ALEXANDRIA, Va. (April 18, 2023) – The National Credit Union Administration released its Office of Minority and Women Inclusion (OMWI) Annual Report to Congress on the agency’s diversity, equity, and inclusion (DEI) programs and initiatives in 2022. The report also outlines the agency’s efforts in ensuring fair and inclusive business practices and assessing its regulated entities’ diversity policies and practices.
“For the U.S. credit union system to achieve its full potential and achieve its mission of meeting the savings and credit needs of members, especially those of modest means, diversity, equity, and inclusion must be at the forefront of our work at the NCUA,” Chairman Todd M. Harper said. “That’s why we encourage diversity throughout the credit union system, not only in the interest of the public good but also for the success and well-being of hardworking families in all communities, both now and in the future.”
The OMWI 2022 Annual Report to Congress features a number of accomplishments:
- 481 credit unions (302 federal, 178 state-chartered, and one non-federally insured credit union) submitted a voluntary Credit Union Diversity Self-Assessment in 2022, up from 240 submissions in 2021.
- 45.0 percent of the NCUA’s total reportable contracting dollars for the year were awarded to minority- or women-owned businesses, and 38.5 percent of contract payments made during the year went to these vendors.
- 40.2 percent of new NCUA hires in 2022 were people of color.
- 17.1 percent and 4.3 percent of the NCUA’s workforce self-identify as having disabilities and targeted disabilities, respectively. Since 2017, the NCUA has consistently exceeded the federal employment rate goals for employees with disabilities and employees with targeted disabilities.
- 28.9 percent of the NCUA’s workforce participated in employee resource groups. This continues to position the agency at nearly three times the industry-standard membership goal of 10 percent of an organization’s workforce.
The NCUA’s OMWI is responsible for measuring, monitoring, and establishing policies for diversity and inclusion in the NCUA’s management, employment, and business activities. OMWI programs and services comply with the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 to develop and promote standards for workforce diversity, supplier diversity, and equal employment opportunity and to assess the diversity policies and practices throughout the credit union industry.
The office’s Equal Employment Opportunity function affords employees’ rights and protections available under federal antidiscrimination, whistleblower protection, and retaliation laws.