NCUA's McWatters pledges greater diversity at NCUA

Posted: Jan 22, 2019 | Author:

National Credit Union Administration Chairman J. Mark McWatters said Thursday that the agency aims to “attract, engage, and retain a highly skilled diverse workforce and cultivate an inclusive environment” as part of its strategic plan for 2019.

The financial services industry has long struggled with diversifying its top ranks. More than half of credit unions are led by women, but they tend to be the CEOs of smaller institutions.

NCUA increased its female hires by 5 percent from 2017 to 2018, while minorities at the senior staff level increased by 21 percent. Total minority representation increased by about six percent, and McWatters noted that the agency also added members of the LGBTQ community to its diversity program.

Source: Credit Union Journal