More than half (52%) of credit union CEOs are female, according to CUNA research, compared with only 5% of commercial bank and 6% of Fortune 500 CEOs. This is according to a recently released CUNA policy analysis issue brief showing the results of its research into CEO gender.
“CUNA and the credit union system strongly value diversity and inclusion, and our vigorous research into the subject shows that the credit union system lives up to these principles,” said CUNA President/CEO Jim Nussle. “Females are significantly underrepresented in management positions in the financial services industry, so we’re proud that credit unions create and sustain opportunities for female leaders to serve their members and communities.”
CUNA’s research also found that even when accounting for institution size, credit unions have significantly more female representation in leadership roles. For example, at institutions between $1 billion and $3 billion in assets, 14.2% of credit union CEOs are female, compared to 3.6% of bank CEOs.
Other highlights of CUNA’s research include: