diff --git a/openstack/config/loader.py b/openstack/config/loader.py
index 030fc029b..e5ac28a75 100644
--- a/openstack/config/loader.py
+++ b/openstack/config/loader.py
@@ -448,35 +448,37 @@ class OpenStackConfig(object):
         # Expand a profile if it exists. 'cloud' is an old confusing name
         # for this.
         profile_name = our_cloud.get('profile', our_cloud.get('cloud', None))
-        if profile_name and profile_name != self.envvar_key:
-            if 'cloud' in our_cloud:
-                warnings.warn(
-                    "{0} use the keyword 'cloud' to reference a known "
-                    "vendor profile. This has been deprecated in favor of the "
-                    "'profile' keyword.".format(self.config_filename))
-            vendor_filename, vendor_file = self._load_vendor_file()
-            if vendor_file and profile_name in vendor_file['public-clouds']:
-                _auth_update(cloud, vendor_file['public-clouds'][profile_name])
+        if not profile_name or profile_name == self.envvar_key:
+            return
+        if 'cloud' in our_cloud:
+            warnings.warn(
+                "{0} uses the keyword 'cloud' to reference a known "
+                "vendor profile. This has been deprecated in favor of the "
+                "'profile' keyword.".format(self.config_filename))
+
+        vendor_filename, vendor_file = self._load_vendor_file()
+        if vendor_file and profile_name in vendor_file['public-clouds']:
+            _auth_update(cloud, vendor_file['public-clouds'][profile_name])
+        else:
+            profile_data = vendors.get_profile(profile_name)
+            if profile_data:
+                status = profile_data.pop('status', 'active')
+                message = profile_data.pop('message', '')
+                if status == 'deprecated':
+                    warnings.warn(
+                        "{profile_name} is deprecated: {message}".format(
+                            profile_name=profile_name, message=message))
+                elif status == 'shutdown':
+                    raise exceptions.ConfigException(
+                        "{profile_name} references a cloud that no longer"
+                        " exists: {message}".format(
+                            profile_name=profile_name, message=message))
+                _auth_update(cloud, profile_data)
             else:
-                profile_data = vendors.get_profile(profile_name)
-                if profile_data:
-                    status = profile_data.pop('status', 'active')
-                    message = profile_data.pop('message', '')
-                    if status == 'deprecated':
-                        warnings.warn(
-                            "{profile_name} is deprecated: {message}".format(
-                                profile_name=profile_name, message=message))
-                    elif status == 'shutdown':
-                        raise exceptions.ConfigException(
-                            "{profile_name} references a cloud that no longer"
-                            " exists: {message}".format(
-                                profile_name=profile_name, message=message))
-                    _auth_update(cloud, profile_data)
-                else:
-                    # Can't find the requested vendor config, go about business
-                    warnings.warn("Couldn't find the vendor profile '{0}', for"
-                                  " the cloud '{1}'".format(profile_name,
-                                                            name))
+                # Can't find the requested vendor config, go about business
+                warnings.warn("Couldn't find the vendor profile '{0}', for"
+                              " the cloud '{1}'".format(profile_name,
+                                                        name))
 
     def _project_scoped(self, cloud):
         return ('project_id' in cloud or 'project_name' in cloud
diff --git a/openstack/config/vendors/__init__.py b/openstack/config/vendors/__init__.py
index 3e1d20a5a..f46a64351 100644
--- a/openstack/config/vendors/__init__.py
+++ b/openstack/config/vendors/__init__.py
@@ -18,20 +18,25 @@ import os
 
 import yaml
 
-_vendors_path = os.path.dirname(os.path.realpath(__file__))
-_vendor_defaults = None
+_VENDORS_PATH = os.path.dirname(os.path.realpath(__file__))
+_VENDOR_DEFAULTS = {}
+
+
+def _get_vendor_defaults():
+    global _VENDOR_DEFAULTS
+    if not _VENDOR_DEFAULTS:
+        for vendor in glob.glob(os.path.join(_VENDORS_PATH, '*.yaml')):
+            with open(vendor, 'r') as f:
+                vendor_data = yaml.safe_load(f)
+                _VENDOR_DEFAULTS[vendor_data['name']] = vendor_data['profile']
+        for vendor in glob.glob(os.path.join(_VENDORS_PATH, '*.json')):
+            with open(vendor, 'r') as f:
+                vendor_data = json.load(f)
+                _VENDOR_DEFAULTS[vendor_data['name']] = vendor_data['profile']
+    return _VENDOR_DEFAULTS
 
 
 def get_profile(profile_name):
-    global _vendor_defaults
-    if _vendor_defaults is None:
-        _vendor_defaults = {}
-        for vendor in glob.glob(os.path.join(_vendors_path, '*.yaml')):
-            with open(vendor, 'r') as f:
-                vendor_data = yaml.safe_load(f)
-                _vendor_defaults[vendor_data['name']] = vendor_data['profile']
-        for vendor in glob.glob(os.path.join(_vendors_path, '*.json')):
-            with open(vendor, 'r') as f:
-                vendor_data = json.load(f)
-                _vendor_defaults[vendor_data['name']] = vendor_data['profile']
-    return _vendor_defaults.get(profile_name)
+    vendor_defaults = _get_vendor_defaults()
+    if profile_name in vendor_defaults:
+        return vendor_defaults[profile_name].copy()