NCUA Encourages CUs to Conduct Voluntary Credit Union Diversity Self-Assessment

ALEXANDRIA, Va. - The National Credit Union Administration (NCUA) sent a Letter to Credit Unions (18-CU-05) that explains that federally-insured credit unions, especially those with 100 or more employees, are encouraged to conduct and submit the annual Voluntary Credit Union Diversity Self-Assessment to the NCUA’s Office of Minority and Women Inclusion before December 31, 2018. The NCUA encourages credit unions to use the self-assessment as a source of diversity best practices and as a tool to assess and guide diversity efforts.

The recently updated self-assessment form, instructions for completing it, and several useful diversity-related tools and resources are available on the Credit Union Diversity Web page. You can also access the self-assessment form at https://cudiversity.ncua.gov/.

This voluntary collection is not part of the NCUA or state regulatory examination process and has no impact on CAMEL ratings. There is no penalty for credit unions with limited or no diversity practices in place and the NCUA will not publish diversity information that identifies any particular credit union or individual without their consent.

Read the entire Letter to Credit Unions here

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