Q: Does “vendor/supplier” for TIP Charter include contractors?
A: It depends. It may include, on a case-by-case basis, employees of types of entities that have a “strong dependency relationship” and work directly with other types of entities within the industry. A “strong dependency relationship” between a TIP entity and its supplier/vendor must be demonstrated by the reliance on each other as measured by the presence of indicators of a likelihood that the absence of one would cause the other to suffer a material decline in either revenue, functionality, or productivity. A credit union seeking to include “vendors/suppliers” to an Industry type TIP must provide a narrative identifying indicators that support the existence of the strong dependency relationship between the TIP entity and its individual supplier/vendors.