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CRA Nuts & Bolts - Five Steps to Pass the Exam

Writing a dynamic CRA context report can show examiners not only that your financial institution understands the community demonstrate why your CRA program qualifies for a "Satisfactory" or possibly "Outstanding" rating credit needs, but that you are effectively meeting the needs in the assessment areas you serve. We will review the steps required to establish your case and tips for managing the exam.

OnDemand
Recorded Friday,
July 30th, 2021
Presented by Susan Costonis
1h 30m total length
2 CEU Credits
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Compliance
  • Lending
  • Bank Legal Counsel
  • Board Member
  • Branch Manager
  • Commercial Lender
  • Community Reinvestment Act Officer
  • Compliance Officer
  • Consumer Lender/Retail Banker
  • Internal Auditor
  • Loan Operations Manager/Specialist
  • Marketing Officer/Business Development
  • Mortgage Lender
  • Senior Management
  • Small Business Lender
  • Trainer

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Writing a dynamic CRA context report can show examiners not only that your financial institution understands the community demonstrate why your CRA program qualifies for a "Satisfactory" or possibly "Outstanding" rating credit needs, but that you are effectively meeting the needs in the assessment areas you serve. We will review the steps required to establish your case and tips for managing the exam.

Learn about the CRA exam process that is used by each of the prudential regulators and the various "tests" that are used to create a rating and public performance evaluation. Some of the unique factors that may be considered include activities that revitalize or stabilize designated disaster areas. Could your financial institution be eligible for consideration? The pandemic probably impacted the customers and business served by your bank. Learn about the FIVE Frequently Asked Questions relating to CRA that were issued by the OCC, FDIC, and Federal Reserve.

Covered Topics

  • Five steps for managing a CRA exam and the importance of developing a CRA strategy
  • Tips for banks that are ISB (intermediate small banks) and the transition to CRA reporting when the large bank threshold is reached.
  • Learn how to document lending activity in designated disaster areas.
  • What's included in a performance context? Learn how to describe your institution, quantify the ability and capacity of the bank to meet credit needs based on financial data. Learn how to highlight the positive outcomes of your lending focus and business strategy.
  • Tips to describe your assessment area including demographic and economic data resources.
  • Best practices to deal with CRA-related complaints and potential fair lending issues that can threaten a successful exam.
  • Definitions of Community Development Loans and Services
  • Ideas for passing the Investment Test portion of the exam
  • Overview of the OCC rules that become effective on October 1,2020 but also phases in a framework for small and intermediate banks by January 1, 2024. NOTE: The FDIC and Federal Reserve did NOT join in these new rules.
  • Helpful CRA compliance resources and regulatory guidance

Who should attend

This session is "must" for CRA Officers of small, intermediate, and large institutions. The session will also benefit the Board & senior management, credit administration, lenders, compliance, and marketing professional

"This was one of the best Webinars I have attended.  Susan was easy to listen to and explained things in a way that even as a CRA beginner, I could understand. She answered all my questions. Thank you." -- Sara Berry, Retail Administration and Education, BTC Bank

"Outstanding and informative presentation." -- Gail Williams, Vice President, CRA Officer, Union Savings Bank


Susan Costonis

Instructor Bio

Susan Costonis is a compliance consultant and trainer. She specializes in compliance management along with deposit and lending regulatory training.

Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and ?translates? complex regulations into simple concepts by using humor and real life examples.


Credit Information

Recommended for 2 CEU Credit Hours. After attending this webinar, each attendee can receive a Certificate of Attendance for self-reporting of CEU Credits.