CRA – Identifying and Documenting Community Development Activiti

Presented by Jack Holzknecht

This CD ROM will be available after November 10, 2010

WHAT?
Large, intermediate small and small banks all receive CRA credit for community development (CD) activities. Such activities include loans, investments, services, and donations. Determining if these activities do or do not receive CD credit can be a confusing task.

To make the matter more complicated, the agencies continue to release a steady stream of new guidance on CD activities. The revisions to the Interagency Questions and Answers Regarding Community Reinvestment, which were effective on March 11, 2010, deal primarily with the issue of community development activities.

This program reviews the regulatory guidance on determining which activities get credit. It also provides suggestions for steps to improve your chances for getting credit for a particular activity.

WHY?
Engaging in appropriate community development activities can result in a higher CRA rating. Engaging in CD activities is an essential element in achieving an "outstanding" CRA rating.

PROGRAM CONTENT
This two-hour seminar focuses on:

Why CD activities are important;

What qualifies as:

A community development loan;

A CD service; or

A qualified investment;

Activities in distressed and underserved areas;

Activities in designated disaster areas;

How to document CD activities; and

How to present CD activities in order to have the greatest chance of receiving credit.

WHO?
The program is designed for loan department management, compliance officers, and others with the responsibility of assuring a successful CRA program.

About the Speaker:
Jack Holzknecht is a principal with Pegasus Educational Services, LLC, a training firm headquartered in Louisville, Kentucky. He is an experienced consultant who has provided training to thousands of bankers and examiners for twenty-four years. He has the ability to identify the key compliance issues from each regulation. Jack's career began in 1976 as a federal bank examiner. He later headed the form and software and education divisions of a regional consulting company. In that capacity he developed loan and deposit form systems and software. He also developed and presented training programs to bankers in 43 states. Jack has been an instructor at compliance schools presented by the Georgia, Iowa, Kentucky, Pennsylvania, Nebraska, New York and Texas bankers associations. He developed and delivered compliance training for the FDIC and OTS for ten years. He is a Certified Regulatory Compliance Manager and a member of the National Speakers Association. He is also a "BOL Guru" at http://www.bankersonline.com/ and frequently answers compliance questions sent to "Bankers' Threads."