NCUA Board to be briefed on cybersecurity, DEI program next week

The April 21 open meeting of the federal credit union regulator’s board will include two board briefings – one a cybersecurity update, the other an update on the agency’s diversity, equity, and inclusion program – but no regulatory action items.

The National Credit Union Administration (NCUA) Board was last briefed on cybersecurity during its open meeting last April. Since Russia’s invasion of Ukraine, credit unions and other institutions have been urged to be vigilant against heightened cyber threats. Financial institution regulators generally are keeping cybersecurity high on their lists of top concerns.

As reported more recently, the credit union regulator just this Monday submitted a report to Congress highlighting trends identified by its Office of Minority and Women Inclusion. That report pointed to growth in the NCUA’s hiring of people of color in 2021 and also highlighted how many within the agency’s workforce self-identify as having disabilities and “targeted” disabilities; staff participation in employee resource groups; a rise in the number of federally insured credit unions that submitted Voluntary Credit Union Diversity Self-Assessments in 2021; and the proportion of the agency’s contract dollars going to minority- or women-owned businesses.

Thursday’s meeting will be viewable by webcast only. It begins at 10 a.m. Eastern.

NCUA Board April 21 open meeting agenda