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Throughout the 21st century, financial organizations have attempted to promote diversity and inclusion within their institutions. However, a 2019 United States Government Accountability Office report found that from 2007 to 2015, overall management representation of women remained unchanged in the financial services industry. In fact, according to a McKinsey & Company survey, women currently occupy fewer than one in five C-Suite roles in the financial industry. Credit unions are doing better than the industry overall – per CUNA, 52% of credit union CEOs are women. But there is still work to be done.
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