ALEXANDRIA, Va. — For the second time this week NCUA has won an award — this time from the Society of Federal Labor and Employee Relations Professionals.

On Friday NCUA announced that it was one of two federal agencies to receive the Margery Gootnik Labor-Management Cooperation Award.

The credit union regulator said the Society recognized NCUA's efforts to promote effective labor-management relations.

"The award recognizes the great strides NCUA and the National Treasury Employees Union have made in labor-management cooperation," NCUA said in a prepared statement.

The announcement took place at the Society's 42nd Annual Symposium on Federal Labor, Management and Employee Relations in Arlington, Va.

"Organizations work best when labor and management work together to achieve shared goals," NCUA Board Chairman Debbie Matz said. "Quality labor-management relations require respect, communication, professionalism and cooperation. Creating a positive labor-management relationship was one of my top priorities when I became chairman, so it is very gratifying to receive this significant recognition."

The award notification to NCUA and the union cited significant improvements in labor-management relations since 2008 and the "high level of cooperative relations."

In 2010, NCUA became the first federal agency to sign a partnership agreement with its union. The agreement led to the creation of the agency's Partnership Council, which promotes respectful, inclusive and effective labor-management relations as part of NCUA's strategic goal of maintaining a diverse, well-trained and motivated staff.

NCUA noted it has ranked well for employee satisfaction in the annual Federal Employee Viewpoint Survey and the Partnership for Public Service's yearly "Best Places to Work in the Federal Government" report, which is based on the Employee Viewpoint Survey results.

Earlier this week the agency was named one of the "Best of the Best" places to work for women, minorities, veterans and Hispanics by DiversityComm Inc., an HR research and consulting firm specializing in workplace diversity.

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