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NCUA releases results of 2022 diversity self-assessment
The NCUA Wednesday released its 2022 Credit Union Diversity Self-Assessment (CUDSA) Results Report. The voluntary assessment is an opportunity for the NCUA to learn about credit unions’ diversity policies and programs and their challenges, allowing the agency to provide effective technical assistance and resources to enhance diversity programs.
The report identifies several areas of success, including:
- as a whole, respondents say their leadership is committed to diversity, equity, and inclusion (DEI) principles and standards;
- there is an increase in the number of women and Hispanic leaders; and
- respondents have an active engagement in DEI outreach efforts.
In addition, several areas of improvement were outlined, such as:
- increasing credit unions’ engagement in supplier diversity principles and practices;
- increasing credit unions’ transparency in diversity and inclusion practices and demographics, within the bounds of their field of membership and within their organization and the communities they serve;
- developing of a DEI strategic plan that is sustainable and measurable; and
- increasing the number of credit unions that consecutively submit the CUDSA each year.
The NCUA noted that 481 credit unions submitted the assessment in 2022, with 302 federally-chartered credit unions, 178 federally-insured and state-chartered credit unions, and one non-federally-insured, state-chartered credit union participating.
Credit unions are encouraged to complete the 2023 Credit Union Diversity Self-Assessment by the Jan. 31, 2024, deadline.
View the full report. More information on the CUDSA is available on the NCUA’s website and YouTube Channel.