#29: 5 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. • Peer Data: Download performance evaluations from similarly situated banks in your assessment areas.• Industry Data: Data from local community development think tanks, government agencies, or nonprofits. National statistics on demographics, labor, market, housing, small business, affordability, poverty, etc.• PE Templates: Performance evaluation templates are available at FFIEC.gov. Make sure to select the correct template based on your asset size (Small Institutions, Intermediate Small Institutions, Large Retail Institutions, Limited Purpose and Wholesale Institutions, and Institutions with Strategic Plans).• Standard Examiner Tables (from your previous exam): Re-create examination lending performance tables similar to what is presented within your last performance evaluation. • CRA Examination Procedures: Examination procedures are available at FFIEC.gov. Make sure you select the correct template base on your specific regulator (FRB, FDIC, or OCC).Quotes• “It’s crucial to populate that blank page and just get started because a self assessment is a key practice to positioning your bank for success and backing into your desired CRA rating.” (03:35-03:51)Want to learn more about the CRA? Sign up for CRA Today’s free course: https://hub.cratoday.com/freecourseLinksCRA Today Website: https://cratoday.com/ For more information on the CRA Hub, a membership for bankers to connect, inspire, and master the art of CRA: https://cratoday.com/hub/ Copyright © 2021 by CRA Today LLC(No claim to original U.S. government material)All rights reserved. No part of this podcast may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, including electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of the author and publisher.This podcast is a periodic publication of CRA Today LLC and is intended to notify and inspire recipients of new developments in the Community Reinvestment Act. It should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own attorney concerning your situation and specific legal questions you have.Podcast production and show notes provided by HiveCast.fm