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“Key Examination Issues for 2008: Evaluation of 3rd Party Relationships and Strategic Planning” Webinar Featuring Board Member Hyland Now Live and Available for Viewing

Alexandria, VA, March 7, 2008 – The “Key Examination Issues for 2008: Evaluation of 3rd Party Relationships and Strategic Planning” webinar facilitated by National Credit Union Administration (NCUA) Board Member Gigi Hyland on January 29, 2008, is available for viewing. To view the webinar, please access the following link: Click Here

The frequently asked questions from the webinar will be available shortly on NCUA’s website.

The one hour and half hour webinar provided registered participants from credit unions and state leagues an opportunity to learn more about key examination issues for 2008. Joining the webinar was NCUA staff members Dominick E. Nigro, Jr, Information Systems Officer in the Office of Examination and Insurance, and Debra J. Tobin, Supervisory Examiner, Economic Development Specialists in the Office of Small Credit Union Initiatives, to discuss third party relationships and strategic risk and planning, respectively.

“I encourage credit union and league officials to view the “Key Examination Issues for 2008: Evaluation of 3rd Party Relationships and Strategic Planning” Webinar to learn more about how being proactive regarding risk assessment, planning, and due diligence relating to third party vendors helps ensure safe and sound credit union operations,” said Board Member Hyland.

“Dominick and Debra did an excellent job providing an overview of the more prominent and important role third party relationship and strategic risk and planning are playing in credit union management. In addition, I appreciate my fellow NCUA colleagues who worked hard to help make this webinar a success. The audience provided thoughtful questions which enhanced the webinar and made for a well rounded forum,” added Hyland.

The webinar highlighted several examination issues for 2008, including:

• Practical implications of the recently released Letter to Credit Unions on Evaluation Third   Party Relationships (07-CU-13) , and
• Strategic planning considerations for management and boards of directors.

The National Credit Union Administration is the independent federal agency that regulates, charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, also operates and manages the National Credit Union Share Insurance Fund (NCUSIF), insuring the deposits of over 85 million account holders in all federal credit unions and the majority of state-chartered credit unions.