ALEXANDRIA, Va. (April 11, 2022) – Today, the National Credit Union Administration 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.
“The NCUA remains fully committed to advancing diversity, equity, and inclusion in its workforce, through its business activities, and within the credit union system,” Chairman Todd M. Harper said. “The work highlighted in this report demonstrates the invaluable and diverse perspectives, skills, and talents of everyone on the NCUA team. It also shows that diversity, equity, and inclusion are strengths that the NCUA and federally insured credit unions must continue to nurture.”
The full OMWI 2021 Annual Report to Congress can be found on the NCUA's website. Among the accomplishments highlighted in the report:
- 42.4 percent of new hires in 2021 were people of color.
- 17.4 percent and 4.5 percent 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 percent 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 percent of the NCUA’s total reportable contracting dollars for the year were awarded to minority- or women-owned businesses.
The 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.