SECU Highlights Proportion Of Women On Board

Register now

State Employees Credit Union here has been shining a spotlight on a recent study regarding the proportion of women serving on the boards of the 100 largest banks in the United States. In the process, it is also noting that more than a third of its own board is female.

At issue is a recent study released by Corporate Women Directors International examining the make-up of the boards of the 100 largest banks in the United States. The study found that just 12.2% of board members at large banks are women, and further noted that Southern banks generally rank low in women board directors. West coast based Golden West Financial Corp. ranked first in the study, with a majority of women board members and Wells Fargo ranked second at 33%. Other banks include Wachovia (11%), Bank of America (17%), and BB&T (23.5%). Thirty-six percent of the board members at the $13-billion SECU are female.

"Many business and family financial decisions are made by women and as such our Board reflects that fact," said SECU CEO Jim Blaine in a released statement. "Not only are 36% of our current board members women, but women have served on the SECU Board ever since June 4, 1937-the very first day SECU opened for business."

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER