When you understate your community development loans you are compromising your bank’s lending performance under the CRA which is the most heavily weighted aspect of the CRA. As you know, if you don’t meet the credit needs of your communities, this can lead...
Are you ready to partner with a Community Development Financial Institution (CDFI), but aren’t sure where to start? We’ve talked a lot about the value and power of CDFI partnerships over the last few weeks, and I know it can be overwhelming to get started. Today I’m...
Ever wish you could find a way to multiply your financial institution’s impact on the community and improve your CRA performance? Equity Equivalent Investments might be just what you’re looking for! Equity Equivalent Investments, or EQ2s, are investment tools your...
No, we are not out of our minds here. Placing deposits, making an investment or even providing a grant to a Minority Depository Institutions (MDIs) may count towards your CRA program. Well then, how does this work? Today I’ll share how partnering with a Minority...
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...
