#21: 1 Super Simple Community Development Service You Might Be Under-Reporting

The low-hanging fruit of community development services is…boards and committees! Many bank executives and employees are or could be serving on nonprofit boards and committees. These service hours and activities count towards the majority of community development services for most banks. Make sure you are diligently collecting this data and not letting it fall through the cracks. You may want to add a link to your intranet or launch a campaign and incentivize employees to report their board and committee service hours. Quotes• “I estimate that the boards and committees that your bankers serve on probably equates to 70-80% of the total volume of your community development services.” (1:35-1:49)• “I want you to reach back out on a periodic basis to try to gather those community development services on behalf of your bankers, your employees, your executives. Oftentimes, we underreport because we’re just not getting the information.” (2:28-2:48)• “There’s a lot of volume of community development services through regular bank volunteerism.” (3:34-3:40)LinksFor an easy way to collect volunteer hours and data, visit this link: https://www.kadince.com/community-involvement-software/volunteer-service-tracking CRA Today Website: https://cratoday.com/ For more information on the CRA Hub, a membership for bankers to connect, inspire, and master the art of CRA: https://cratoday.com/hub/ Copyright © 2021 by CRA Today LLC(No claim to original U.S. government material)All rights reserved. No part of this podcast may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, including electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of the author and publisher.This podcast is a periodic publication of CRA Today LLC and is intended to notify and inspire recipients of new developments in the Community Reinvestment Act. It should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own attorney concerning your situation and specific legal questions you have.Podcast production and show notes provided by FIRESIDE Marketing: https://meetfireside.com/podcast-production-service/