Your partner in third-party risk management.
Who is Venminder
Venminder is an innovative, customer-motivated company that is mission-driven to help solve the many challenges organizations face when managing risks from outsourcing to third parties.
Venminder provides a dedicated platform to empower effective end-to-end lifecycle management and mitigation of third-party risks. Venminder creates long-term collaborative partnerships with their customers, providing implementation assistance, product and best practices training, ongoing support, access to expertise and more.
How a strategic alliance with Venminder benefits credit unions
The financial services market has the most prescriptive guidance for third-party risk management. The consequences of not meeting these regulations can be costly to a credit union. By partnering with Venminder, you can leverage the SaaS platform and/or risk assessments plus continuous monitoring tools, to create consistent processes in managing the third-party risk management lifecycle of your vendors.
Whether your credit union is just getting started with third-party risk management or has a mature program, Venminder’s team of experts employ a highly consultative approach to take your program where it needs to be.
Why choose Venminder
Venminder is recognized as a leader of third-party risk by industry analysts and receives the highest ratings within customer reviews among Gartner Peer Insights & G2. Today, over 1,200 organizations of all sizes and maturity are partnered with Venminder to drive process consistency and efficiency by reducing the overall due diligence workload and to gain valuable insight among the risks their third parties are posing to their organization.
- Build a sustainable program & processes that drive consistency: Purpose-built configurable software platform that centralizes "all things vendor" and allows your team to effectively collaborate together for program efficiency.
- Identify risks and reduce the workload: Streamline due diligence and avoid needing to add costly internal resources by leveraging Venminder's Control Assessments & monitoring solutions. Their team includes: Third Party Risk Advisors, Certified Information Systems Security Professional (CISSPs), CPAs, financial risk analysts, paralegals and more.
- Create a culture that drives industry best practices: Drive and support continued awareness of best-in-class third-party risk management practices through their library of educational content and training.
Connect with Venminder
Talk to one of our CUNA Strategic Services alliance managers to learn more about Venminder. We’ll help you identify and evaluate the best solution for your credit union.
Venminder has exclusive pricing and a white-glove onboarding program reserved for CUNA Strategic Services and the credit unions and leagues with whom we work.
How to Manage Vendor Risk at Your Credit Union With Due Diligence
Learn why having a strong vendor due diligence program is important and also a regulatory requirement.
How to Know Whether Your Vendor Is Low-Value or High-Value
Learn how to determine your vendors' value as well as how you can get the most from them.
Guidelines for Offboarding a Vendor
Offboarding a vendor is a critical aspect of your credit union’s third-party risk management program.
Regulatory Guidance and Best Practices for Third-Party Risk Management Programs
Learn actual third-party risk management regulations your credit union should follow along with other helpful information and tips to comply.
Reports to Maintain for Your Third-Party Risk Program
Download this infographic to help identify which reports to have on hand, what data they should include and how to start creating them.
How to Implement ESG Into Your Third-Party Risk Management Program in Seven Steps
Learn how to implement environmental, social and governance (ESG) into your third-party risk management program.
Third-Party Risk Management Glossary
Download this eBook for a glossary of the top third-party risk management terms and phrases that will help you be successful.
Issues in Your Third-Party Risk Management Program and How to Manage Them
Vendor relationships will never be perfect, which is why issue management is a necessary component that will prevent larger issues down the line.
How to Review Your Vendor’s Business Continuity, Disaster Recovery and Pandemic Plans
Take a deeper dive as you walk through what to look for to ensure that your vendor has the right plans to protect your credit union.
Basics of Developing Metrics in Your Third-Party Risk Management Program
Developing key metrics for your credit union’s third-party risk management platform is essential in evaluating a vendor’s health and stability.