CRA Nuts & Bolts - Five Steps to Pass the Exam

Writing a dynamic CRA context report can show examiners not only that your financial institution understands the community demonstrate why your CRA program qualifies for a "Satisfactory" or possibly "Outstanding" rating credit needs, but that you are effectively meeting the needs in the assessment areas you serve. We will review the steps required to establish your case and PASS THE EXAM!

The definition of “community development" changed in September, 2005 to including, among other things, activities that revitalize or stabilize designated disaster areas. A financial institution's activity will be considered to revitalize or stabilize a designated disaster area if it helps to attract new, or retain existing, businesses or residents and is related to disaster recovery and examiners will consider revitalization or stabilization activities that take place within 36 months after the date of the disaster designation. Could your financial institution be eligible to receive special consideration for lending in a designated disaster area?

Covered Topics

  • Five steps for managing a CRA exam and the importance of developing a CRA strategy.
  • NEW! – Five FAQs relating to CRA and the COVID 19 pandemic were added on March 8, 2021 by the OCC, FDIC, and Federal Reserve
  • Tips for banks that are ISB (intermediate small banks of $330 million in the prior two calendar years and the transition to CRA reporting when the large bank threshold of $1.322 billion is reached.
  • Learn how to document lending activity in designated disaster areas.
  • What's included in a performance context? Learn how to describe your institution, quantify the ability and capacity of the bank to meet credit needs based on financial data. Learn how to highlight the positive outcomes of your lending focus and business strategy.
  • Tips to describe your assessment area including demographic and economic data resources.
  • Best practices to deal with CRA-related complaints and potential fair lending issues that can threaten a successful exam.
  • Definitions of Community Development Loans and Services
  • Ideas for passing the Investment Test portion of the exam
  • Overview of the OCC rules that become effective on October 1,2020 but also phases in a framework for small and intermediate banks by January 1, 2024. NOTE: The FDIC and Federal Reserve did NOT join in these new rules.
  • Helpful CRA compliance resources and regulatory guidance

Who Should Attend?

This session is "must" for CRA Officers of small, intermediate, and large institutions. The session will also benefit the Board & senior management, credit administration, lenders, compliance, and marketing professional.

"This was one of the best Webinars I have attended.  Susan was easy to listen to and explained things in a way that even as a CRA beginner, I could understand. She answered all my questions. Thank you." -- Sara Berry, Retail Administration and Education, BTC Bank

"Outstanding and informative presentation." -- Gail Williams, Vice President, CRA Officer, Union Savings Bank