CUs Deploy Vendor Relationship Tools

ROCKVILLE, Md. -- Prince George's Community FCU and Healthcare Systems FCU are now using a Web-based risk management solution for managing vendor relationships.

By Marc Rapport | September 04, 2008 at 12:11 PM

ROCKVILLE, Md. — Prince George's Community FCU and Healthcare Systems FCU are now using a Web-based risk management solution for managing vendor relationships.

The VendorXpert system will help $103 million PGFCU of Upper Marlboro, Md., and $46 million HSFCU of Falls Church, Va., manage third-party relationships and comply with NCUA rules for due diligence.

Innovative Strategic Solutions LLC supplied the system from Florida-based Sydel Corp. and said it allows credit unions to perform risk assessment, monitoring and management of contract dates and clauses.

ISS (www.issone.com) is a Rockville-based provider of collection outsourcing, credit card processing, training conferences and software solutions to credit unions.

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