Listen to the latest episode of the CUNA News Podcast featuring Chris Lindholm, Vice President of Compliance at OutSolve. He outlines steps credit unions can take to ensure affirmative action compliance, shares commonly overlooked details to take note of, and explains the consequences of noncompliance.
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Financial institutions covered by the National Credit Union Administration (NCUA) with deposit insurance are subject to comply with Affirmative Action Program obligations under Executive Order 11246, the Vietnam Era Veterans’ Readjustment Assistant Act (VEVRAA), and Section 503.
With credit unions prioritizing diversity, equity and inclusion (DEI) work, and the Biden-Harris Administration’s interest in enforcing measures related to the Office of Federal Contract Compliance Programs (OFCCP), credit unions should remain proactive and ensure they are in full compliance.
For further assistance with affirmative action compliance contact OutSolve at info@outsolve.com or at 888.414.2410.