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Credit/iStockphoto.comThe NCUA released the results of the 2023 voluntary credit union diversity self-assessment this week, which drew participation from 334 credit unions, or 7.3% of active credit unions in the U.S.
Last year’s 334 responding credit unions represented a drop from the 481 credit unions (10.1% of the industry) that responded in 2022, however, the 2023 Credit Union Diversity Self-Assessment Results Report noted that the number of credit unions that submit a self-assessment has increased at an annual compounded growth rate of 32.8% since 2018. Self-assessments for 2023 were submitted between Oct. 1, 2023 and Feb. 15, 2024.
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