WASHINGTON – CUNA has established a “Due Diligence Task Force” to explore a variety of due-diligence responsibilities, in particular those related to third-party vendors.
Henry Wirz, CEO of SAFE CU, North Highlands, Calif., is chairing the group, which will report to the CUNA board. The group is charged with developing resources and best practices for assessing, controlling and monitoring risks associated with third-party vendor agreements and performance.
The task force also is expected to create a means by which CUs can communicate their concerns to CUNA, and in turn CUNA can share these concerns with regulators.
Other members of the task force include: Bill Raker CEO, U S FCU, Burnsville, Minn.; Mary Ann Clancy, general counsel, Massachusetts CU League, Marlborough, Mass.; Tom Dare, associate general counsel, CUNA Mutual Group, Madison, Wis.; Charles Emmer, CEO, Ent CU, Colorado Springs, Colo.; Dave Fearing, vice president sales/services, Ohio CU League, Dublin, Ohio; Tom Gaines, CEO, Tennessee CU League, Chattanooga, Tenn.; Joseph Ghammashi, vice president and risk officer, Corporate One FCU, Columbus, Ohio; Debie Keesee, CEO, Spokane Media FCU, Spokane, Wash.; RoxAnne Kruger, senior vice president/business and member development, Washington CU League, Federal Way, Wash.; Erin Mendez, senior vice president, IS and Finance, Orange County Teachers FCU, Santa Ana, Calif.; Dave Osborn, CEO, Anheuser-Busch Emp. CU, St. Louis, Mo.; Earle Pierce, director/internal audit, Community First CU of Florida, Jacksonville, Fla.; Lisa Pleasure, director/internal audit, CommunityAmerica CU, Lenexa, Kansas; John Sackett, board chair, Royal CU, Eau Claire, Wis.; Christina Vaughn, compliance officer, Municipal ECU of Baltimore, Baltimore, Md.
