ERS 2020: Thank you for attending!

Good luck to all as you continue with your professional journeys in the credit union sphere and beyond. Thank you for being with us, engaging, building and claiming your power of I AM for the advancement of women in the industry.


CU Management Article: Wonder Women Rise Up to Face to 2020 Pandemic

"There has never been a more critical time for all of us to stand together than during this time of major disruption, a perfect storm consisting of health, economic and social justice crises. Credit unions workers are considered essential, and many of these front-line workers are women struggling to balance the needs of their children, parents, jobs, communities and themselves. It is a time of great sacrifice that was expected to be for a moment in time and now may have permanent consequences."

"Yet, the Global Women’s Leadership Network has become a powerful and prestigious program, positioning leaders to rise up together worldwide to face these issues as one. Envision a line of women with their arms locked together, determined to protect their world from all the evils in the land. Kind of feels like they have superpowers, these GWLN Wonder Women."


2020 Highlight article: McKinsey & Company

Women in the Workplace 2020

  • "The events of 2020 have turned workplaces upside down. Under the highly challenging circumstances of the COVID-19 pandemic, many employees are struggling to do their jobs. Many feel like they’re “always on” now that the boundaries between work and home have blurred. They’re worried about their family’s health and finances. Burnout is a real issue"
  • "Women in particular have been negatively impacted. Women—especially women of color—are more likely to have been laid off or furloughed during the COVID-19 crisis,1 stalling their careers and jeopardizing their financial security. The pandemic has intensified challenges that women already faced. Working mothers have always worked a “double shift”—a full day of work, followed by hours spent caring for children and doing household labor. Now the supports that made this possible—including school and childcare—have been upended. Meanwhile, Black women already faced more barriers to advancement than most other employees. Today they’re also coping with the disproportionate impact of COVID-19 on the Black community. And the emotional toll of repeated instances of racial violence falls heavily on their shoulders."
  • "Despite gains for women in leadership, the “broken rung” was still a major barrier in 2019. For the sixth year in a row, women continued to lose ground at the first step up to manager. For every 100 men promoted to manager, only 85 women were promoted—and this gap was even larger for some women: only 58 Black women and 71 Latinas were promoted. As a result, women remained significantly outnumbered in entry-level management at the beginning of 2020—they held just 38 percent of manager-level positions, while men held 62 percent".

  • "Given the enormous challenges mothers are facing at work and at home, two things should come as no surprise: many mothers are considering downshifting their career or leaving the workforce, and mothers are significantly more likely to be thinking about taking these steps than fathers.  Among mothers who are thinking about downshifting or leaving, a majority cite childcare responsibilities as a primary reason".
Brand New: New Logo and Identity for McKinsey by Wolff Olins

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