VendorRisk for credit unions
Vendor management software for credit unions, sized for small teams
VendorRisk gives credit unions a structured vendor program without an enterprise price or an IT project: one register of vendors and CUSOs, due diligence the vendor completes online, and a record ready for your NCUA or state examiner.
- Plans from $8,000 per year
- Unlimited users
- No long-term contract
What a credit union's vendor program has to show
Every vendor and CUSO in one register
Each relationship with a risk level, an internal owner and its documents, including parent and subsidiary relationships.
Due diligence without the email chase
Vendors complete questionnaires and upload documents in a secure guest portal; scoring and flagging happen automatically.
Risk tiers that set the review schedule
Score risk with your own templates and tie each vendor's risk level to how often it is reviewed.
Contracts and renewal dates you can see
Track start, end and notice dates with automated email reminders, and record the provisions each contract contains.
Board and committee reporting
Route reviews through a committee for documented sign-off, and export reports to Excel or PDF.
Member complaints, tracked to resolution
Log, assign and resolve member complaints in a structured, auditable system.
A small team can keep it running
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Weekday alerts do the remembering
Email alerts arrive at 8 AM each weekday in your time zone, listing what is due and what is expiring. Dashboard → -
One action covers many vendors
Create reviews or request documents for a whole group of vendors at once, on a schedule if you like. Bulk actions → -
A grade shows where the gaps are
With vendor grading turned on, each vendor record gets a letter grade from A to F, updated nightly, with a list of what to fix. Vendor management →
Common questions
- Is pricing based on asset size?
- No. Pricing is published and based on the modules you choose and the number of vendors you manage. Plans start at $8,000 per year for four core modules and up to 50 vendors.
- We have a compliance team of one. Is this too much software?
- No. You buy only the modules you need, and there are no per-user fees. The $8,000 starting price covers vendor management, contract management, due diligence reviews and risk assessments.
- Can we track our CUSOs the same way as other vendors?
- Yes. A CUSO is recorded like any other third party, and you can map parent, subsidiary and other relationships between vendor records.
- Can someone help us run the program?
- Yes. Our managed services partners can collect documents, conduct due diligence reviews and help with policies and procedures.
Also see
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