Complete the Voluntary Credit Union Diversity Self-Assessment by January 15

December 15, 2021 |

(From the NCUA) – Federally insured credit unions are invited to complete the Voluntary Credit Union Diversity Self-Assessment before January 15, 2022. The self-assessment is a valuable tool for credit unions that want to commit to the principles of diversity, equity, inclusion, and belonging.

The NCUA encourages all credit unions to use their self-assessment results to identify possible next steps in their DEI journey. These may include developing and implementing workforce diversity policies and practices in your credit union, diversifying your supplier base, and communicating your commitment to diversity and inclusion to the communities you serve.

All data points are aggregated and anonymously reported in the Annual OMWI Report to Congress.

Key Points About The Self-Assessment

  • The self-assessment is voluntary. It is neither mandatory nor required by law.
  • The self-assessment is outside of the scope of the examination process. The NCUA examiners will not see your credit union’s results and they have no impact on your CAMEL rating or exam outcome.
  • Assessment data will only be used in an aggregate form. For example, in an annual report to Congress. The NCUA will not name any specific credit unions in any reporting, unless the credit union explicitly consents to this in writing.
  • The NCUA believes credit unions generally develop and implement successful diversity policies and practices gradually, over a period of time. There is no expectation that participating credit unions will implement every listed best practice. Some credit unions, especially those with more than 100 employees, can use information they gain from conducting self-assessments to begin or to strengthen on-going efforts to promote diversity and inclusion.