Monica Davy - Inclusive Opportunities (#80)

“The best decisions are made when you include others in your processing.” - Monica Davy

Thank you for tuning in to episode 80 of The CUInsight Experience podcast with your host, Randy Smith, co-founder of CUInsight.com. This episode is brought to you by our friends at PSCU. As the nation’s premier payments CUSO, PSCU proudly supports the success of more than 1,500 credit unions.

Over the last few months, there have been many important conversations in the credit union industry about the diverse needs of credit union members and employees. At the center of many of those conversations is Monica Davy, Director of the Office of Minority and Women Inclusion at the NCUA. I had the pleasure of sitting down with Monica on this week’s episode to learn more about the work she and her team have been doing over the last four years at the NCUA, and how that work has uniquely positioned them to lead the diversity, equity, and inclusion conversation through not only a global pandemic, but also the death of George Floyd and the resulting social protests. 

Monica and I discuss organizational issues facing DEI, and some tactics that credit union leaders can use to ensure accountability from the top-down. We also chat about best practices for creating inclusive opportunities and safe spaces; the responsibility credit unions have to address issues of racial inequality in their communities; and the need to infuse diverse, innovative thinking into credit union board rooms. 

In the leadership and life hacks portion of our conversation, we learn about Monica’s time at the Internal Revenue Service, her transition to the NCUA, and what she finds most fulfilling about her current role. Monica and I also talk about the difference between mentors and sponsors, overcoming self-doubt, and the neighborhood dance parties she’s put on during quarantine. 

We discuss how spending time with her family has become more important, and having a clean house has become less. Monica also tells us about her son’s resilience and perseverance through various medical issues and why he is the first person she thinks of when she hears the word success. Monica outlines so many ideas and actionable steps for credit union throughout the episode that you won’t want to miss. Give it a listen! 

Find the full show notes on cuinsight.com

Subscribe on: Apple Podcasts, Spotify, Google Play, Stitcher 

Books mentioned on The CUInsight Experience podcast: Book List 

How to find Monica:
monicadavy@ncua.gov
www.ncua.gov
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