UPDATED: Oops — Agency clarifies who has more time to file voluntary diversity self-assessments

Two more weeks – to Jan. 31 – have been added for credit unions to complete and submit the voluntary Credit Union Diversity Self-Assessment by the federal credit union regulator, the agency said Tuesday.

However, the agency later Tuesday issued a correction: It’s not just federal credit unions (FCUs) that can file the self-assessments, but all federally insured credit unions (FICUs) too — meaning most state-chartered CUs may file too.

In an earlier release Tuesday, the National Credit Union Administration (NCUA) indicated it was looking for submissions from only FCUs.

In any event: the credit union regulator said it had extended the deadline for FICUs to complete and submit the assessments from Jan. 15 to Jan. 31. The agency gave no reason for the extension, other than to give FICUs “more time.”

According to NCUA, the assessment is a tool designed to help credit unions evaluate and advance their diversity policies and practices. NCUA said cedit unions can voluntarily use the online tool to create a baseline for action, such as making the commitment to develop new products and services aimed at addressing the needs of communities of color, increasing investment in underserved areas, or improving community marketing and outreach.

NCUA Extends Credit Union Diversity Self-Assessment Deadline to Jan. 31

 

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