6 Questions to Identify Critical Vendors at Your Credit Union
By Venminder
June 2022
Companies that provide products and services that your credit union is highly dependent on are considered “critical”. However, it’s challenging to establish internal rules for deeming who exactly are those critical vendors.
This infographic covers six questions that you can use to help your team make that determination of which vendors are critical vs non-critical.
Download the infographic to learn:
- How to decide vendor criticality
- Examples of critical third parties at your credit union
- The differentiation between a critical and high-risk vendor
About 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.