and reporting practices. The Due Diligence With Third Party Vendors – Getting It Right audio conference, taking place May 13, examines the requirements and offers solutions and approaches from practitioners that are working for credit unions.

Credit union professionals can ask and get answers to their most pressing compliance questions during the May 29 Pressing CU Compliance Issues audio conferences. The conference will address three or four of the most popular hot-topic issues – as determined by feedback received from credit unions. Participants can help build the agenda by e-mailing their questions to cucomply@cuna.coop before the conference.

For more information or to register, go to training.cuna.org, and click the “Audio Conferences” link.

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About CUNA

With its network of affiliated state credit union leagues, Credit Union National Association (CUNA) serves 90 percent of America's 8,500 credit unions, which are owned by more than 90 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information, visit www.cuna.org.

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