Curate benefits for multicultural leadership
Are your retirement plans meeting the needs of all your leaders?
Broadening the perspectives of leadership is becoming a strengthening pillar of credit union growth strategy. Not only can a diverse C-suite attract a diverse employee and member base, it can also inject top-down ingenuity capable of earning the credit union actual dollars-and-cents benefits.
More people of color are joining the C-suite and board-of-director ranks. Minority representation on credit union boards increased to 14.2% by 2021, according to a report from CU Collaborate. As for people of color holding management positions, the National Credit Union Administration’s most recent self-assessment workforce profile shows a rate of almost 30% who identify as nonwhite.
Diversity calls for mindful changes to people practices
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