CRA exams are more difficult and taking longer than ever these days and one of the biggest reasons is a lack of data integrity. Examinations now can last for 10 or 11 weeks because examiners may spend days researching and questioning the reliability of your CRA data. The most common cause of data integrity problems is the lack of a documented CRA program including policy and systems and procedures.
Without a written CRA Policy and without documented systems and procedures the potential for error increases dramatically. That is why at the beginning of a Performance Evaluation examiners will question what systems and procedures are in place to assure the reliability of data. If you don't have written CRA systems and procedures you practically guarantee a prolonged CRA exam! -and you also increase the potential for embarrassing errors too.
GeoDataVision has now created a professional CRA Process Template that allows a Community Bank to establish a professionally designed CRA program that will help you avoid the weaknesses and problems of an undocumented set of systems and procedures.
The CRA Process Template includes everything you need for a professional CRA Program at your bank:
- CRA Policy
- CRA Systems and Procedures narrative
- CRA Data Entry Guide
- CRA Data Entry forms (Small Business, Community Development loans, Community Development Investments and Community Development Services)
- CRA Management Performance Reports
- CRA Internal Review Checklist
- CRA data sampling forms for Internal Review
The GeoDataVision CRA Process Template allows you to easily create a CRA Program that minimizes errors and facilitates management of your compliance performance and risk. The cost of the GeoDataVision CRA Program Template is minimal. The cost of a prolonged CRA exam is expensive. We invite you to examine the GDV CRA Program Template and learn how it can save your bank time and money.
