Building a strong professional network for community betterment, engaging banks with economic and community development projects.
Welcome to the Community Reinvestment Act (CRA) Network of Wisconsin!
Welcome to the CRA Network of Wisconsin! A professional development initiative focused on building a stronger professional network for community engagement and economic development. The Community Reinvestment Act (CRA) is a landmark law enacted nearly 50 years ago to encourage banks to help meet the credit needs of their entire communities, especially for low– and moderate–income (LMI) people or communities. CRA supports projects through grants, investments, loans, and volunteer activities and encourages banks to use safe and sound business judgment. Since 1977, CRA has urged banks to commit substantially to state and local governments and community development organizations, shaping how financial institutions perform in low- and moderate-income communities.
WEDA sponsors meetings for the CRA Network members to engage our members in new ways to fund affordable housing, business development, agriculture, and the community facilities that provide supportive services to your local community.
The CRA Network will host quarterly meetings focused on the eleven new CRA opportunity areas. These meetings will allow bankers to learn key lessons and detail the CRA’s needs and challenges. Meeting will focus on cross-sector solutions and discuss CRA modernization. Together WEDA and Wisconsin’s bankers can approach community and economic development in a more modern, practical way working together. All CRA Network memberships provide full membership with these valuable benefits:
CRA was modernized* in 2023 to achieve the following key goals:
- Encourage banks to expand access to credit, investment, and banking services in LMI communities, focusing on Minority Depository Institutions, Community Development Financial Institutions, in Native Land Areas, rural areas, persistent poverty areas, and other high–need areas.
- Adapt to changes in the banking industry, including internet and mobile banking.
- Provide greater clarity and consistency in applying the CRA regulations using a new metrics–based approach to evaluating bank retail lending and community development financing, using benchmarks.
- Tailor CRA evaluations and data collection to bank size and type. Small banks will continue to be evaluated under the existing framework and limit specific new data requirements to large banks with assets greater than $10 billion.
*due to pending litigation, the FFIEC has paused any communication concerning the rules to modernize the CRA.
Membership Benefits
WEDA’s CRA Network membership includes 1 or more employee/portal accounts. As a WEDA CRA Network Member, you enjoy full WEDA membership with benefits like:
Professional Development
Networking Opportunities
Advocacy and Policy
Resources and Information
Select a Membership Level
Small Asset Size Bank – $350/year
WEDA’s CRA Network-Small Asset Size Bank membership includes full WEDA membership benefits listed above, 1 employee/portal account, and gives you Statewide reach!
As a WEDA CRA Network Member Lending Institution, you will be made aware of projects in need of funding. WEDA established this network to connect organizations seeking financing for development projects with banks and other potential funders.
Sponsored By
Member Banks
Small Intermediate Asset Size Bank – $600/year
WEDA’s CRA Network-Small Intermediate Asset Size Bank membership includes full WEDA membership benefits listed above, 2 employee/portal accounts and gives you Statewide reach! Join Today $600/year. Additional employee/portal accounts can be added for $150/each (maximum of 6 total accounts).
As a WEDA CRA Network Member Lending Institution, you will be made aware of projects in need of funding. WEDA established this network to connect organizations seeking financing for development projects with banks and other potential funders.
Large Asset Size Bank – $1,100/year
WEDA’s CRA Network-Large Asset Size Bank membership includes full WEDA membership benefits listed above, 2 employee/portal accounts and gives you Statewide reach! Join Today $1,100/year. Additional unlimited employee/portal accounts can be added for $150 each.
As a WEDA CRA Network Member Lending Institution, you will be made aware of projects in need of funding. WEDA established this network to connect organizations seeking financing for development projects with banks and other potential funders.
President and Chief Executive Officer
Mary Perry
mperry@weda.org
Contact me for more
CRA Network Information
Small Business Lending Advisor
David Kircher
dkircher@pfadvise.com
Phoenix Financial Advisors, LLC
414.587.0805