Albany, NY & Elizabethtown, KY – The New York Credit Union Association (NYCUA) has finalized a strategic partnership agreement with Digital Compliance, a provider of industry-leading vendor management solutions. Through the partnership, credit unions served by NYCUA and its Affiliates (Covera, CUC Mortgage Corporation and UsNet) will have convenient access to Digital Compliance’s dynamic, online vendor management hub for compliance documentation, contract management and guided exam report preparation.
“As part of our ongoing commitment to reducing credit unions’ compliance burden, we have been actively seeking a provider that can simplify and streamline the vendor management process credit unions face,” said NYCUA President/CEO William J. Mellin. “Digital Compliance is a leader in this arena, and we are very excited to launch this new partnership.”
Digital Compliance has been providing credit unions with document acquisition services since 2003. The organization’s premier solution, Venminder, is an online vendor management tool featuring modules for contract management, document acquisition, exam preparation and risk assessment. Launched in early 2013, it is currently utilized by more than 1,000 users from financial institutions, vendors, consultant firms and regulatory agencies.
“Our solutions help credit unions make the most of their vendor relationships while managing the risk inherently involved in these outsourcing activities,” said Digital Compliance President/CEO Kelli Schultz. “NYCUA is passionate about listening closely to their member credit unions’ needs and took the job of identifying a partner to help extremely seriously. We’re delighted to partner with such a talented team of professionals.”
Moving forward, Covera, CUC Mortgage Corporation and UsNet will also use Venminder to provide client credit unions with their required contracts and reports.
To learn more about NYCUA’s strategic partnerships, visit www.nycua.org/strategic-partners
About New York Credit Union Association
The Credit Union Association of New York has served as the trade association for the state’s credit unions since 1917. New York credit unions have assets of more than $65 billion and serve 4.9 million members. To learn more about NYCUA, visit www.nycua.org. To find a credit union or learn more about the credit union movement, visit www.asmarterchoice.org.
About Digital Compliance
Digital Compliance revolutionizes the vendor management experience with Venminder, a cloud technology solution that serves credit unions in the complex vendor management eco-system. With Venminder, a credit union can meet all regulatory and business management requirements. Venminder is a vendor management tool offered in modules with flexible capacity options. For more information, visit www.digitalcomply.com.