Financial institutions covered by the National Credit Union Administration (NCUA) with deposit insurance are subject to comply with Affirmative Action Program obligations under Executive Order 11246, the Vietnam Era Veterans’ Readjustment Assistant Act (VEVRAA), and Section 503.
With credit unions prioritizing diversity, equity and inclusion (DEI) work, and the Biden-Harris Administration’s interest in enforcing measures related to the Office of Federal Contract Compliance Programs (OFCCP), credit unions should remain proactive and ensure they are in full compliance.
This episode of the CUNA News Podcast features Chris Lindholm, vice president of compliance at OutSolve. He outlines steps to take to ensure compliance, shares commonly overlooked details to take note of, and explains the consequences of noncompliance.
Lindholm has been involved in affirmative action planning for more than 20 years, assisting clients with OFCCP audit support, training, and Equal Employment Opportunity compliance, including implementation of Federal Affirmative Action Plans for thousands of federal contractors.
This episode was recorded on March 2, 2021.
In this episode:
2:06: Understanding affirmative action obligations
3:30: Priorities for the new administration
6:34: Steps to ensuring compliance
8:19: Collaboration between departments
10:28: Commonly overlooked details
15:49: Potential consequences of noncompliance
18:15: How to find guidance from outside sources