CUCollaborate report finds minority and women’s representation on credit union boards of directors can contribute to lending inclusion and overall growth.
Sep 13, 2022 14:00 EDT
WASHINGTON, September 13, 2022 (Newswire.com)
The presence of minorities and women on a credit union’s board of directors can positively impact both an organization’s lending inclusion and asset growth, a CUCollaborate research team has found.
Both groups, however, remain underrepresented among directors across the industry, according to the report, “Credit Union Boards of Directors: Board Size, Gender, Race, and Institutional Performance, 2012-2021,” produced by CUCollaborate Chief Economist Luis…