Diversity at credit unions is topic for webinar, self-assessment tool

Promotion of diversity in credit union memberships and workforces is the theme of a Nov. 2 webinar, which will feature a “how to” session for using the voluntary credit union diversity self-assessment tool, the National Credit Union Administration (NCUA) announced Tuesday.

The “What, Why and How: Credit Union Diversity” webinar featuring credit union board members and staff leaders from Municipal Credit Union, Brooklyn, N.Y.; Self Help Credit Union, Durham, N.C.; and North Side Community Federal Credit Union, Chicago, Ill. The event begins at 2 p.m.; there is no charge.

In a release, NCUA said its Voluntary Credit Union Diversity Self-Assessment tool, a 28-question checklist, is designed to support credit unions’ diversity efforts. The agency said it encourages all credit unions — especially those with at least 100 employees — to complete the checklist and submit it electronically to the NCUA Office of Minority and Women Inclusion by Dec. 30.

“Submitting self-assessment results helps the NCUA analyze credit union diversity as required by Section 342 of the Dodd-Frank Act,” the agency stated in its release. “The data received will be used to identify trends and create a baseline for evaluating diversity in the credit union system.”

The agency said aggregated, anonymous data also will be used for the NCUA’s annual report to Congress.

Credit unions are not required to complete the assessment, and it has no bearing on their CAMEL ratings, the agency said.

NCUA Webinar Will Discuss Benefits of Diversity for Credit Unions