We use a variety of sources to ensure that nonprofits listed on our platform are closely aligned with the requirements of the Community Reinvestment Act.
It all starts with a detailed understanding of the Community Reinvestment Act itself; we not only look at the Act and the implementing regulations, but also the Interagency Questions & Answers. We also look closely at the examination procedures used to examine banks, published by their federal regulators – the OCC, the FDIC and the Federal Reserve. In addition to that, we utilize the information provided by the Federal Financial Institutions Examination Council on their website.
Using all of these laws, regulations and data as a baseline, coupled with our own experience as bankers and CRA professionals, we ensure that CRANIA, our Community Reinvestment Nonprofit Identification Algorithm, incorporates these as decisioning guidelines. We further compile data from over 20 trusted government and industry resources, including:
- The U.S. Census Bureau
- The Internal Revenue Service (IRS)
- The Community Development Financial Institution (CDFI) Fund
- The Small Business Administration
- The Federal Financial Institutions Examination Council (FFIEC)
- The Department of Housing and Urban Development (HUD)
- The National Center for Charitable Statistics (NCCS)
We ensure that whenever possible, we are utilizing the most up-to-date sources available and periodically update our database with new information when the agencies make it available.