The National Credit Union Administration on Tuesday named Miguel Polanco as its director for the Office of Minority and Women Inclusion.
In that role, Polanco will oversee the agency’s responsibilities under Dodd-Frank to develop and promote standards for workforce and supplier diversity, equal employment opportunity and to assess the diversity policies of the credit union industry.
Polanco’s appointment was effective Aug. 1.
“Diversity within our workforce, with our suppliers, and within the financial institutions under our supervision is critically important to me,” said Chairman Todd Harper. “I am very grateful for everything that OMWI does to cultivate diversity, equity, inclusion, and belonging both at the NCUA and within the credit union system.”
“I am deeply honored to have earned the trust of the NCUA board members and senior executives to be the next OMWI Director,” Polanco said. “I look forward to advancing the agency’s strong diversity, equity, and inclusion foundation that the OMWI staff built under my predecessor Monica Davy and fostering a sense of belonging across our employee ranks.”
Before assuming his new position, Polanco served as the NCUA deputy director for the Office of Minority and Women Inclusion. Before that, he managed the agency’s supplier diversity program and worked at the Small Business Administration.
Mr. Polanco also served as a U.S. Army intelligence officer and worked in corporate finance with General Motors and in investment banking at Citibank Puerto Rico.
Polanco is a native of San Juan, Puerto Rico, and is a graduate of the United States Military Academy at West Point, as well as the Kellogg Graduate School of Management at Northwestern University.