To allow federally insured credit unions more time to complete and submit the agency’s Voluntary Credit Union Diversity Self-Assessment, the NCUA has extended the deadline from Jan. 15 to Jan. 31, 2022.
Coordinated by the agency’s Office of Minority and Women Inclusion, OMWI, the assessment poses no risk to credit unions for completing the process. 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.
“Completing the Credit Union Diversity Self-Assessment is an excellent step on the path from intention to action when it comes to diversity and inclusion,” said Todd Harper, NCUA chairman. “This invaluable self-assessment will allow credit unions to look inward at their current DEI journey and what they can do in the future to better leverage diversity and elicit inclusion and belonging practices in their community, membership, leadership, and workforce.”