30 JULY / AUGUST 2018 PRODUCTS & SERVICES PROFILE Finding the right CRA compliance opportunity for your bank can be challenging. However, there may be a simple solution to your bank’s CRA needs. CRA Partners is a turnkey CRA compliance program that allows banks to make a real difference in their community. Headquartered in Memphis, Tennessee, CRA Partners helps over 225 banks across the country earn CRA credit for ensuring safe and secure living environments for senior citizens in nursing homes, HUD facilities and state veterans homes. The organization is endorsed by the Independent Community Bankers of America, additionally has endorsements from bankers associations in 43 states, and has earned a relationship with the Indiana Bankers Association as a Preferred Service Provider. The mission of CRA Partners is to protect and enhance the lives of vulnerable senior housing residents through a meaningful turnkey CRA compliance program for community-focused banks. To carry out this mission, the company administers the Senior Crimestoppers program in senior living facilities across the country. The program safeguards low- to moderateincome seniors against theft, abuse and neglect. Program components include personal lockboxes for residents to safely store valuable items and a toll-free tip line through which individuals can anonymously report information about wrongdoing. Senior Crimestoppers pays cash rewards up to $1,000 for information received about any incidents that have occurred within participating facilities. Funded exclusively by the banking industry, the Senior Crimestoppers program has reduced crime in member facilities by 95 percent and protects more than 100,000 vulnerable seniors nationwide. Currently six IBA-member banks participate in the CRA Partners program: • Centier Bank, Merrillville • First Farmers Bank & Trust Company, Converse • Lake City Bank, Warsaw • Old National Bank, Evansville • Springs Valley Bank & Trust Company, French Lick • State Bank of Lizton, Brownsburg “Our partnership enables us to offer solid and safe community development loan, investment or grant options, and a Senior Crimestoppers Program designed to provide a safe and secure environment for our senior citizens,” says Jamie R. Shinabarger, president and CEO of Springs Valley Bank & Trust Company. CRA Partners offers banks flexible, low-risk funding options of loans, investments and grants that are tailored to meet banks’ specific CRA needs. Partner banks also have the opportunity for service test credit consideration by presenting the “Preventing Elder Financial Abuse” video toolkit to low-to moderateincome audiences. The video, produced by CRA Partners, educates viewers on how to spot and prevent elder financial exploitation. Many banks have used this tool to become community leaders in prevention education. A Meaningful CRA Program For community-focused banks Sue Shaffer Vice President, Relationship Development CRA Partners Sue.Shaffer@ SHCPFoundation.org CRA Partners is a Preferred Service Provider of the Indiana Bankers Association.
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