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#2217640 - 07/15/19 03:55 PM CRA Service Test
ckme Offline
Gold Star
ckme
Joined: Sep 2002
Posts: 256
Has anyone received service credit for staff working in a store that benefits affordable housing with the sales proceeds?

I thought it would be a great opportunity for tellers to use their "financial expertise" with cash handling and sales. But the store may need stocking or going through donations during a shift rather than someone on the cash register. I really think is different than an employee working on a construction project, but don't want to invest too much time if it is too much of a stretch.

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CRA
#2217759 - 07/16/19 06:17 PM Re: CRA Service Test ckme
mrogersfib Offline
100 Club
Joined: Aug 2018
Posts: 116
This could work as long as they didn't spend the majority of their time stocking shelves. You could just say in your justification/narrative that they provided cash handling for the primary purpose of affordable housing.

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#2218063 - 07/19/19 05:22 PM Re: CRA Service Test ckme
Len S Offline
Diamond Poster
Joined: Oct 2004
Posts: 2,155
Connecticut
To get credit for community development services the service must be either financial in nature or related to the expertise of the employee providing the service. This is not the same as the "service test" which is applied to large banks (see below)

Technically, the service test (as opposed to CD services which are included under this test) is applied under large bank performance standards and aside from CD service activity is largely based on the location of branches throughout the community based on comparing the relative number of branches in LMI tracts in comparison to the relative distribution of population among LMI tracts
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