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LAS VEGAS — Speaking this morning at NACUSO’s annual conference NCUA Board Member Gigi Hyland reassured attendees that the agency has safety and soundness in mind when it directs examiners to take a closer look at the third-party relationships that credit unions form to bring additional services to members.

“The process begins with how do you start evaluating vendors,” Hyland said. “The due diligence process involves asking what direction are you going in and once the vendor is chosen, the contracts are critical.”

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