International women's day
Credit unions. Log In. She's the boss: How women are Navy federal european women union the credit union movement By Melissa Angell. March 8, AM. Close extra sharing options. March 8 is International Women's Day, a global event to celebrate the achievements of women. But the day doesn't only celebrate social, political, cultural and economic accomplishments — it's also a day that draws attention to gender parity and the road to achieving equality. And the road is a long one, given that parity won't be reached untilaccording to a study from the Institute for Women's Policy Research.
And the agency predicts that even in there will still be a wage gap in as many as 13 states. Data from the U. Census Bureau reveals women currently earn just The current gap shows that women earn Despite those metrics, women continue to rise above obstacles that for decades or more were seen as insurmountable. There are now more women in Congress than ever before — to be exact Twenty-five women are in the U.
Senate whereas women are in the U. House of Representatives, which is roughly a quarter of each chamber. Women are quickly garnering more representation in the workplace and are banding together to elevate their female peers as they pursue the C-Suite and other tradtionally male-dominated arenas.
Women have excelled in the credit union movement, and a recent study Navy federal european women union the Credit Union National Association revealed that as many as 52 percent of credit union CEOs are female. But there is still work to be done, as the majority of female CEOs run smaller institutions, many of which pay less.
Lucy ito, president and ceo of the national association of state credit union supervisors
In honor of International Women's Day, Credit Union Journal reached out to women from across the industry to get a sense of how they're working to close the gender gap and the impact other women have had on their careers.
Read on for a sampling of their responses.
What steps is your organization taking to ensure women continue to advance within the industry? As one of the few women leading a national credit union organization, I understand both the opportunities and challenges women face in the industry.
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NASCUS routinely scans its own staff, elected leadership, regulators and credit union executives for visibility opportunities. How have women contributed to your career? Several women have served as examples of leading, sharing and pushing. Sarah Canepa Bang retired executive demonstrated the power of looking outside of the credit union system and outside of financial services to anticipate what credit unions will need tomorrow. Michelle Kaufman.
What steps is your credit union taking to ensure women continue to advance within the industry?
At Navy Federal, we pride ourselves on having a work environment that allows women the opportunity to succeed. While a large segment of our employee population is women, our numerous learning and development programs and career opportunities are deed for all team members to thrive and grow.
I began my career with Navy Federal over 25 years ago as a military spouse, serving as a member service representative in our Naples, Italy branch office. She has been an inspirational Navy Federal leader, to women and men alike, for over 28 years. Debbie has influenced me by sharing her professional knowledge, expertise, and sage advice throughout my career.
Daniel Beck. The GWLN vision is to provide women with the opportunity and resources to make a measurable difference in the lives of each other, in the lives of credit union members and in their communities.
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This year GWLN marks a major milestone, celebrating its 10 th anniversary, reflecting on progress and looking forward to continued growth. She kept telling me that it would open new doors and it eventually did. She was very demanding and I learned a great deal from her.
Most important, to advance professionally, you need to believe in yourself and take risks. We understand that embracing and valuing differences between people equates to statistically stronger performance.
We are creating and providing visibility to career paths for our staff; we also have a series of Lunch and Learns slated, kicking off with the stories of women executives and how they have advanced within the organization. We have a Diversity and Inclusion Officer who gauges internal views on diversity via surveys and works to understand and leverage opportunities for improvement. Finally, we use firms like the "Mom Project," a hiring group that assists women re-entering the workforce after taking time away with their children.
My dissertation focuses on women leaders in the credit union industry and specifically identification of those factors that compel women to persevere into leadership roles. The findings emphasize the importance of words of encouragement from others, since historically women have had fewer role models at the executive level relative to men. In my career, I think this verbal encouragement and the expression of belief in my potential has had a profound impact on my career. The chapters in this region meet on a pretty regular basis.
Almost everything we do on the professional-development front is an opportunity for women to come into the industry and then grow in it through mentorship and networking and professional-development opportunities.
PenFed is committed to ensuring women continue to advance at PenFed and across the industry. Over 60 percent of [our] employees are women and many of them are in leadership roles within the company.
We offer many benefits to support our employees in their careers, wellness, finances and in their communities. One of the benefits PenFed offers employees is "Momseze," a care and education solution that connects parents with nurses and other experts and provides support around some of the challenges working mothers face. PenFed also provides eligible employees an employer match for childcare costs for children up to school age. The PenFed Foundation will launch a Women Veterans Entrepreneur Investment Program later this year to bridge the gap of investment capital to female veteran entrepreneurs by providing funding, female representation in the investment process, and a platform to empower those entrepreneurs to lift other female veteran entrepreneurs.
When I ed PenFed it was very encouraging to be surrounded by many women — especially given that was 35 years ago. Ken Hansen. And as an organization, we are dedicated to the professional development of all employees and promoting from within. Last year, more than of our nearly employees received a promotion. That balance of women in leadership trickles down throughout all levels in our organization, which is indicative that we are taking steps as an organization to ensure women continue to advance within the industry.
On my team alone, two women were promoted to higher level positions last year — one was promoted to vice president of employee relations and the other to vice president of HR administration. I have been very fortunate to have worked for Navy federal european women union past eight years for an exceptional leader at SDCCU who has given me the necessary tools and resources and empowered me to continually step out of my comfort zone to achieve more.
I firmly believe that diversity is vital to innovation, and to success. We take an inclusive approach to networking and hiring. We recognize that our team members can, and do, bring diverse perspectives. This creates a challenger environment that is open enough to bring new and different ideas to the table while inviting everyone to come together on common ground.
With that innate open mindedness, here in North America we have created a leadership team that is roughly 50 percent women, 50 percent men, and brings together people of diverse cultures, beliefs and socioeconomic backgrounds.
That diversity continues from the top down.
Going forward, we are also working on two internal initiatives — women in business and women in leadership. These are forums that invite women to share their experiences and advice, but also invite men to come in and understand our world, and share their perspectives on how we can step outside traditional norms.
As part of these initiatives, each of our offices is also offering opportunities such as training, networking, and awareness programs. Both men and women have played an immense role [in my career]. My career path, and path to leadership, would not be the same without the mentorship of multiple male leaders, especially when you consider that 15 years ago I was Navy federal european women union only woman at the table.
Both men and women have a contribution to make as we work toward more diversity, and a better balance across gender, cultural and socioeconomic backgrounds. If I look at women specifically, of course they have absolutely played a role in my career. As noted, a recent CUNA study revealed 52 percent of all credit union CEOs are women, besting not just the banks but many other industries.
But a closer look shows those statistics are far more complex. Many of those female executives lead small credit unions, which tend to pay less. Their ranks drop ificantly as institutions increase in asset size.