EVENT: Vendor Management (Session Code: 648)
This presentation will establish the importance of vendor management and describe what credit unions must do to meet NCUA expectations. We will also discuss whether credit unions should outsource vendor management or attempt to handle the vendor management function in-house. Importantly, we will address which contracts are “covered,” how to perform a risk assessment, and what to do with it. We will also consider how requesting vendor contracts up-front in the request for proposal stage can actually increase a credit union’s leverage during the negotiation process. Finally, we will discuss tips and tricks to make due diligence over service providers easier.

Illinois Pricing:
Affiliate: $ 100.00
Non-Affiliate: $200.00

Out of State Pricing:
Regular: $ 150.00

Contact: Cheryl Washington (Illinois Credit Union League)
Phone: 630-983-3417
Fax: 630-983-3212
Email: cheryl.washington@ilcusys.org

Speaker: Dan Loritz
Speaker Bio:
Dan Loritz received his Bachelor of Arts degree in Business Economics and graduated with honors from the University of California at Los Angeles (UCLA). He graduated from Loyola Law School as a Dean’s Scholar. Dan is a frequent speaker at Credit Union industry events concerning legal and compliance topics and is the author of numerous publications.


Location 1:
Telephone - October 07, 2014: 10:00 am CT
Duration: 11:00 am CT

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