NCUA Letter to Credit Unions
Subject: Due Diligence over third party service providers
In November of 2001 NCUA released a bulletin addressing third party service providers in the lending arena. This bulletin emphasized the importance of the Credit Unions responsibility to do their due diligence before entering into any agreement with a third party provider.
Bullet points were offered by the NCUA in this bulletin relating to a due diligence review that should be performed by all credit Unions. CURE has responses showing how we pass each of these points in the due dilligence test with extraordinary success.
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See CURE's specific responses to the due dilligence review recommended to credit unions by the NCUA.
CURE's response |
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