Community Development Benchmarks

In this episode of Compliance 911, Dean Stockford and Len Suzio discuss the OCC’s proposed Community Development benchmarks for CRA performance, focusing on why community development has historically been difficult for banks to measure and plan. Len explains how the proposed benchmarks are organized by activity type—CD lending, qualified investments, services, and combined lending/investment activity—as well as by performance rating, bank size, and annual measures such as Tier 1 capital, assets, and volunteer service hours. The episode highlights how these benchmarks may give community banks a clearer framework for setting CRA goals and evaluating satisfactory or outstanding community development performance. Listeners can also download GeoDataVision’s special PDF recap containing all 67 proposed Community Development lending, investing, and service benchmarks from the GeoDataVision website.

https://geodatavision.com/content/occ-proposed-elective-goals-for-cra-strategic-planning/

Brought to you by GeoDataVision and M&M Consulting