The NCUA increased the total dollars it awarded to minority- and women-owned businesses by 49% in 2014, which represented 29% of the agency's total award dollars during the year, according to a report released on Wednesday.

While the number of minorities at the NCUA has increased by 1.1% since 2011, the agency's workforce diversity levels dropped slightly in 2014. Minorities represented 26.8% of the agency's workforce in 2013 and 26.3% in 2014.

“While we are pleased that we have increased the number of minorities in our workforce, we still have work to do to achieve our strategic goal of recruiting and retaining a well-diversified workforce that reflects the relevant labor force,” NCUA Board Chairman Debbie Matz said. “Following our Annual Diversity Policy Statement, NCUA leadership and management will continue to make a concerted effort to hire, promote, develop and train a highly qualified and diverse workforce.”

According to the Office of Minority and Women Inclusion report to Congress, the NCUA awarded $12.4 million to businesses owned by minorities and women in 2014, compared to $8.3 million in the previous year. The report said participation in more technology-related contracts contributed to most of the agency's supplier diversity gains.

“Updates in agency systems and processes, along with OMWI's direct support to identify and refer minority- and women-owned businesses to participate in the agency's procurement process, have been essential elements in expanding the agency's supplier diversity gains,” the report said.

The report to Congress is required under the Dodd-Frank Wall Street Reform and Consumer Protection Act, which President Obama signed into law in 2010. The agency's OMWI office was created in January 2011 to measure and monitor the agency's policies for diversity. The office also measures the diversity policies and practices of the NCUA's regulated entities. According to the NCUA, the office does not enforce statutes, regulations and executive orders that relate to civil rights.

Matz said the progress made in 2014 demonstrates the effectiveness of the policies and procedures the NCUA has put in place to advance its supplier diversity program and goals.

“A diverse supplier base is a sound business policy,” she said. “It helps the agency use its resources efficiently, allowing NCUA to better serve federally insured credit unions and their members.”

The NCUA is currently seeking a new director for the OMWI office, according to USAJobs.gov. The position pays between $183,218 and $240,000 per year, and the job description mentions that the NCUA has been selected as the 7th best place to work in the federal government, compared to similarly sized organizations.

“As the director, Office of Minority and Women Inclusion, you will be responsible for all matters of NCUA relating to the oversight and execution of national and regional equal employment opportunity operations and other programs pertaining to EEOC and NCUA policies,” the description read. “This position will provide leadership on all matters of NCUA relating to diversity in management, employment and business activities.”

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