Credit union regulator report boasts of new hires in 2021 of people of color for more than 40% of the time

People of color were newly hired in more than two out of every five times (42.4%) by the federal credit union regulator in 2021, the agency said in issuing its annual diversity report to Congress Monday.

According to the National Credit Union Administration (NCUA), its 2021 report to Congress from its Office of Minority and Women Inclusion (OMWI) also stated that:

  • 17.4% and 4.5% of agency workforce self-identify as having disabilities and targeted disabilities, respectively. “Since 2017, the NCUA has consistently exceeded the federal employment rate goals for employees with disabilities and for employees with targeted disabilities,” the NCUA stated.
  • 25.4% of the NCUA’s workforce participated in employee resource groups, more than twice the benchmark participation rate for successful programs like these.
  • 240 federally insured credit unions submitted Voluntary Credit Union Diversity Self-Assessments in 2021, up from 188 submissions in 2020.
  • 36.8% of the NCUA’s total reportable contracting dollars for the year were awarded to minority- or women-owned businesses.

NCUA Releases OMWI Annual Report to Congress