NCUA Enhanced Credit Union Diversity Self-Assessment Improves Use Experience

To increase the accessibility and functionality of the Credit Union Diversity Self-Assessment, the NCUA has introduced several process improvements. These enhancements include additional details for submitting surveys, improved navigation, prepopulation of certain fields, and compliance with the 21st Century Integrated Digital Experience Act. The modernization also upgrades security and ensures data integrity and confidentiality. 

During the first week of October, credit unions will receive an email with a personalized link to the 2022 Diversity Self-Assessment. The official submission period to be included in the 2022 report will end January 31, 2023. 

Since the introduction of the Self-Assessment in 2016, more than 400 credit unions have used the tool to evaluate their diversity-and-inclusion efforts. While the steady increase in submissions shows promise, this participation level represents only 8.6 percent of all credit unions as of December 31, 2021. The NCUA strongly encourages all credit unions to submit an assessment each year. 

The NCUA reports submissions anonymously in the aggregate. The agency does not consider diversity and inclusion data when assigning CAMELS ratings, nor does it share credit union information with the agency’s regulatory function. For more information about the Credit Union Diversity Self-Assessment, visit the NCUA’s Credit Union Diversity webpage. 

A discussion of the Credit Union Diversity Self-Assessment will take place at the NCUA DEI and ACCESS Summit, Nov. 2 – 4, 2022.