How to Identify Your Credit Union’s Critical Vendors
November 27, 2023
A free webinar brought to you by CUNA Strategic Services and Venminder.
Critical vendors are the vendors that demand the most attention throughout the third-party risk management lifecycle. Critical vendors don’t need to be avoided. In fact, every credit union has them.
It’s important that you can understand what a critical vendor is and how to identify them within your credit union because not only is it a best practice, but it’s also a regulatory requirement. Once you can identify your critical vendors, you need to know how to properly manage them from beginning to end of the third-party risk management lifecycle.
Watch this on-demand webinar to learn what exactly a critical vendor is, how to identify them within your credit union, as well as how to manage their potential risks.
Watch now to learn:
- What a critical vendor is
- How to identify critical vendors
- The differences between critical and high-risk vendors
- How to manage the risks that critical vendors pose
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.