Canarie AI

Exam Preparation

CRA Exam Preparation for Financial Services

Community Reinvestment Act examinations evaluate your institution's record of meeting community credit needs. Canarie helps you maintain evidence of CRA activities, from lending in assessment areas to community development investments to service delivery. Specifically tailored for the unique examination requirements facing financial services.

More for Financial Services

Financial Services Exam Preparation Challenges

Executing compliance work systematically
Capturing evidence automatically
Proving compliance happened
Managing recurring compliance tasks
Preparing for examinations

Examining Agencies

FDICOCCFederal Reserve

Exam Frequency

Every 2-5 years depending on asset size and rating

Preparation Steps for Financial Services

1
Update assessment area analysis
2
Compile lending data by geography
3
Document community development activities
4
Gather service delivery evidence
5
Prepare response to community needs assessment
6
Compile innovative and flexible lending documentation
7
Document community partnerships

Evidence Examiners Expect

Assessment area delineation
Lending distribution analysis
Community development loan documentation
Investment and grant records
Service delivery documentation
Community contact feedback
Board CRA oversight evidence

Related Compliance Areas for Financial Services

BSA/AMLConsumer protectionFair lendingData privacyRegulatory compliance

Frequently Asked Questions

Transform CRA Exam Preparation for Your Financial Service

See how financial services prepare for examinations in days, not weeks.