Ncontracts was definitely the best choice for our credit union, said Lance Soma of Hawaii USA Federal Credit Union
Brentwood, Tennessee (PRWEB) November 25, 2013
Hawaii USA Federal Credit Union has chosen Ncontracts, the leading provider of vendor compliance and contract management services, to augment their compliance program by strengthening contract visibility and vendor oversight. The $1.3 Billion, 123,000 member credit union is located in Honolulu and is the largest credit union in Hawaii.
When asked about Ncontracts, Lance Soma of Hawaii USA said, “We considered several vendors before choosing Ncontracts. Their web-based solution, together with consulting services and paralegal support allow us to streamline what has become a very labor intensive process. Ncontracts was definitely the best choice for our credit union.”
Vendor management is a hot topic for credit unions, which face growing compliance costs. Michael Berman, CEO at Ncontracts, explains that “our services will help credit unions control costs, stay informed of approaching renewals and meet NCUA regulations. Every financial institution utilizing Ncontracts has successfully passed the third party risk management portion of their exam.”
About Hawaii USA Federal Credit Union
Hawaii USA Federal Credit Union is a not-for-profit federally insured financial cooperative owned and operated by our members. Chartered in 1936, we serve individuals in the field of education including employees, retirees, students and their parents of Oahu schools except secondary schools in Honolulu. For more information, visit https://www.hawaiiusafcu.com/.
Ncontracts® is a leading provider of vendor and contract management services in the United States. Ncontracts combines full service implementation services with a professional contract management application that provides clients with the ability to have insightful summaries of their contracts, alert notifications, and robust compliance services. Together, these features allow clients to reduce expenses, enhance profitability, and improve internal efficiencies. For more information, visit http://www.ncontracts.com.