Community Reinvestment Act (CRA) The Community Reinvestment Act (CRA) is a law passed in 1977 that encourages banks and other financial institutions to help meet the credit needs of their communities, including low- and moderate-income (LMI) neighborhoods.
FDIC Link to More Info FedCommunities.org CRA: Building Block for change-- |
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Have you done something that was successful? Please share for me and others-and thanks! [email protected] |
My coworker Dan created this summary for me to share
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Read this--(4 pages) encouraging banks to get involved with local VITA programs--its an oldie but still holds true and they keep republishing it.
This is a link to a Q & A on the CRA topic-most isn't relevant to us-- but check out pages 14, 25-26
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A sample letter I started-- Do you have one?
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My horribly written notes from a call I had with FDIC specialist--learning about CRA
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You can contact me at [email protected]
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Please note: I, Mary Meador, AM NOT a certified accountant or tax law expert. I volunteer with VITA providing free tax preparation for individuals and families whose income is less than $66,000 a year. We deal with simple returns at our sites. I cannot guarantee the accuracy of all the information on this site as tax laws change and I may not have a clear understanding of complicated issues. I am trying to provide basic tax preparation information for our volunteers to get started--remember Publication 4012 is your go-to resource for questions, as well as irs.gov and Publication 17. I hope you find this information useful and easy to understand. Thanks for being a VITA/TCE volunteer!
**I am human, so if you find a mistake, please let me know so I can fix it--we are all in this together** All images from our UWLHG Canva account unless promoting the resource linked to |