ALEXANDRIA, Va. (8/24/15)--A letter to credit unions from the National Credit Union Administration details best practices for advancing workforce and supplier diversity.
The NCUA emphasizes that the policy statement is not a new rule or regulation, nor does it create any legal compliance obligations. It also willnot be incorporated into the review of diversity policies currently in the agency’s examination and supervision program.
Best practices for assessing diversity standards include:
The NCUA will collect voluntary self-assessments and will aggregate the information for the purpose of monitoring progress and trends of the credit union system’s diversity and inclusion programs.