Community Reinvestment Act Community Development Services Explained (and the CRA Volunteer Opportunities That Qualify)
When federal banking agencies evaluate your bank’s Community Reinvestment Act performance, lending and investments often dominate the conversation. But there’s a third category that compliance teams frequently underestimate: community development services and CRA volunteer opportunities. These non-lending activities allow bank staff to volunteer their financial expertise in ways that benefit low- and moderate-income (LMI) individuals … Read more