With support from the World Council of Credit Unions and Global Women’s Leadership Network, Filene Research Institute has released a report on the status of women’s leadership within the credit union industry.
The report found that women are more likely to begin working in low-level industry positions and - despite similar stated ambition – are less likely to achieve executive-level status than men. The survey assessed demographic characteristics, self-perceived leadership styles, impressions of male versus female leadership attributes, various credit union climates and family responsibilities.
Survey conducted in the United States, Canada, dand Mexico showed men and women alike report little to no blatant discrimination in the workplace. Instead, several challenges seem to prevent women from career advancement in credit unions.
The five most pressing challenges found include:
Bottom line: gender matters. Men and women are affected differently by gender nuances in the workplace.
“The research is not done,” said Filene CEO Mark Meyer. “This collaboration with the World Council shows us the challenges we face in credit unions, especially matching sponsors early on. The real work will come when leaders, men and women alike, take these challenges personally and resolve to overcome them.”
“We ned the credit union movement to step forward and unlock the leadership potential of women. This is at the heart of what we do through the Global Women’s Leadership Network,” said Caly Ostrowski, Executive Director, Worldwide Foundation for Credit.
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