Newsroom
NCUA releases report on diversity, inclusion
The NCUA Monday released its 2019 Office of Minority and Women Inclusion Annual Report that outlines diversity and inclusion at the agency and within the credit union industry using data from the voluntary Credit Union Diversity Self-Assessment tool.
"Diversity and inclusion in credit unions lead to growth, and they position credit unions to better meet the needs of their members," wrote NCUA Chairman Rodney Hood in the report. "The credit union industry boasts historic leadership on the issues of diversity, equity, and inclusion.
"I believe credit unions can, and should, continue being the leading edge on this front, and they can continue to serve as a model for other industries," added Hood. "I am pleased with the credit unions’ long and honorable commitment to these principles throughout their history."
Included in the report is information on the NCUA's ongoing activities and initiatives that "provide a broad spectrum of engagement and awareness that contribute to the agency’s ability to foster inclusion and to build a diverse workforce."
The report also highlights the creation of the NCUA's Culture, Diversity, and Inclusion Council, established in 2019 to ensure that inclusion and equity are top priorities and the NAFCU-attended first annual Diversity, Equity and Inclusion Summit.
NAFCU Director of Regulatory Affairs Ann Kossachev led a think-tank exercise during the summit to generate conversation and solutions to existing and emerging challenges related to advancing DEI.
The report indicates that the NCUA is currently working on several new initiatives for this year, including an analysis of its principal examiner exam to promote diversity within the workforce of examiners.
Credit unions continue to lead the charge as the NCUA and lawmakers work toward greater diversity in the financial services industry and NAFCU consistently works to ensure credit union can meet the needs of all members in their communities, supporting the NCUA's efforts to modernize field of membership rules.
Last year, the association testified before a House Financial Services subcommittee on credit unions' commitment to diversity and serving communities in need.
Share This
Related Resources
Resiliency In Your Incident Response Plan
Cybersecurity
preferred partner
DefenseStorm
Blog Post
The Bottom Line on Insurance Tracking and Collateral Protection
Strategy
preferred partner
Allied Solutions
Blog Post
Add to Calendar 2024-04-15 09:00:00 2024-04-15 09:00:00 Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs Listen On: Key Takeaways: [03:50] With the merger of a smaller credit union into a larger one you are really only dealing with integrating staff into the larger credit union. [05:53] When working with a merger of equals we start with a deep dive into the executive compensation and benefits of each organization. [09:09] If your current executive benefits provider doesn’t conduct regular plan evaluations, consider having a plan audit anyway. [13:46] Don’t overpay for these things if you don’t have to. When you have more options available that means the cost is more appropriate. [17:11] It is in a unified organization’s best interest to do tier timelines where we look at your top executives who are critical to the unified organization’s success today and then slowly add in the next levels. Web NAFCU digital@nafcu.org America/New_York public
Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs
preferred partner
Gallagher
Podcast
Add to Calendar 2024-04-11 14:00:00 2024-04-11 14:00:00 Regulation E: Impacts Across Your Institution Dive into regulatory excellence with, Regulation E: Impacts Across Your Institution. This webinar is tailored to empower you with the knowledge and strategies necessary to effectively implement the Electronic Funds Transfer Act (EFTA) and Regulation E within your operations. You’ll explore how to apply Regulation E across various business areas to ensure compliance obligations are met with precision. Key Takeaways Learn the basics of EFTA and Regulation E Understand how to apply Regulation E at your organization to detect processes and transactions that require Regulation E compliance Discover how Regulation E may apply to a large breath of areas in your institutions and functions for which you may rely on third-party vendors Review recent enforcement activity for non-compliance with EFTA and Regulation E Register Now $295 Members | $395 Nonmembers(Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until April 11, 2025Go to the Online Training Center to access the webinar after purchase » Who Should Attend NCCOs NCRMs Compliance and risk titles Education Credits NCCOs will receive 1.0 CEUs for participating in this webinar NCRMs will recieve 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public
Regulation E: Impacts Across Your Institution
Credits: NCCO, NCRM
Webinar
Get daily updates.
Subscribe to NAFCU today.