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NCUA May Offer Credit Unions Incentives to File Diversity Survey

While the survey is optional, an NCUA official says the agency might decrease credit union fees in exchange for participation.

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NCUA official seal NCUA official seal. (Source: NCUA)

The NCUA is searching for ways to increase participation in its annual diversity and inclusion survey and is even considering a monetary incentive if a credit union participates, Monica Davy, the agency’s director of the Office of Minority and Women Inclusion, told a House subcommittee Tuesday.

The NCUA has taken the position that participation in the annual survey is voluntary, Davy told the House Financial Services Committee’s Diversity and Inclusion Subcommittee. However, she added that NCUA officials would be willing to work with members of Congress if they decide that credit unions should be required to file the annual survey.

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David Baumann

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