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Of Community & OppornmityAZLE CITY COUNCIL. REGULAR MEETING CITY COUNCIL CHAMBERS 613 S.E. PARKWAY ABLE, TEXAS 76020 Tuesday, August 1,2017AGENDA Alan Burnett Bill Jones William Chambers David McClure
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What is conrnunity amp oppornmity?
Community Reinvestment Act (CRA) and Opportunity Act (COA) aim to encourage financial institutions to help meet the credit needs of the communities in which they operate, including low and moderate income neighborhoods.
Who is required to file conrnunity amp oppornmity?
Banks, savings associations, and credit unions that meet certain criteria, such as asset size and regulatory status, are required to file Community Reinvestment Act (CRA) and Opportunity Act (COA) reports.
How to fill out conrnunity amp oppornmity?
Financial institutions can fill out CRA and COA reports by collecting data on their community development and lending activities, analyzing the data, and submitting the required information to the appropriate regulatory agency.
What is the purpose of conrnunity amp oppornmity?
The purpose of CRA and COA is to ensure that financial institutions are meeting the credit needs of all segments of their communities, including low and moderate income individuals and neighborhoods.
What information must be reported on conrnunity amp oppornmity?
Financial institutions must report on their community development initiatives, lending activities, and the impact of those activities on the communities they serve.
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