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 2008 Seminars

Vendor Due Diligence & Third Party Contract Management

October 2, 2008
Savannah, GA
9:00 a.m. – 4:00 p.m. Local Time
Tuition: $199
($219 after September 1, 2008) Credit unions under $10 million in assets receive a 25% discount. Please call or e-mail for more information.

NEW ACH PAYMENT OPTION

You can now select ACH Debit on your registration form to pay directly out of your account. CUNA member access is required. Request web access today.
Also available: October 1, 2008
 
SEMINAR OVERVIEW

This is the NCUA hot topic for the year. Almost every credit union entrusts some of its most sensitive member information and core business processes to third party vendors. If something goes wrong with a third party relationship, we all know who will get the blame —your credit union! Attend this workshop to make sure your credit union has effective vendor management policies and procedures in place.


TOPICS & OBJECTIVES

1. Recent NCUA guidance on evaluation of third party relationships

  • From supervisory letters to webinars, what NCUA is telling us

2. Effective planning for third party arrangements

  • Getting an accurate snapshot of your operations
  • The role of strategic planning
  • Operational advantages of third party vendor management

3. Credit union wide vendor risk assessment

  • Performing a vendor census
  • Understanding risk based risk assessments
  • Identifying critical vendors

4. The essential elements of vendor due diligence

  • Vendor background checks
  • Financial and accounting traps to avoid
  • The myth of the SAS 70

5. Basic contracting tips

  • Understanding key contract terms
  • Secrets of vendor negotiation
  • Avoiding classic contract traps

6. Creating solid staff oversight and quality control

  • Assigning staff oversight functions
  • Drafting effective procedures
  • Creating a vendor management cycle

7. Managing third party risks

  • Internal controls and audit functions
  • Mitigation, transfer and avoidance of risk
  • Effective problem resolution procedures

For more program content information or to request a brochure call 800-356-9655, ext. 4882, or email abollman@cuna.coop. For registration questions, call 800-356-9655, ext.4400 or e-mail reginfo@cuna.coop.

Affiliation with CUNA/League is required for attendance.
LOCATION
HYATT REGENCY SAVANNAH
2 W Bay St
Savannah, GA 31401-1107
Phone: (912)238-1234
Reservations: (800)233-1234
Fax: (912)944-3678

 
INSTRUCTORS
David A. Reed
David Reed, founder of CU Doctor, is an author, consultant, and nationally recognized speaker. He provides guidance to credit unions concerning a variety of matters, including credit union policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. A former bankruptcy attorney and vice president and general counsel for a large credit union, David is particularly noted as an expert in the areas of bankruptcy and collections.

WHO SHOULD ATTEND
This session is designed for all management, executives, CEOs, and compliance professionals who work with third party vendors.

FREE PUBLICATIONS
Try one of these publications free when you register for this program!

  • Credit Union Magazine (6 months free!)
  • Directors Newsletter (6 months free!)

Find out more about these publications


CANCELLATIONS
Cancellations received in writing (via fax 608-231-4327) before the end of business on September 24, 2008 are eligible for a refund of the amount paid minus a $50 administrative fee. No refunds will be granted for cancellation requests received after September 24, 2008. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.