Diversity coupled with inclusion should be a strategic business goal for credit unions. This Self-Assessment reflects guidance for advancing workforce and supplier diversity and identifies best practices for demonstrating a commitment to diversity and inclusion. When made a priority, diversity and inclusion can help your credit union grow and better serve your membership.
The NCUA provides this form in support of the Interagency Policy Statement Establishing Joint Standards for Assessing Diversity Policies and Practices. It is designed to guide and inform a credit union’s self-assessment. Credit unions are encouraged to conduct and voluntarily submit a self-assessment annually and to use this form as a tool to aid in setting strategic goals and priorities for the credit union’s diversity and inclusion efforts.
Key Points about this Self-Assessment
- This self-assessment is voluntary. It is neither mandatory nor required by law.
- The self-assessment is outside of the scope of the examination process. The NCUA examiners will not see your credit union’s results and they have no impact on your CAMEL rating or exam outcome.
- Assessment data will only be used in an aggregate form. For example, in an annual report to Congress. The NCUA will not name any specific credit unions in any reporting, unless the credit union explicitly consents to this in writing.
- The NCUA believes credit unions generally develop and implement successful diversity policies and practices gradually, over a period of time. There is no expectation that participating credit unions will implement every listed best practice. Some credit unions, especially those with more than 100 employees, can use information they gain from conducting self-assessments to begin or to strengthen on-going efforts to promote diversity and inclusion.
Use of Information by the NCUA
The aggregate information may also be used to identify areas where assistance with resources may be needed and to highlight successful policies and practices. Responses will be aggregated and used in reports such as the NCUA’s annual report to Congress.
The information may also be used to identify and highlight successful policies and practices. The NCUA may publish leading practices in any form that does not identify a particular credit union or individual or disclose confidential business information.
This form is authorized by law (12 U.S.C. Section 342(b)(2)(C)) and is voluntary.
Paperwork Reduction Act Statement: The estimated average public reporting burden associated with this information collection is 8 hours per response. Comments concerning the accuracy of this burden estimate and or any other aspect of this information collection, including suggestions for reducing this burden should be address to the National Credit Union Administration, ATTN: PRA Clearance Officer, 1775 Duke Street, Alexandria, Virginia 22314. An agency may not conduct or sponsor, and a person is not required to respond to, an information collection unless it displays a valid OMB control number.