Seminars

Vendor Due Diligence & Identity Theft Red Flags Compliance Workshop

December 3, 2008
Des Moines, IA
8:30 a.m. – 4:00 p.m. Local Time
Tuition: $219
Education Discounts: If your credit union has less than $15 million in assets, you’ll receive a discount on registration fees. Learn more.

IOWA CORPORATE CENTRAL ACCOUNT ACH PAYMENT OPTION

You can select ACH Debit on your registration form to pay directly out of your Iowa Corporate Central account. CUNA member access is required. Request web access today.

SEMINAR OVERVIEW

In light of regulatory compliance changes, we have added new content for Identity Theft Red Flags.

8:30 a.m. – Noon
Vendor Due Diligence and Third Party Contract Management
This year, the NCUA and the Iowa Credit Union Division made it very clear that third-party relationships are an important issue in their regulatory examinations. Almost every credit union entrusts some of its most sensitive member information and core business processes to third-party vendors. If something goes wrong with a third-party relationship, we all know who will get the blame -- your credit union’s management staff and board. Make sure your credit union is prepared to address this important topic!

1:00 – 4:00 p.m.
NEW! Identity Theft Red Flags
The Identity Theft Red Flags regulation goes into effect May 1, 2009. What will it mean for you and your credit union? How can you get ready? Get the answers at this valuable workshop! You’ll get the tools you need to create a significant portion of an identity theft prevention program: guidance on performing a risk assessment, sample policies, and advice on putting together an identity theft prevention program. You’ll also have opportunity to share information with other credit unions.

Schedule
8:00 – 8:30 a.m. Registration
8:30 a.m. – Noon Vendor Due Diligence
Noon – 1:00 p.m. Lunch
1:00 – 4:00 p.m. Identity Theft Red Flag

TOPICS & OBJECTIVES

Recent NCUA Guidance on Evaluation of Third-Party Relationships

From supervisory letters to the webinar, learn what the NCUA is telling us

Effective Planning for Third-Party Arrangements

Develop an accurate snapshot of your operations
Discuss the operational advantages of third-party vendor management

Credit Union-Wide Vendor Risk Assessments

Understand risk based assessments
Identify your critical vendors

Essential Elements of Vendor Due Diligence for New and Existing Vendors

Know how to conduct vendor background checks
Avoid common financial and accounting problems

Basic Contracting Tips

Understand key contract terms
Watch out for classic contract traps

Creating Solid Staff Oversight and Quality Control

Assign staff oversight functions
Draft effective policies and procedures

Managing Third-Party Risks

Use effective internal controls and audit functions
Learn about mitigation, transfer, and avoidance of risk

NEW! Identity Theft Red Flags

Identity theft statistics
Common identity theft scams
Red flags rule
Creating an identity theft risk assessment
Administering the identity theft prevention program
Changes of address
Creating policies and procedures
Educating members on identity theft prevention
Compliance checklists for fact act red flags rule
Responding to identity theft
Additional resources

INSTRUCTORS
Anne Whatley, CUCE
Anne Whatley is vice president of regulatory strategy for PolicyWorks. Anne is responsible for the delivery of PolicyWorks' regulatory services and new product development, while also working with individual credit unions to provide them with training and counsel on regulatory matters. Having previously served for many years as director of regulatory affairs for the Iowa Credit Union League, Anne has worked closely with credit unions and provided them guidance on a wide range of state and federal regulatory matters. Prior to joining PolicyWorks, she was an associate attorney with the Des Moines law firm of Whitfield & Eddy.

Andrea Stritzke, CUCE
Andrea is regulatory counsel for PolicyWorks, an affiliate of the Iowa Credit Union League. She monitors credit unions' regulatory issues, fields compliance questions, and presents educational sessions. Andrea has earned CUNA's Credit Union Compliance Expert (CUCE) designation and the BSA Compliance Specialist Certification. Prior to joining PolicyWorks, Andrea worked as a judicial clerk for the Iowa Court of Appeals.

2008 Seminars

Vendor Due Diligence & Identity Theft Red Flags Compliance Workshop

IOWA CORPORATE CENTRAL ACCOUNT ACH PAYMENT OPTION