Blogs
Recent news, articles, posts
Keep calm and exam on!
We know you have engaged Maple Street to assist with managing your vendors, but did you know we’re also here to help you pass your exam?
You don’t have time for due diligence reviews
You don’t have time to fully review all of the due diligence documentation every year for every critical and important vendor you’re responsible for. We have a time-saving solution that will help!
Credit unions closed more branches in 2020 than ever before
The Credit Union Times recently reported third-and-fourth quarter data released by the NCUA revealed a 12-month trend in branch closings throughout the United States and its territories. This decline resulted in 449 branch closings in 2020.
Is Your Vendor Management Program Limping Along?
As we move into the second quarter, now is a great time to assess how your vendors are performing during a period when technology is critical to meeting your members’ or customers’ needs.
WESTconsin: One negotiation sparks a decade of partnership
In 1939, as the U.S. was beginning to recover from the Great Depression and working to regain confidence in banking institutions, seven residents of Menomonie, Wisconsin applied for a charter to establish Menomonie Farmers Credit Union.
Community Credit Union of Florida: How Vendor Contract Negotiations Helped Keep Focus on Members
In the early 1950s, a group of 10 teachers in Titusville, Florida, united to form a member-owned financial cooperative for fellow community educators.
Business Impact Reports: A Better Way to Manage Your Contracts
For those who haven’t heard of a Business Impact Report, or BIR, it’s an interactive tool Maple Street creates for our clients to help gain an accurate inventory of incomplete vendor contracts for compliance / due diligence throughout the year to maintain an on-going healthy vendor program.
ROA in the Danger Zone? Vendor Management Can Build Your Earnings
A recent CUNA forecast predicts credit unions’ ROA will fall over the next two years. The study revealed credit union earnings would remain depressed because of lower interest rates and less non-interest income.
How a Smart Bank Left Negotiation to the Pros And Saved $1.6 Million
Learn how Maple Street saved First National Bank of Granbury over $1.6 million and kept a major vendor accountable after the deal was over.
Do vendors have your customers on ice?
The violent winter storm that slammed Texas did damage well beyond the Lone Star State. Credit unions and community banks across the country were scrambling to deal with disrupted service because a server was located in the pathway of the storm. In a situation like this, you’d expect the vendor to resolve the problem quickly, right?
Get laser focused on managing your vendors now!
Request a meeting with a professional vendor management expert today
