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#1602433 - 09/12/11 06:22 PM Senior Housing Crime Prevention Foundation (SHCPF)
ecrew,CRCM Offline
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Does anyone participate with SHCPF? We are a small community bank, not yet CRA repoartable, but working towards it. Just seeing if others work with this foundation and for any feedback regarding them.

Thank you.
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#1602470 - 09/12/11 06:43 PM Re: Senior Housing Crime Prevention Foundation (SHCPF) ecrew,CRCM
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Yes, we did. For CRA credit, I would urge you to get written advice from your regulator on how to structure it before you commit to the investment. Otherwise, the Foundation was excellent to work with and it was good PR for the bank. I am impressed by the program's success.
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#1602577 - 09/12/11 08:43 PM Re: Senior Housing Crime Prevention Foundation (SHCPF) JUST CALL ME CRA
Key Lime Pie Offline
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I've looked at this but it seems like they want a fairly substantial investment. Do you know if they are flexible with that?

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#1602599 - 09/12/11 09:10 PM Re: Senior Housing Crime Prevention Foundation (SHCPF) Key Lime Pie
bOaty Offline
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Here is another thread on SHCPF .
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#1602677 - 09/13/11 12:24 PM Re: Senior Housing Crime Prevention Foundation (SHCPF) bOaty
ecrew,CRCM Offline
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Thank you, I will look at other thread.
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#1602819 - 09/13/11 02:47 PM Re: Senior Housing Crime Prevention Foundation (SHCPF) ecrew,CRCM
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Yes, I believe they are flexible. When worked with them, they were not high pressure and were very helpful. You can just give them a call.
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#1602968 - 09/13/11 05:10 PM Re: Senior Housing Crime Prevention Foundation (SHCPF) JUST CALL ME CRA
ACBbank Online
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What are the odds? I just got off the phone with an individual from this organization. No pressure and he was very professional.

He was 100% certain we would get $100 in CRA credit for every $1 we invested. Glad I saw this and the above linked thread. I'll have to think twice now.
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#1603017 - 09/13/11 06:18 PM Re: Senior Housing Crime Prevention Foundation (SHCPF) JUST CALL ME CRA
Tennismom Offline
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Originally Posted By: I Love My Job
Yes, we did. For CRA credit, I would urge you to get written advice from your regulator on how to structure it before you commit to the investment. Otherwise, the Foundation was excellent to work with and it was good PR for the bank. I am impressed by the program's success.


How do you ensure/evidence that the funds are used in you bank's assessment area?

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#1603362 - 09/14/11 02:40 PM Re: Senior Housing Crime Prevention Foundation (SHCPF) Tennismom
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Is anyone going to the conference call that SHCPF is holding in New York in October?
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#1603432 - 09/14/11 03:33 PM Re: Senior Housing Crime Prevention Foundation (SHCPF) ecrew,CRCM
ACBbank Online
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Originally Posted By: lcrew
Is anyone going to the conference call that SHCPF is holding in New York in October?


I'm planning on attending. I want to learn a little more about this organization prior to getting on board.
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#1603513 - 09/14/11 04:44 PM Re: Senior Housing Crime Prevention Foundation (SHCPF) ACBbank
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That's what I am going for also.
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#1604352 - 09/15/11 09:34 PM Re: Senior Housing Crime Prevention Foundation (SHCPF) ecrew,CRCM
MyKidsMom Offline
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Been with them for several years. Great folks. You pick the nursing home you sponsor to ensure that its in your assessmnt area.

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#1605841 - 09/20/11 01:35 PM Re: Senior Housing Crime Prevention Foundation (SHCPF) ACBbank
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Yes, they were 100% certain with us too. But it didn't happen. You really need a letter from your regulator that is very specific concerning how you are going to structure the transaction. The letters that are on file are just vague enough to get you in trouble. As I said, this is a great cause and great people and you would think that the regulators are practically endorsing it. All I know is that we only received credit for a fraction of our investment.
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#1605847 - 09/20/11 01:36 PM Re: Senior Housing Crime Prevention Foundation (SHCPF) Tennismom
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You pick nursing homes that are in your assessment area. You may already have nursing homes as customers that yo want to offer this to.
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