ALBANY, N.Y. and ELIZABETHTOWN, Ky. (12/6/13)--The Credit Union Association of New York (CUANY) has entered a strategic partnership agreement with vendor management solution provider Digital Compliance.
Through the partnership, credit unions served by CUANY and its affiliates can access Digital Compliance's 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 CUANY 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's Venminder, is an online vendor management tool with modules for contract management, document acquisition, exam preparation and risk assessment.
CUANY affiliates Covera, CUC Mortgage Corporation and UsNet will also use Venminder to provide client credit unions with their required vendor due diligence documentation.