2022 Credit Union Diversity Self-Assessment Results Report is available
ALEXANDRIA, VA (December 13, 2023) — The 2022 Credit Union Diversity Self-Assessment Results Report is now available.
In 2022, 481, or 10 percent of all credit unions, submitted a self-assessment. The figure represents an all-time high for submissions to the NCUA. Of those submissions, 302 were federally chartered credit unions, 178 were federally insured and state-chartered, and one was a non-federally insured, state-chartered credit union. The number of CUDSA responses in 2022 was twice as much as the 240 self-assessments submitted in 2021.
The diversity, equity, and inclusion standards outlined in the voluntary CUDSA describe best practices for creating more diverse and inclusive credit unions. The self-assessment is an opportunity for the NCUA to learn about credit unions’ diversity policies and programs and their challenges, allowing the agency to provide effective technical assistance and resources to enhance diversity programs. It also helps credit unions assess, guide, and monitor their diversity-related efforts and compare their progress with peer organizations.
Credit unions are encouraged to complete their 2023 Credit Union Diversity Self-Assessment to identify promising areas in their diversity policies and programs, as well as challenging areas where the NCUA can provide technical assistance, guidance, and resources to advance diversity and inclusion within the credit union system. The deadline for submission is January 31, 2024.
More information on the CUDSA is available on the NCUA website and on the NCUA’s YouTube Channel. For questions about the credit union diversity self-assessment, please contact the NCUA’s Office of Minority & Women Inclusion at CUDiversity@ncua.gov.
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About National Credit Union Administration (NCUA)
The NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the United States, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 135 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. The NCUA also protects consumers and educates the public on consumer protection and financial literacy issues.
