CRA Nuts & Bolts – Five Steps to Pass the Exam
Learn five steps to pass the exam. The first step is to develop a "context report" that tells your story to the examiners.
Our topic for the webinar will focus on several simple steps to ensure a successful CRA exam outcome.
Writing a dynamic CRA context report can show examiners not only that your financial institution understands the community 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 demonstrate why your CRA program qualifies for a “Satisfactory” or possibly “Outstanding” rating.
The only way you can be sure that your performance context tells the right story is to tell the story yourself.
- Five steps for managing a CRA exam
- The importance of developing a CRA strategy and steps for successful implementation
- 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, and any issues that should be highlighted about a holding company, affiliate or subsidiary
- 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
- Asset-Size updates for 2015 CRA Reporting
- Ideas for passing the Investment Test portion of the exam
- Helpful CRA compliance resources and regulatory guidance including key information from the Interagency Question and Answers: Updates to Community Development Guidance published November 20, 2013
Compliance Officers, CRA Officers, and Senior Management will find this session very beneficial.
Susan Costonis is a compliance consultant and trainer. She specializes in compliance management along with deposit and lending regulatory training and began her career in 1978. 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.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2.5 CE Credits
- Live Webinar which includes 5 Day On-Demand - $265
- Six Month On-Demand – $295
- Live plus Six Month On-Demand – $365
- CD-ROM (Includes Six Month On-Demand) – $325
- Premier (Includes all options) – $395
- Additional Locations – $75
Online: Click here.
Phone: Call Total Training Solutions at (800) 831-0678
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