The NCUA has released the results from its 2023 Credit Union Diversity Self-Assessment Report. The survey received 334 voluntary diversity self-assessments from federally insured credit unions.

“By publicly sharing the aggregated results of the voluntary credit union diversity self-assessment, we embrace a shared commitment to greater inclusion within the credit union system. We also better ensure that the system fulfills its statutory mission of meeting the credit and savings needs of members, especially those of modest means,” NCUA Chairman Todd Harper said. “These results show positive change in advancing diversity, equity, and inclusion across the credit union system, and I encourage all credit unions to review the results to evaluate and benchmark their own inclusion efforts against others.”

Using the results, the NCUA identified areas for improvement for credit unions:

• Increase supplier diversity;
• Increase credit unions’ transparency and publishing information on their diversity and inclusion practices; and
• Develop and implement a diversity, equity, and inclusion strategic plan that is sustainable and measurable.

The 2024 survey period is open now through Jan. 31. Visit the credit union diversity self-assessment page on the NCUA’s website for more information.