Vendor Financial Red Flags Your Credit Union Should Watch For

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As part of third-party risk management, you should periodically review your vendor’s financial statements and monitor financial performance. When a vendor experiences a decline in financial performance, it often leads to the vendor cutting costs and can have an impact on the quality of your relationship, ultimately putting your credit union at risk. 

To protect your credit union, here are some red flags to watch for related to a vendor’s financial health so you can take appropriate action to reduce that risk.

Register now to learn:

• 3 financial statements to review
• What to look at in those vendor financial statements
• Red flags to watch for at your vendor that could mean they're financially struggling