Press

NCUA workforce diversity improves

ALEXANDRIA, VA (March 31, 2014) – National Credit Union Administration continues to make progress in increasing the diversity of its workforce and its vendors, and Board Chairman Debbie Matz asserted the agency’s commitment to continue to improve in both areas.

“NCUA is absolutely committed to developing a stronger, more diverse workplace where everyone’s talents are recognized and opportunities abound,” Matz said. “We take this responsibility very seriously as part of the overall effort to make the agency an employer of choice. We are likewise committed to expanding the opportunities for minority- and women-owned companies to do business with NCUA.”

NCUA’s Office of Minority and Women Inclusion today filed its 2013 report to Congress. Required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the report is available online here.

The report notes that minorities collectively represented 26.8 percent of the agency’s workforce in 2013, a 1.6 percentage point increase from 2011. Additionally, total dollar awards to women- and minority-owned businesses was $8.3 million in 2013, a 137 percent increase from 2012, and represented 22 percent of all reportable contracts.

Among the report’s other findings:

Women represented 43.7 percent of all employees in 2013, and 42.6 percent of senior staff.
African Americans represented 14.5 percent of all employees and 7.4 percent of senior staff.
Hispanic Americans represented 4.4 percent of all employees and 3.7 percent of senior staff.
Asian Americans, including Native Hawaiians or Pacific Islanders, represented 5.8 percent of all employees and 3.7 percent of senior staff.

The report includes detailed information about NCUA’s ongoing efforts to promote greater diversity in the workforce and in contracting.

NCUA is regularly recognized by the Partnership for Public Service as a desirable place for women and minorities to work, earning high marks for leadership, diversity, fairness and employee empowerment. Among mid-sized federal agencies, NCUA ranked first in 2013 with Hispanics and African Americans in the Partnership for Public Service’s Best Places to Work in the Federal Government.

Established Jan. 21, 2011, the Office of Minority and Women Inclusion is responsible for all agency matters relating to measuring, monitoring and establishing policies for diversity in NCUA’s management, employment and business activities. OMWI is also responsible for assessing the diversity policies and practices of NCUA’s regulated entities, excluding the enforcement of statutes, regulations and executive orders pertaining to civil rights.

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 U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 96 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. At MyCreditUnion.gov and Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.