Review of Information System Vendors - NCUA

GuidanceNational Credit Union Administration (NCUA)Risk Management

POLICY STATEMENT FOR THE REVIEW OF INFORMATION SYSTEM VENDORS

The National Credit Union Administration (NCUA) has established a program to perform on-site examinations of information system vendors. This program was initiated because of the critical importance automated information systems have to many credit unions. There is the potential for a high degree of risk to credit unions and the National Credit Union Share Insurance Fund should problems occur with these vendors or their products. Assessing this potential risk, with both individual vendors and the industry as a whole, is a key element of this examination program.

> Read entire regulation (log in required - registration is free)