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...
Three Steps to Creating Impact and Assets Through an IDA ProgramLast week I shared information about Individual Development Accounts (IDAs), matched savings programs that are a great tool for building wealth in your community, while improving your service, investment,...
Individual Development Accounts (IDAs) are a great way to build wealth in your community and improve your service, investment, and lending performance on your next CRA Exam. IDAs are matched savings accounts created to help low and moderate community members save for...
Back when I was new to CRA and running a CRA program at a large bank, it was easy to get distracted by the many ways to be of service. Sure, we created CRA service goals but I wondered if just serving on boards and committees would be enough. Sure, the hours compile...
Remember the days when we were volunteering for nonprofit fundraising dinners or waking up early Saturday morning to participate in a community walk fundraiser? The pandemic has changed many of the ways we volunteer, but the core concepts of Community Reinvestment Act...
