All successful programs have support from the top, and CRA isn’t any different! It’s important to keep your bank board and executive management briefed on your CRA program. But how do you do this? In this dated but still relevant article published by the Federal...
Are you ready for your next CRA exam? If you’re like most CRA professionals, preparing for a CRA exam is a never-ending process. One way to make this process a little more manageable is by creating a CRA self-assessment. Most CRA officers find that once they create a...
If you don’t have a large CRA team, haven’t had much training, or just inherited your bank’s CRA program, you’re probably feeling a little overwhelmed. It’s hard to run a CRA program during the best of times, but it may seem impossible during a pandemic. This is...
If you said “the CRA Officer,” I want to challenge your thinking on that. You should consider your bank’s CRA program to be the responsibility of every employee in your company, from the tellers on the bank floor to the back office employees and all the way up to the...
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...
