Banks/Thrifts
CRA Process
The CRA process begins once your institution has made an investment in the Fund. We will then confirm with you the assessment areas by county that you would like to target.
CRA-qualified investments are sought in the Bank's predefined assessment areas. Investments are identified, purchased and earmarked to the Bank for CRA consideration.*
The Bank receives extensive documentation for each security identified, purchased and earmarked on its behalf identifying why it is a CRA-qualified investment. After each exam, new investments will be identified, purchased, and earmarked to a Bank in anticipation of its next CRA exam. No "double counting" is permitted.
* From a financial standpoint, the Bank owns a pro-rata share of the CRA Qualified Investment Fund whereby the risks and returns of the Fund's investments are pooled, divided and diversified among all the shareholders.
