Lack of Diversity at NCUA

"The NCUA has acknowledged it falls short in employing Hispanics at
all levels and minorities at high pay grade levels.

The findings were released this week as part of a Dodd-Frank Act-
required report to Congress from the NCUA's Office of Minority and
Women Inclusion.

The NCUA's report didn't list specifics, but according to EEOC's
FY2010 report on NCUA, Hispanics represented only 4.15% of total
employees, compared with 76.15% who classified themselves as white.
Overall, the NCUA employs 46% women and 13% African Americans.

In senior pay levels, there was even less diversity at the agency.
Only 2.44% of highly paid employees were Hispanic, and 2.44% African
American. More than 90% were white, and nearly 76% were men. Hispanics
and African Americans represent 2.5% of senior level managers; only
25% of NCUA senior level officials are women, a number relatively
unchanged since 2006.

Key barriers to more diversity the NCUA identified included the fact
that the regulator is a small agency not well known to the general
public, the loss of hiring flexibility through the Federal Career
Intern Program, which was used to recruit new hires from college
campuses, and the nature of the government hiring process itself,
which favors veterans.

The NCUA listed a number of strategies to improve diversity, including
a shift in how open positions are advertised and incorporate diversity
goals into its strategic plan and annual performance budget.

As for diversity within the industry, credit unions with 100 employees
or more that are legally required to report diversity data to the
Equal Employment Opportunity Commission say women make up 42% of
executive and senior level positions.

Additionally, women at large credit unions comprise 65% of mid-level
management positions, and make up 71% of the total workforce.
Minorities did not fare as well: only 11% of executive and senior
positions were persons of color, with minorities representing 31% of
the total workforce.

Reporting credit unions represent 7.5% of all federally insured credit
unions, but employ 25% of all industry workers. The NCUA said in its
report that "even though this data does not capture the entire
industry, it represents a substantial sample that is consistent with
NCUA's experience."

The NCUA also said field of membership and geographic service areas
may limit a credit union's ability to hire minorities. Some rural
credit unions are in areas with few minority residents. Others are
chartered to serve FOMs that reach only specific ethnic and racial
groups.

"These factors could limit their ability to become diverse if they
strive to hire employees and management that reflect the members they
are chartered to serve," the report said.

The report can be found on the NCUA's website."
http://www.ncua.gov/Legal/Documents/Reports/OMWI2011.pdf

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