ALEXANDRIA, Va.—NCUA said that it continues to work toward “excellence in supplier diversity” and during 2014 increased the total dollars awarded to minority- and women-owned businesses by 49%.
“A commitment to diversity is strengthening NCUA,” NCUA Board Chairman Debbie Matz said in a released statement. “The progress made last year demonstrates the effectiveness of the policies and procedures NCUA has put in place to advance our supplier diversity program and goals. A diverse supplier base is a sound business policy. It helps the agency use its resources efficiently, allowing NCUA to better serve federally insured credit unions and their members.”
In 2014, NCUA said it awarded $12.4 million to minority- and women-owned businesses, compared to $8.3 million in 2013. The report also notes that total dollars awarded to minority- and women-owned businesses were 29% of the agency’s total awards in 2014, compared to 22% in 2013. Increased participation in large technology-related contracts contributed to a majority of agency’s supplier diversity gains.
Required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, NCUA’s Office of Minority and Women Inclusion 2014 report to Congress is available here.
In addition, the report notes NCUA’s workforce diversity levels declined slightly in 2014. Minorities collectively represent 26.3% of the agency’s workforce in 2014, compared to 26.8% in 2013. However, the number of minorities at NCUA has increased 1.1 percentage points since 2011.