Hi everyone,
I have recently been named CRA Officer for my institution and am in the process of learning the responsibilities and what it all entails. I am looking at what has been done previously to see whether we need to make some adjustments or if what has been done in the past is sufficient. Would anyone be willing to share what topics their CRA meetings consist of?
We hold quarterly meetings that consist of a review of some key items in our public file (i.e., LTD ratio, HMDA demographics review), community development items (loans, qualified & charitable investments, community service updates). We also occasionally invite a local organization to give a presentation that may result in either monetary or volunteer engagement from us, and we also periodically review a CRA PE for another similar institution to compare.
Is anyone out there doing things very different or can anyone offer suggestions of things that have worked for them in the past? Thanks in advance!