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Vendor Performance Management Case Study

SkyPoint Federal Credit Union

Skypoint FCU - Building Image 2.1-min

Executive Overview

County Employees Federal Credit Union (MCEFCU), now SkyPoint FCU. The credit union has been successfully serving this community and the surrounding region, growing exponentially over the years and experiencing steady loan portfolio growth.

Challenges

Struggling to collect and organize high volume of vendor data
Time-consuming and overwhelming processes posed a hurdle to compliance
Needed a way to comply with NCUA’s more stringent vendor management rules

Solutions
 

Results Achieved

Saved

 

Saved over $1 million

 

Grew

 

53% asset growth and 116% rise in total loans

 

Increased

 

18% membership increase

 

Want to Know the Full Story? Download the Case Study.

Want to Know the Full Story? Download the Case Study.