April 10, 2014

NCUA named a best place to work for women

April 11, 2014 – NCUA on Thursday said it has been recognized by Professional Woman's Magazine as a "Best of the Best" place to work for women.

"NCUA strives every day to be an employer of choice," NCUA Board Chairman Debbie Matz said in a press statement. "Part of that effort is to promote workplace diversity and opportunities for women and minorities to pursue rewarding careers. The recognition that NCUA is among the ‘Best of the Best' encourages us to continue to build a stronger and more diverse workforce that reflects the demographics of America."

NCUA reported that its Office of Minority and Women Inclusion reports yearly to Congress about the agency's diversity efforts. It said its 2013 report "found the representation of women in executive positions has jumped by 11.2 percentage points to 42.6 percent since 2011."

Last month, nine Democratic members of the House Financial Services Subcommittee on Oversight and Investigations wrote the inspectors general at CFPB, NCUA and all other federal financial institution regulators about personnel practices and the possibility of unfair or discriminatory practices against minority and women employees.

The subcommittee held a hearing last week on allegations in reports published in American Banker that cited a pattern of ranking white employees higher than minority employees. The reports also noted accusations of a hostile work environment. CFPB said it plans to increase diversity training and examine the hiring process.