30 Hoosier Banker October 2016 PSP SHOWCASE CRA Partners, powered by the Senior Housing Crime Prevention Foundation (SHCPF) is a compliance program to feel good about. The SHCPF, a trusted brand for over 15 years, has been providing protection and an enhanced quality of life for vulnerable senior housing residents through a turnkey CRA compliance solution for banks. Now the organization has a new name and a new look, but the same meaningful mission. Funded exclusively by the banking industry, CRA Partners has 225 bank partners which have purchased collateral on behalf of CRA Partners programs that have made a cumulative positive community impact of $283 million on low-and moderate-income (LMI) communities. The program transforms the lives of seniors by removing the fear of theft and neglect, while at the same time providing an opportunity for sponsoring banks to earn CRA credit. Benefits of CRA Partners programming are: • Guaranteed CRA credit on loan and investment tests; • Opportunity for service test credit using tools, including Preventing Elder Abuse Toolkit and the Welcome Home Banking website, to provide financial education; • Flexible funding options, including CRA-qualified loans, investments or grants; • Detailed LMI documentation for positive CRA exam reviews; • Installation of a turnkey program in senior housing facilities, HUD communities and state veterans homes, with no overhead or administrative burden; • Enhanced quality-of-life programs for seniors; • Positive public relations exposure in the community. CRA Partners is your partner every step of the way, from participation through examination. Involvement is easy: A bank sponsors a nursing home in its community and has the flexibility to choose whether to structure its commitment as a community development loan, investment or grant. Once the bank’s financial commitment is in place, CRA Partners collaborates with the bank to identify nursing homes or veterans homes for the bank to sponsor. CRA Partners then implements the Senior Crimestoppers program in the facilities, trains the staff and coordinates a public event to announce the bank’s support of its sponsored facility. CRA Partners would like to thank Centier Bank, Northern Indiana; Lake City Bank, Warsaw; MainSource Bank, Greensburg; Old National Bank, Evansville; and State Bank of Lizton for their participation in efforts to protect vulnerable elderly residents, while earning CRA credit. These financial institutions have loaned, invested or granted more than $13 million to help provide safe living environments to over 1,100 Indiana seniors who reside in nursing homes, HUD senior housing communities or veterans’ homes. The nursing homes that have implemented the Senior Crimestoppers program have experienced a 95 percent reduction in crime incidents. There are two main reasons for a bank to get involved with CRA Partners programming. First, it’s the right thing to do. The elderly are vulnerable, and they deserve to live in safety and security, without the fear of theft, abuse and other personal violations. CRA Partners: New Look, New Name, Same Meaningful Mission About the Author Lori L. Millar is vice president, communications and marketing for CRA Partners, powered by the Senior Housing Crime Prevention Foundation. She has been with the organization for 11 years and has more than 25 years of experience in journalism, advertising, marketing, printing and sales. Millar is a graduate of the University of Memphis. The author can be reached at 877-232-0859, email: Lori.Millar@shcpfoundation.org. CRA Partners is a Preferred Service Provider of the Indiana Bankers Association.
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