The deadline to complete and submit the voluntary Credit Union Diversity Self-Assessment is approaching, a credit union’s self-assessment is due to NCUA by Jan. 31.
The Credit Union Diversity Self-Assessment is designed to help credit unions evaluate and advance their diversity policies and practices. Credit unions can voluntarily use the online tool to create a baseline for action, such as making the commitment to develop new products and services aimed at addressing the needs of communities of color, increasing investment in underserved areas, or improving community marketing and outreach.
The voluntary self-assessment is not part of the examination process. Completing an assessment will not impact your CAMELS rating. There are many benefits in confidentially sharing your diversity, equity, and inclusion journey with the NCUA, but it will not be used in the supervisory process.
The information you confidentially submit in the self-assessment goes directly to the NCUA’s Office of Minority and Women Inclusion, which aggregates the data and only shares the results anonymously in the NCUA’s annual OMWI Congressional Report and Voluntary Credit Union Diversity Self-Assessment Results Report. The NCUA will not publish any information identifying a particular credit union or individual without written approval.
Broad participation by all credit unions helps the NCUA report more meaningful data. Credit unions of all sizes, especially those with 100 or more employees, are encouraged to complete the voluntary Credit Union Diversity Self-Assessment.