Episode 21: Creative Items to Add to Your CRA Committee Meeting Agenda

Are you looking for creative ways to reinvigorate your CRA committee meetings?

It is crucial to foster communication and collaboration during these meetings, so people leave inspired and are motivated to get involved in your CRA program. But, this is easier said than done.

Episode 20: Three Documents You Must Have for Your CRA Program

When it comes to CRA program governance, there are three documents that every CRA program should have: a CRA policy, a CRA program plan and a CRA self-assessment.

The CRA Policy: This document explains what you stand for, how you run your CRA program from the highest level, and how the program fits into your overall governance.

Episode 19: Repurpose Your CRA Self Assessment To Build Awareness and Buy-In

Once you have a solid self-assessment document, now it is time to socialize it. Not only will you increase awareness of your CRA program, but you will also be using it as a training tool. Make sure you break it down to the discrete applicable parts to avoid overwhelm.

Episode 18: Five Key Resources To Inform Your CRA Self Assessment

Does a blank page make you nervous? Yes, us too.

Here are some documents you may want to reference (and even borrow the framework of!) to get you started on your CRA self assessment.

Episode 17: Choices. Make One and Let’s Get to Work!

There just aren’t enough hours in the day. We get it. Many institutions believe they don’t have time to perform a self-assessment. What you may not know is that there are many types of self-assessments, some easier than others. Check out this list of assessment types to determine what kind of assessment will best fit your institution’s needs. Having a CRA self assessment is a best practice and a must have.

Episode 16: Look Back to Learn How to Look Forward

Many banks make the mistake of spending too much time over-analyzing their performance history without giving equal airtime to formulating new strategies to address performance gaps within their CRA programs.

Episode 15: Strategy Is a Commodity, Execution Is an Art

Do you know what your bank’s strategy is? If this is not something that has been shared with you, reach out to leaders within your organization’s hierarchy to learn more. Ask questions like, “What are your division’s key priorities?” and/or “What is the major initiative you are focusing on this year?” Take this information and brainstorm ways that you can align their strategies and initiatives with your CRA program priorities.

Episode 14: Don’t Leave This for the Examiners to Decide

The single most important CRA exam prep tool for you to consider is a CRA self-assessment.

CRA self-assessments are assessments you perform on your own institution to understand your CRA strengths and performance gaps. If done correctly, the self-assessment mirrors an examiner’s approach to assessing your performance under the CRA. This assessment helps you understand how you’re currently performing, so you can prepare your performance context and story for your next CRA examination.

Episode 13: CDFIs Are Changing The World. Will You Join Them?

Community Development Financial Institutions (CDFIs) were created to deliver responsible, affordable lending to help low-income, low-wealth and other disadvantaged people and communities join the economic mainstream.

Episode 12: $2.2 Billion Is at Stake for Low-Income Taxpayers

Join the network of thousands of volunteers that ensures millions of low-income taxpayers receive billions of dollars in refunds, a network that helps the community meet their civic obligations as taxpayers and supports them on the path to financial security and opportunity.

Episode 11: The Average American Has $90,460 In Consumer Debt

According to Experian data, if you have a credit card or two in your wallet, you’re not alone. There is over $756 billion in outstanding credit card debt in the U.S., and approximately 95% of adults have a credit card account open in their name, according to Experian data from the third quarter (Q3) of 2020.

Episode 10: One Super Simple Community Development Service You Might Be Under-Reporting

The low-hanging fruit of community development services is…boards and committees!

Many bank executives and employees are or could be serving on nonprofit boards and committees. These service hours and activities count towards the majority of community development services for most banks.

Episode 9: Can the Countless Hours We Spent on the SBA PPP Count? You Might Be Surprised…

Can the countless hours you’ve spent on the SBA Paycheck Protection Program (PPP) count as a community development service?

The answer is yes and no! Although your bank worked seemingly around the clock last year to stand up the SBA PPP, none of the hours spent internally creating the loan application portals, working on underwriting and compliance or deploying loans under the program count towards your CRA program.

Episode 8: Three Community Development Services You’d Be Surprised Don’t Count

On this week’s CRA Tip episode, we explore three community development services you might be surprised don’t count as CRA activities. Here is a brief overview:

Episode 7: Are You Unintentionally Under-Serving Low- and Moderate-Income (LMI) Communities?

Take a second look at the retail distribution of your branches, ATMs and deposit-taking ATMs. Sometimes, it is helpful to map these data points to visualize how far away your branches and ATMs are from the next closest low- or moderate-income area. Now that you’re looking more closely, does your retail distribution arbitrarily exclude LMI geographies?

Episode 6: Three Ways To Inspire More Community Development Loan Activities

Last week, we talked about community development loan identification best practices – the low-hanging fruit that may already exist at your institution.

Now, we switch our attention to proactive measures! Here are some best practices to increase the number of community development loan prospects that come across your desk.

Episode 5: Internal Stakeholders: Who They Are And Why They Matter

You can’t do this work alone. In fact, the best CRA programs are built around key stakeholders working together towards the same CRA goals.

As you know, mining for community development loans (CDL) can be a very manual and time-consuming process. This is especially true given that the subjective and technical definitions of a CDL aren’t often necessary within each credit approval memorandum write-up.

Episode 4: Community Development Loans… How Much Is Enough?

Regulators are currently revisiting the way they define a community development loan (CDL) through CRA modernization efforts. So until there is more regulatory certainty, how do you determine how many CDL qualified loans are enough? While you can’t guarantee anything during the iterative swirl of CRA reform, this episode aims to give you a good idea of reasonable targets when executive management asks “how much is enough.” Here’s where you should start:

Episode 3: Community Development Loan Mining Strategies You Don’t Want To Miss

When looking through your loan portfolio for qualified community development loans, it is essential to have a strategic approach given limited time and resources to conduct a 100% review. A tactical approach can save you time and help you qualify more loans to support your bank’s lending performance.

Episode 2: Five Must Have Strategy and Implementation Documents to Guide Your CRA Program

As you start building or refreshing your CRA program, these internal documents can serve as a guiding light. Gather these core documents and make sure you revisit them often as you initiate new programs and build your CRA culture throughout the bank.

Episode 1: CRA TIPS – A Series Created for CRA Practitioners

Managing the Community Reinvestment Act (CRA) program for your financial institution can be challenging, especially if you’re new to the CRA. To support you in your CRA journey, CRA Today and Kadince have partnered to provide informative content to highlight CRA best practices and ideas to guide your CRA program.

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