Are you part of a small CRA team? Many CRA departments are made up of only one or two people, and this makes it difficult to get everything done. You’ve been charged with meeting the credit needs of your community, which means tracking, managing, and reporting your...
An estimated 95% of banks underreport their community development loans. This means that 95% of banks are under-representing their CRA lending performance, which puts their CRA ratings at risk. The lending portion of the CRA exam is the most heavily weighted, which...
Struggling to find ways to bring affordable, flexible capital into your community while creating net income for your bank? A partnership with a Community Development Financial Institution (CDFI) might be the answer you’re looking for! As you know, your bank is...
Friend! Credit unions can be an important ally for community development investments and your Community Reinvestment Act program! Ready for a radical idea? Invest in a credit union to improve your CRA investment portfolio! Not just any credit union of course, but...
Last week, I outlined the three steps to creating an Individual Development Account (IDA) program for your bank’s Community Reinvestment Act (CRA) program. IDA programs support your community development service and investment performance but aside from the CRA...
