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Vendor Management Software for Credit Unions

Venminder is trusted by 1,200+ organizations to help
manage, assess, and mitigate vendor risks.

Credit unions are required by the NCUA to manage third-party risks.

 

Credit unions are required by the NCUA to identify, assess, and mitigate third-party vendor risks.  Cyberattacks on credit unions and their third-party vendors are also increasing, so it’s crucial to protect members’ sensitive information, especially when it’s in the hands of a third party.  

$5.9 million

is the average cost of a financial industry data breach

100,000

Members were victims of a third-party data breach at a credit union

58%

of credit union vendors may have critical system vulnerabilities

Managing vendor relationships is easy with Venminder! We provide access to qualified subject matter experts in many risk domains, allowing for accurate vendor risk reviews. Save hours of costly administrative work with Venminder’s automated reminders and emails, generated reports, document collection services, and risk assessments.  

Identify Risks and Reduce the Workload for Better Time Management  

Streamline due diligence and free up internal resources with Venminder's Control Assessments. Through Vendiligence™, order new or search for pre-completed assessments.

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Automated Administrative Tasks to Manage Vendor Risk

Our credit union vendor management software automations help send emails and questionnaires, assign the right risk assessment tasks to the right task owner, and generative reports. 

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Help Build Processes That Drive Consistency

As regulators scrutinize third-party risk management practices, it's important to have consistent practices with every vendor. With our vendor management solution for credit unions, you can build processes that can easily apply to each vendor relationship. 

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Access Skilled Expertise, such as SMEs, to Guide Program Success

With Venminder, you have access to many experts across various vendor risk domains, like information security, finance, and business continuity. These experts can review documentation and provide qualified opinions. 

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Read a Case Study

case-study-commonwealth-central-credit-union

 

See how CommonWealth Central Credit Union has built a strong vendor risk management program with Venminder.

The credit union needed to meet third-party risk management regulatory requirements with automation and risk ratings. They now use Venminder's assistance on financial analyses, risk grades, and reviewing vendor credentials. Read how Venminder has helped.

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Order Vendor Risk Assessments Online

Completed assessments can be searched, previewed and ordered directly from the Venminder Exchange

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