What’s my CRA score?

Answered by:

Question:

What type of rating system does a regulatory agency use to assign a CRA rating?

Answer:

There are four possible ratings assigned to a bank under CRA: outstanding, satisfactory, needs to improve, or substantial noncompliance. The agency will first determine a component rating for each category – lending, investment, and services and then create a composite score from each component to determine which rating is assigned to the bank. If a composite rating is 20 or more points, the bank will receive an outstanding rating.

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