Initiatives
VMAlliance
Launching Q2/2008
VMAlliance is a ground breaking, vendor risk management solution that provides resources and powerful online tools to help all credit unions efficiently and comprehensively manage the industry’s requirements for vendor due diligence, risk assessment, monitoring, and regulatory compliance. VMAlliance brings credit unions together with their vendors through an industry-wide, information-sharing consortium that defines standards and best practices in association with the NCUA, and eliminates the redundancy, inconsistency and inefficiencies of current vendor management efforts. Vendor Management is an individual responsibility, it shouldn’t be an independent effort. Through the VMAlliance credit unions can now leverage a consensus group and an extensive resource of current vendor due diligence information. For more information visit www.vmalliance.org
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