Contract Law and What Your Credit Union Needs to Know

Learn more about factors you should consider when entering a third party vendor contract

Available until November 13, 2019

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Just because you can contract out certain services to third parties does not mean you can outsource your responsibilities for such services too. Third party vendor contracts are a great tool to help ensure that your financial institution can meet all of its obligations in an efficient manner – however, you should first know how to maximize the use of third-party vendor contracts while minimizing any and all risks.

In this webinar, we’ll provide a basic overview of third-party vendor contracts and discuss what you should consider before entering one.

Key Takeaways

  • Be prepared to gain knowledge about what you and your financial institution can, should, and hereafter will consider before committing to any new contractual relationship.
  • Learn how to effectively draft and execute them
  • Review applicable NCUA requirements and regulations
  • Understand why you should invest in an attorney to review them
  • Discuss what provisions you and your attorney will pay careful attention to, with particular emphasis on pricing, billing, governing law, venue, arbitration, and representations and warranties
  • Walk through effective risk management by examining effective liability waiver, indemnification, and confidentiality provisions

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$295 Members | $395 Nonmembers (Additional $50 for CD)

Live webinar and on-demand recording until November 13, 2019.

Already registered? Go to the Online Training Center to view live.

Who Should Attend?

Education Credits

  • NCCOs will receive 1.5 CEUs for participating in this webinar.
  • NCRMs can earn 1.5 CEUs for participating in this webinar.
  • CPA credit information is below; recommended 1.5 CPE credits.

CPA Certification Credit Information

  • Reviewer: Josie Collins, Education Manager, NAFCU
  • Learning Objectives: Just because you can contract out certain services to third parties does not mean you can outsource your responsibilities for such services too. Third party vendor contracts are a great tool to help ensure that your financial institution can meet all of its obligations in an efficient manner – however, you should first know how to maximize the use of third-party vendor contracts while minimizing any and all risks.
  • Program Level: Basic
  • Prerequisites Needed: None
  • Advance Preparation Needed: None
  • Delivery Method: Group Internet-Based
  • Recommended CPE Credits: 1.5 credits
  • Recommended Field of Study: Regulatory Ethics - Technical
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National Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more.

About Our Webinars

Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer.

About the Presenter

Dustin DeVore, Member, Kaufman & Canoles, P.C.
Dustin DeVore, Member, Kaufman & Canoles, P.C.

Member, Kaufman & Canoles, P.C.