Policy, Program and Procedures

Our CU is wondering what others are doing for an Affirmative Action Plan. How do you handle Third Party Vendors? And, does anyone have a sample letter that would be sent to Third Party Vendors regarding notification of the CU's affirmative action efforts? 
Any assistance would be greatly appreciated.

Hi,

Affirmative action has historically been applied to provide equal opportunities to workplaces and educational institutions. 

In an effort to achieve the intentions of Affirmative action in corporate environments, an initiative called DEI formed.   DEI stands for Diversity, Equity, and Inclusion.  The larger umbrella for DEI is encompassed in ESG.  The term ESG comprises priorities such as Environmental, Social, and Governance. Establishing a strong ESG framework is touted and sought after by many shareholders and business partners.  ESG matters are regulated by the SEC and the NCUA, which governs credit unions like your organization. 

My recommended approach: Ask your vendors to provide any certifications they may have regarding any MWDVBE (Minority, Women, Disabled, Veteran Business Enterprise) status and for the issuing organization.

Best practice and most convenient for your organization would be to post your credit union's ESG efforts online.  Then, notify your vendors via email with a hyperlink for easy access and expediency. 

I look forward to hearing what others think.