Not a Credit Union so can't apply NCUA reqs, Community bank here but thank you
I too received a huge push back from my internal team regarding ongoing monitoring of these vendors so I reached out to NCUA for guidance. Ultimately we decided to remove the indirect dealers from Venminder and it is now the responsibility of ...
I would be interested in information on this as well.
Ok, how do you handle due diligence and classification of these type of relationships. I get a constant resistance from my internal team that these relationships aren't considered vendor relationship and they never want to do the due diligence ...
When it comes to insurance, obtaining a certificate is important. As part of due diligence, you'll want to ensure that the certificate is not expired and insurance coverage and type(s) are sufficient and in line with contractual obligations. ...
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