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NCUA increased the total dollars awarded to minority- and women-owned businesses by 49 percent in 2014, according to its Office of Minority and Women Inclusion report to Congress.

The report showed NCUA awarded $12.4 million to minority- and women-owned businesses – up from $8.3 million in 2013. The amount was 29 percent of the agency's total awards in 2014 – also up from 22 percent in 2013. The report also noted that NCUA's workforce diversity levels declined slightly in 2014, at 26.3 percent versus 26.8 percent in 2013.

NCUA Chairman Debbie Matz said, "While we are pleased that we have increased the number of minorities in our workforce, we still have work to do to achieve our strategic goal of recruiting and retaining a well-diversified workforce that reflects the relevant labor force."

The Office of Minority and Women Inclusion was established in 2011, and oversees agency matters relating to policies for diversity at NCUA as well as policies and practices at federally insured credit unions.