Credit Union, Community Bank Regulators Trail Peers on Diversity

The National Credit Union Administration and Federal Deposit Insurance Corp. have the least diverse workforces among federal financial regulators, making only marginal gains over the past several years.

Minorities made up less than a third of NCUA or FDIC staff in 2019, according to the agencies’ most recent diversity statistics. About 39% of the employees at other financial regulators on average identified as Black, Hispanic, Asian, Native American, or multiracial last year, a Bloomberg Law review of agency data showed.

Diversity at financial regulators has a direct impact on minorities, which make up about 40% of the U.S. population. However, ...