Community Reinvestment Act (CRA)

Trusted World helps banks meet their Community Reinvestment Act (CRA) requirements by providing a structured and impactful way to support low-to-moderate-income (LMI) communities through donations, volunteerism, and strategic partnerships. Here’s how:

Qualifying Community Development Activities

The CRA encourages banks to invest in activities that benefit LMI communities. Trusted World operates directly in this space by providing essential resources (clothing, food, and personal care items) to individuals in need.

Banks can fund Trusted World initiatives, which qualifies as a CRA-eligible investment under community development services.

Volunteer Opportunities for Bank Employees

Banks can enhance their CRA ratings by engaging employees in volunteer activities. Trusted World offers structured volunteer opportunities, such as sorting and inspecting donations, which align with CRA’s focus on financial institutions supporting their communities.

This also helps fulfill banks’ service test requirements, where they must show direct involvement in community service.

Supporting Economic Stability

By ensuring people have basic necessities, Trusted World helps individuals stabilize their lives, making them better candidates for employment and financial services.

Banks that support these initiatives indirectly contribute to financial literacy and economic empowerment, aligning with CRA’s goal of promoting economic stability in underserved areas.

Strengthening Relationships with Nonprofits and Local Organizations

Trusted World serves as a hub for nonprofits, schools, and law enforcement agencies, allowing banks to partner with multiple community-focused organizations through a single trusted entity.

This maximizes impact and simplifies CRA compliance efforts by consolidating outreach and funding efforts under one efficient model.