{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC","title":"Evaluating Third Party Relationships NCUA Letter 07-CU-13 ","html":"","width":"100%","height":180,"duration":1678,"description":"Evaluating Third-party Relationships for Credit Unions: A Podcast with Samantha SharesIn this episode, Samantha Shares discusses the NCUA's letter to credit unions on evaluating and managing third-party relationships. These relationships have been increasing in recent years, offering potential benefits but also amplifying risks. The key areas of risk assessment, due diligence, and risk measurement, monitoring and control are explored. Samantha also highlights the key aspects of third-party relationships such as planning, initial risk assessment, due diligence, financial projections, operational controls, contract issues, legal review, and accounting considerations. The podcast is aimed at assisting credit unions navigating third-party relationships, ensuring they meet their strategic goals while safeguarding member assets and ensuring sound operations.00:05 Introduction and Sponsorship01:00 Understanding Third-party Relationships04:18 Risk Assessment and Planning05:13 Risk Assessment and Planning Considerations09:32 Due Diligence for Third-party Relationships19:59 Risk Measurement, Monitoring and Control of Third-party Relationships24:31 Summary and Conclusion25:18 Appendix A: Areas for Consideration28:05 Appendix B: List of Resources28:15 Final Remarks and Contact Information","thumbnail_url":"https://img.transistorcdn.com/DblKo84_Ha6-XOQnfj5k1wmxCkQHeB53BeeKc2eI7dM/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzQ4MTk5LzE3MDM4/NTQxOTktYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}