ROCKVILLE, Md. — Prince George's Community FCU and HealthcareSystems FCU are now using a Web-based risk management solution formanaging vendor relationships.
The VendorXpert system will help $103 million PGFCU of UpperMarlboro, Md., and $46 million HSFCU of Falls Church, Va., managethird-party relationships and comply with NCUA rules for duediligence.
Innovative Strategic Solutions LLC supplied the system fromFlorida-based Sydel Corp. and said it allows credit unions toperform risk assessment, monitoring and management of contractdates and clauses.
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