USA Cares

Community Reinvestment Act (CRA)

HOW USA CARES ASSIST VETERANS THAT ARE IN
LOW TO MODERATE INCOME (LMI)

What is the Community Reinvestment Act (CRA)?

The Community Reinvestment Act (CRA), enacted in 1977, requires the Federal Reserve and other federal banking regulators to encourage financial institutions to help meet the credit needs of the communities in which they do business, including low- and moderate-income (LMI) neighborhoods.

Banking Regulators for the CRA

Three federal banking agencies, or regulators, are responsible for the CRA. Banks that have CRA obligations are supervised by one of these three regulators. Each regulator has a dedicated CRA site that provides information about the banks they oversee and those banks’ CRA ratings and Performance Evaluations.

  • Federal Deposit Insurance Corporation (FDIC)
  • Federal Reserve Board (FRB)
  • Office of the Comptroller of the Currency (OCC)
Federal Reserve's Role

The Federal Reserve supervises state member banks–or, state-chartered banks that have applied for and been accepted to be part of the Federal Reserve System–for CRA compliance.

To carry out its role, the Federal Reserve

Source:Federal Reserve Board – Community Reinvestment Act (CRA)
(https://www.federalreserve.gov/consumerscommunities/cra_about.htm)

Community Qualifier

Community Qualifier profile : USA Cares Inc | findCRA

Our LMI information
HOUSEHOLD INCOME – 2021 All Applicants Applicant % Total Assisted Assisted % Total
Less than $9,999 1,158 18.73% 126 23.29%
$10,000 to $14,999 550 8.90% 39 7.21%
$15,000 to $24,999 1,188 19.22% 117 21.63%
$25,000 to $34,999 1,176 19.03% 94 17.38%
$35,000 to $49,000 1,383 22.38% 116 21.44%
$50,000 and up 677 10.95% 48 8.87%
No Response 48 0.78% 0 0.00%

For more information, please contact Taylre Campbell at taylre@usacares.org or Trace Chesser at trace@usacares.org

Number & Amount of case payments: 2017-2021

StateAmount of Case PaymentsCount of Case Payments
Individual-Main$4,348,295.083,911
Alaska$3,437.654
Alabama$105,189.0788
Arkansas$30,218.4127
Arizona$117,155.99108
California$397,649.85343
Colorado$133,246.56130
Connecticut$26,591.0121
D.C.$10,358.409
Delaware$12,457.31 9
Florida$387,985.83368
Georgia$367,102.07330
Hawali$29,936.7321
Lowa$6,869.489
Idaho$10,712.999
Illinois$74,380.5070
Indiana$87,660.3084
Kentucky$144,157.31108
Kansas$17,252.6922
Louisiana$34,638.5131
Massachusetts$25,570.1120
Maryland$75,943.2475
Maine$7,277.105
Michigan$61,622.8758
Minnesota$38,652.9135
Missouri$69,856.8174
StateAmount of Case PaymentsCount of Case Payments
Mississippi$48,826.1145
Montana$10,569.419
North Carolina$236,584.89233
North Dakota$6,767.195
Nebraska$17,032.5913
New Hampshire$6,156.517
New Jersey$44,588.7240
New Mexico$15,480.7818
Nevada$54,500.0044
New York$76,659.4167
Ohio$81,680.2387
Oklahoma$42,293.3742
Oregon$27,968.0925
Pennsylvania$117,680.4491
Rhode Island$10,432.619
South Carolina$125,219.49100
South Dakota$9,448.247
Texas$688,609.88605
Tennessee$89,677.2386
Utah$25,720.4921
Virginia$196,260.12169
Vermont$3,232.913
Washington$83,251.1376
Wisconsin$33,632.8331
West Virginia$12,444.3614
Wyoming$1,697.502
 $3,492.121
Overseas$2,464.793
Grand Total$4,348,295.083,911

Total Number Of Requests : 2017-2021

StateCount of Case Payments
Individual-Main41,149
Alaska106
Alabama979
Arkansas357
Arizona1,119
California3,824
Colorado1,114
Connecticut250
D.C.79
Delaware82
Florida3,426
Georgia2,914
Hawali159
Lowa213
Idaho128
Illinois921
Indiana797
Kentucky1,052
Kansas378
Louisiana586
Massachusetts302
Maryland850
Maine84
Michigan919
Minnesota389
Missouri845
StateCount of Case Payments
Mississippi412
Montana108
North Carolina2,172
North Dakota42
Nebraska184
New Hampshire86
New Jersey525
New Mexico217
Nevada476
New York973
Ohio922
Oklahoma576
Oregon390
Pennsylvania1,106
Rhode Island76
South Carolina925
South Dakota73
Texas5,401
Tennessee1,001
Utah171
Virginia1,860
Vermont35
Washington898
Wisconsin368
West Virginia178
Wyoming51
 5
Overseas45
 36
Grand Total41,185

Number of Requests Not Assisted
due to lack of funds: 2017-2021

StateCount of Case Payments
Individual-Main12,711
Alaska30
Alabama293
Arkansas117
Arizona355
California1,171
Colorado340
Connecticut69
D.C25
Delaware29
Florida1,091
Georgia924
Hawali53
Lowa74
Idaho35
Illinois282
Indiana235
Kentucky218
Kansas118
Louisiana178
Massachusetts81
Maryland268
Maine24
Michigan292
Minnesota123
Missouri254
StateCount of Case Payments
Mississippi122
Montana36
North Carolina690
North Dakota16
Nebraska53
New Hampshire28
New Jersey164
New Mexico69
Nevada142
New York329
Ohio285
Oklahoma177
Oregon119
Pennsylvania343
Rhode Island31
South Carolina274
South Dakota23
Texas1,610
Tennessee317
Utah54
Virginia653
Vermont10
Washington291
Wisconsin110
West Virginia56
Wyoming13
(blank)2
Oveeseas15
(blank)11
Grand Total12,722