Supporting Service Vendor Diversity as a CUSO
As CUSOs, we often like to believe our line of products and services are the best fit for everyone. However, as Bob Anderson suggests, one size does often not always fit all, and offering a wide selection of vendors to choose from can only benefit your credit unions in the long run.
NCUA Board Approves Proposal to Streamline FOM Applications
David Baumann of CUCollaborate shares the NCUA’s new ruling on field of membership applications as well as the organization’s calls for third-party vendor authority—a move the NCUA has been repeatedly campaigning for.
CUSOs Are Our Best Choice for a Strategic Partnership
Vic Pantea argues that while the world may be full of third-party vendors anxious to do business with your credit union, only CUSOs offer the full benefits of being a true owner and partner.
House Passes Bill on NCUA Third-Party Authority and Marijuana Banking
Last week, the House of Representatives passed the National Defense Authorization Act. Emily Claus details what parts of the bill impact credit unions and what changes can be expected.
NCUA Argues for Third-Party Vendor Authority in Capitol Hearing
The NCUA has made another bid for third-party vendor authority, this time focusing on AI technology. Citing shortcomings with small credit unions, the NCUA argues that their intervention is necessary for both security and financial reasons.
Choosing an EFT Vendor for Card Processing
EFT vendors are not one size fits all when it comes to what your members and your credit union need. Heather French walks through some considerations to keep in mind when choosing a vendor and how you can find the right partner for your credit union.
The Coterminous Advantage
Negotiating vendor contracts all at once may seem overwhelming, but Ed Jesionowski argues that it gives the credit union a great advantage in the long run.
What Is a SOC Report and Why Do You Need One? (Hint: Don’t Put It in the Laundry!)
Christen Lipschutz breaks down the various SOC reports, what’s in them, and how they can be beneficial for your credit union.
Managing Critical Vendor Relationships: More Process Than Tool
Having a vendor management tool can be a great boon, but it’ll take a sound plan and policy to manage your vendor relationships effectively. Jim Vilker shares his thoughts on what a good policy and procedures need to succeed.
Is Your Credit Union Interested in a Third Party Loan Origination System?
Pete Winninger of Lender*VP details how CU*Answers integrates third-party loan origination systems into its flagship platform to support their credit unions.
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