Learn Due Diligence of Securing Member IDs when Outsourcing in upcoming Webinar Offering

March 10, 2008

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

MADISON, Wis. – Credit union professionals can ensure they have taken the proper steps to secure their members’ personal information when outsourcing to third party vendors – and that they are satisfying regulatory requirements – during a CUNA webinar scheduled during the second quarter of 2008.

“Vendor Due Diligence – Securing Your Members Information” will take place June 17 to help train any credit union staff that is directly involved in working with outside vendors. Attendees will examine NCUA guidance on vendor due diligence and learn how to perform a vendor risk assessment. Additionally, the class will identify the components of a vendor due diligence program and explore insurance issues, internal controls, and identify the roles of different credit union professionals in a contract review.

Other webinars highlighted during the second quarter include:

Board and committee volunteers can make sure they are fulfilling their BSA compliance roles during the May 8 “Bank Secrecy Act Training for Directors” webinar. Specifically, volunteers will learn the major elements of BSA and which of those the board must engage in. They will also discover what examiners expect from credit unions in the area of risk assessment, customer identification, transaction monitoring, and reporting.

Uncover the specifics of the ITIN process and how credit unions can develop successful programs during “The ABC’s of Individual Taxpayer ID Numbers.” The May 15 offering walks attendees through the ITIN application procedures to follow that ensure submissions are processed in a timely fashion. They will learn the roles of acceptance agents, and then discuss the policies, procedures, and potential problems of developing an ITIN program.

Nearly 20 webinars will take place during the second quarter of 2008 to educate busy credit union personnel about: finance and economics; human resources and training; security; lending; management and leadership; board and volunteer; marketing and business development; operations, sales, and service; and regulatory compliance. Archived versions of many recently-held webinars are also available.

During a webinar, students hear and see a presentation, ask questions of the instructor and refer to handouts. With a phone and a computer with an Internet connection, students have all the benefits of a face-to-face class without leaving the walls of their credit unions.

For a complete list of classes, additional information and registration materials, visit training.cuna.org and select the “Webinars & eSchools” link, or call (800) 356-9655, ext. 4249.

###

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.

Copyright © 2008 - Credit Union National Association, Inc.