WOuld participation on the Board of a local service organization that is for the purpose of providing an outlet for abused children/parents be considered a community service per CRA? Also what about if the employee serves as the coordinator for the American Cancer Society's county wide Relay for Life?

Yes to the first one, if as part part of your duties you provide financial support/information. As a good board member you should be reviewing financials and helping raise funds so the service should count.

As for the second one, no. ACS will serve anyone no matter what how much they make, in other words it is not directed to LMI individuals.

Your employees duties on the Board or what they contribute to the organization will determine Community Development credit or not. You need to qualify them as providibg one of the following examples that appear in the new Community Development revisions.

Community Developmet Services as follows:

Providing financial services to low and moderate-income individuals through branches and other facilities located in low- and moderate-income areas, unless the provision of such services has been considered in the evaluation of a bank’s retail banking services under §ll.24(d);

• Providing technical assistance on financial matters to nonprofit, tribal or government organizations serving low and moderate-income housing or economic revitalization and development needs;

• Providing technical assistance on financial matters to small businesses or community development organizations, including organizations and individualswho apply for loans or grants under the Federal Home Loan Banks’ Affordable
Housing Program;

• Lending employees to provide financial services for organizations facilitating affordable housing construction and rehabilitation or development of affordable housing;

• Providing credit counseling, homebuyer and home maintenance counseling, financial planning or other financial services education to promote community development and affordable housing;

• Establishing school savings programs and developing or teaching financial education curricula for low- or moderate-income individuals;

• Providing electronic benefits transfer and point of sale terminal systems to improve access to financial services, such as by decreasing costs, for low- or moderate-income individuals;

• Providing international remittances services that increase access to financial services by low- and moderate-income persons (for example, by offering reasonably priced international remittances services in connection with
a low-cost account);

• Providing other financial services with the primary purpose of community development, such as low-cost bank
accounts, including ‘‘Electronic Transfer Accounts’’ provided pursuant to the Debt Collection Improvement Act of 1996, or free government check cashing that increases access to financial services for low- or moderate-income individuals.

Examples of technical assistance activities that might be provided to community development organizations include:

• Serving on a loan review committee;

• Developing loan application and underwriting standards;

• Developing loan processing systems;

• Developing secondary marketvehicles or programs;

• Assisting in marketing financial services, including development of advertising and promotions,publications, workshops and conferences;

• Furnishing financial services training for staff and management;

• Contributing accounting/ bookkeeping services;

• Assisting in fund raising, including soliciting or arranging investments