NCUA released its Office of Minority and Women Inclusion (OMWI) annual report, which provides an overview of the NCUA’s diversity and inclusion programs and initiatives in 2021. The report also highlights the agency’s efforts to ensure fair and inclusive business practices as well as assess the diversity policies and practices of the entities it regulates.
Among the accomplishments highlighted in the report:
42.4% of new hires in 2021 were people of color.
17.4% and 4.5% 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 for employees with targeted disabilities.
25.4% of the NCUA’s workforce participated in employee resource groups, more than twice the benchmark participation rate for successful programs like these.
240 federally insured credit unions submitted Voluntary Credit Union Diversity Self-Assessments in 2021, up from 188 submissions in 2020.
36.8% of NCUA’s total reportable contracting dollars for the year were awarded to minority- or women-owned businesses.
NCUA’s Office of Minority and Women Inclusion oversees all agency matters relating to measuring, monitoring, and establishing policies for diversity in NCUA’s management, employment, and business activities. The office assesses the diversity policies and practices of NCUA’s regulated entities excluding the enforcement of statutes, regulations, and executive orders pertaining to civil rights.
The Equal Employment Opportunity function within the office affords employees their rights and protections available under federal antidiscrimination, whistleblower protection, and retaliation laws.
The Winter 2023 issue of Credit Union Magazine explores award-winning marketing, board training on a budget, developments in instant payments, service to small businesses, and NCUA’s final rule on member expulsion.
