NASCUS JOINT LEADERSHIP APPROVES NEW DEI POLICY AND RE-ENACTS SEVEN EXISTING POLICIES

FOR IMMEDIATE RELEASE

September 4, 2020

CONTACT: Shelton Roulhac, NASCUS Communications; [email protected]

NASCUS JOINT LEADERSHIP APPROVES NEW DIVERSITY, EQUITY AND INCLUSION POLICY AND RE-ENACTS SEVEN EXISTING POLICIES

Arlington, VA – NASCUS’ Regulator Board and Credit Union Advisory Council recently approved a new diversity, equity and inclusion (DEI) policy and re-enacted seven other policies on an array of topics including, protecting state credit union charters and options and cannabis banking legislation.

The new DEI policy outlines NASCUS’ commitment to becoming a more diverse, inclusive, and equitable organization in which all employees, volunteer leadership, members, vendor affiliations, and supporters feel valued and respected regardless of gender, race, ethnicity, national origin, age, sexual orientation or identity, education, or physical ability.

The policy also notes NASCUS’ devotion to fostering diversity, equity, and inclusion within its leadership and staff and throughout the state credit union system and infusing these principles into everything the organization does.

“Following the killing of Mr. George Floyd in late May and countless other African-Americans before him, we realized the country was at an inflection point and we could no longer remain silent,” said NASCUS President and CEO Lucy Ito. “While NASCUS published a statement expressing solidarity with the Black community, both NASCUS leadership and management were moved to go beyond our initial public statement and ensure that our words are validated by our actions in cultivating diversity, equity, and inclusion across all of our undertakings. Our new policy sets the foundation for further action and implementation in the governance and operations of NASCUS and empowers us to take steps to address systemic racism in the credit union industry.”

The following policies were re-enacted and are now set to sunset in 2023:

• Litigation Assistance
• NASCUS/NCUA Document of Cooperation
• Specific State Issues
• Protecting State Credit Union Powers & Options
• Enhancing the Value of the Credit Union Charter
• Cannabis Banking Legislation
• Creation of an NCUA Federally Insured Credit Union Advisory Council

All NASCUS policies are available here.

###

Information Contact:

Shelton Roulhac, Vice President, Communications, [email protected] or (703) 528-5974