Supplier diversity awards up at NCUA, workforce diversity down in 2014

April 1, 2015
ALEXANDRIA, Va. (4/2/15)--Total dollars awarded to minority and women-owned National Credit Union Administration suppliers increased by 49% in 2014 from the previous year, the agency announced Wednesday.

The agency awarded $12.4 million to such businesses, in 2014, compared with $8.3 million in 2013.

The NCUA's Office of Minority and Women Inclusion's 2014 report to Congress is required by the Dodd-Frank Act. The report notes that the total dollars awarded to minority and women-owned businesses in 2014 were 29% of the agency's total awards in 2014, compared with 22% in 2013.

According to the NCUA, increased participation in large technology-related contracts contributed to a majority of its supplier diversity gains.

The report also notes that the NCUA's workforce diversity declined to 26.3% in 2014, down from 26.8% in 2013.

"Following our Annual Diversity Policy Statement, NCUA leadership and management will continue to make a concerted effort to hire, promote, develop and train a highly qualified and diverse workforce," NCUA Chair Debbie Matz said.

The report also includes information about NCUA's ongoing efforts to promote financial literacy, as well as an assessment of the diversity levels of its regulated entities.