Community Reinvestment Act Policy Update

Product Update Notification

Community Reinvestment Act Policy Update - 10/18/05

Bankpolicies.com is proud to announce the immediate availability of our revised CRA Policy Template product.

What's Revised

Topic 18 - Charitable Contributions Policy. This topic was added to provide guidance regarding what types of organizations are eligible to receive monetary or in kind contributions from a financial institution and the criteria and documentation required in order to approve the donation of such requests.

The following subtopics are included within this section:

General

Authority and Responsibility

Eligible Organization Criteria

Ineligible Organization Criteria

Procedures for Submitting a Charitable Contribution Request

Program Status Reporting Requirements

Product Contents

Purpose and Contents - Topic 1

Policy Statement - Topic 2

Structure of Accountability - Topic 3

Definitions - Topic 4

Performance Tests, Standards and Ratings - Topic 5

Small Bank Performance Standards - Topic 6

Strategic Plan Guidelines - Topic 7

Assigned Ratings - Topic 8

Rating Under Appendix A - Topic 9

Assessment Area Delineation - Topic 10

Data Collection, Reporting and Disclosure - Topic 11

CRA Public File and Notice - Topic 12

Non-Discrimination Policy - Topic 13

Complaint Policy - Topic 14

CRA Branch Closure Policy - Topic 15

Charitable Contributions Policy - Topic 16

Staff Training - Topic 17

Retention of Documentation - Topic 18

Includes the following form templates:

CRA Charitable Contribution Request Form (1 page)

CRA Data Collection Form (1 page)

CRA Employee Involvement Report (1 page)

Ordering Information

This revised product is available to purchase from Bankpolicies.com for:

$250.00 - List Price

- or -

$25.00 - Update Price (applies only to clients who have previously purchased our CRA Policy Template product)

If you have ordered this product within the past 30 days since 10/18/05 you are eligible to receive the Product Update at no charge.

Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the upgrade or list price (whichever applies).

NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com.

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