NCUA released its Office of Minority and Women Inclusion (OMWI) Annual Report to Congress on the agency’s diversity, equity, and inclusion (DEI) programs and initiatives in 2022.

The report also outlines the agency’s efforts in ensuring fair and inclusive business practices and assessing its regulated entities’ diversity policies and practices.

Highlights from the OMWI 2022 Annual Report to Congress include:

• 481 credit unions (302 federal, 178 state-chartered, and one non-federally insured credit union) submitted a voluntary Credit Union Diversity Self-Assessment in 2022, up from 240 submissions in 2021.
• 45% of NCUA’s total reportable contracting dollars for the year were awarded to minority- or women-owned businesses, and 38.5% of contract payments made during the year went to these vendors.
• 40.2% of new NCUA hires in 2022 were people of color.
• 17.1% and 4.3% of 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 employees with targeted disabilities.
• 28.9% of the NCUA’s workforce participated in employee resource groups. This continues to position the agency at nearly three times the industry-standard membership goal of 10% of an organization’s workforce.

OMWI is responsible for measuring, monitoring, and establishing policies for diversity and inclusion in the NCUA’s management, employment, and business activities.

OMWI programs and services comply with the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 to develop and promote standards for workforce diversity, supplier diversity, and equal employment opportunity and to assess the diversity policies and practices throughout the credit union industry.

The office’s Equal Employment Opportunity function affords employees’ rights and protections available under federal antidiscrimination, whistleblower protection, and retaliation laws.