The NCUA is encouraging federally insured credit unions that want to commit to the principles of “diversity, equity, inclusion and belonging” to complete the agency’s Voluntary Credit Union Diversity Self-Assessment by Jan. 15. While the assessment is optional, there is no risk to credit unions for completing the process.
Participating in the self-assessment is voluntary and has no impact on a credit union’s CAMEL rating. The information the NCUA collects through the self-assessment helps the agency study diversity trends in the credit union industry and provide credit unions with guidance on topics related to diversity and inclusion. The NCUA provides an annual diversity report to Congress, but the report does not identify individual credit unions.
The NCUA is also offering access to content delivered at its recent diversity, equity and inclusion summit, “From Intention to Action.” Interested participants can register and log in to review sessions presented by experts in the DEI field and explore the resources provided by the speakers and exhibitors during the November event.