Banker Tool Box 2018-05-17T14:02:48+00:00

Provider Resources For:

 Bankers

Help your customers access programs, services and other resources to improve their financial capability and economic mobility.

It is the goal of Money Smart KC to provide a resource database with a variety of tools for financial institutions in Metropolitan Kansas City.  This resource database can be utilized as a training tool for new employees, a resource database for financial institution staff, a tool for planning CRA strategy, researching your assessment area and much more.

This tool also lists multiple resources to help bank the unbanked, a calendar of financial education classes and events, credit resources, mortgage resources, regulatory information, professional organizations and much more.

To list an event for free on the Money Smart KC website please click

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Many Financial Institution Partner With Money Smart KC

Money Smart Month of Greater Kansas City is a public awareness campaign designed to help consumers better manage their personal finances. This is achieved through the collaboration and coordinated effort of hundreds of organizations across the Kansas City Metropolitan area including businesses, financial institutions, schools, libraries, not-for-profits, government agencies and the media.

These groups come together to stress the importance of financial literacy, inform consumers about where they can get help, and provide free educational seminars, workshops and activities throughout the year. Since April is Financial Literacy Month, we have a special focus that month. Programming is offered to all ages and income levels and covers all areas of personal finance from establishing a budget to first time home buying to estate planning.

Since its inception in 2008, the initiative has grown exponentially.  The 2015 Money Smart Month campaign hosted over 1,243 events (public and private) and reached a total of 18,121 attendee’s ages 5 – 85.  Check out the Money Smart KC 2018 Playbook.

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Ask the FFIEC a question: FFIEC

The FFIEC has an online opportunity for you to ask any question on consumer compliance, reports, financial institution information, examiner education, supervisory information, CRA, and much more.

 

Ask other bankers questions:      Bankers Forum

We recommend that you ask your regulator any questions however, a banker’s forum is available at www.bankonline.com.

Alliance for Economic Inclusion

The Kansas City Alliance for Economic Inclusion (AEI) consists of 650 individuals representing 350 organizations in a broad-based coalition of financial institutions, housing professionals, community-based organizations, businesses, schools and other partners in several markets across the Kansas City metro area. AEI focuses on bringing unbanked and underserved populations into the financial mainstream with an emphasis in creating financial resiliency for low- and moderate-income families in Metropolitan Kansas City.  The AEI also works to expand affordable housing opportunities and mortgage credit for low- and moderate-income households.

Kansas City AEI seeks to expand basic retail financial service usage such as savings accounts, affordable remittance products, small-dollar loan programs, targeted financial education programs, alternative delivery channels and other asset-building programs.  To further achieve AEI goals of helping the low- and moderate-income community, Kansas City AEI is working to increase banking services for minority and immigrant communities.

Cost or Obligation

The AEI has no cost or obligation to join.  You will receive e-mail updates, invitations to AEI meetings and events and the ability to give input on multiple community initiatives that target low –and moderate-income families.

To join AEI Fill out form below:

AEI Membership

AEI Members Are Consistently Making A Positive Impact In Metropolitan Kansas City! The Kansas City AEI has received almost a thousand suggestions from AEI members and AEI meeting attendees over the past 10 years. AEI member input has led to multiple working groups, development of financial programs, products and services for LMI families and a family stabilization/financial education website . The AEI concentrates outreach to increase financial capability and economic mobility for LMI clients, students and employees and others in Metropolitan Kansas City. The AEI encourages efficient implementation, increased partnership and collaboration, and decreased duplication of services. AEI members can increase successful LMI outreach with consistent communication, collaboration, implementation and measurable results based on established and ongoing research and proven best practices.
  • Title of position with company/organization.

FDIC: Affordable Mortgage Lending Center

Mortgage lending is an important element of many community banks’ business and Community Reinvestment Act (CRA) strategies. The FDIC’s Affordable Mortgage Lending Center is designed as a resource for community banks to help them compare a variety of current affordable mortgage programs and to identify the next steps if they seek to expand or initiate affordable mortgage lending. Offering affordable mortgage loans to a wide range of customers can deepen bank customer relationships and provide an important pathway for borrowers to own their own homes and participate in the mainstream banking system.

Bank Find

FDIC BankFind allows you to locate FDIC-insured banking institutions.

BANK On (CFE National Account Standards)

The updated Bank On National Account Standards, identify critical product features for appropriate bank or credit union accounts. Core account features include low costs, no overdraft fees, robust transaction capabilities such as a debit or prepaid card, and online bill pay. Notable changes in the 2017-2018 Standards include expanded allowable bill pay functionality: standard-meeting transaction accounts must either offer internal bill pay or instead provide consumers access to at least four free money orders or bank checks per month.

Banking the Unbanked and Underbanked

Although the unbanked population decreased from 12.1% in 2013 to 5.0% in 2015, there are tens of thousands of unbanked families in the Kansas City Metropolitan Statistical Area (MSA) and hundreds of thousands of unbanked families.

The Alliance for Economic Inclusion and Money Smart KC work with over 1,000 partnering organizations to stabilize families, financially educate families, bank families and promote economic mobility with all family members.

To better understand the unbanked and underbanked populations in the Kansas City MSA, please visit https://www.economicinclusion.gov/.

What is Economic Inclusion?

Economic Inclusion Surveys & Data

Encourage a banking relationship or the benefits of banking

Visit the following Money Smart Topics for helpful information and links.

Banking People with Disabilities

Visit the following Money Smart Topics for helpful information and links.

Calendar of Financial Education Classes and Events

CDFI/CDC

Community Development Financial Institutions Fund (CDFI)

Community Development Financial Institutions (CDFIS) share a common goal of expanding economic opportunity in low- income communities by providing access to financial products and services for local residents and businesses.  Whether it’s the credit union down the street or a nearby small business loan fund, your community may be home to an organization known as a CDFI.

CDFIs can be banks, credit unions, loan funds, microloan funds, or venture capital providers. CDFIs are helping families finance their first homes, supporting community residents starting businesses, and investing in local health centers, schools, or community centers. CDFIs strive to foster economic opportunity and revitalize neighborhoods.

Community Development Corporation (CDC)

Community Development Corporations (CDCs) are nonprofit, community-based organizations focused on revitalizing the areas in which they are located, typically low-income, underserved neighborhoods that have experienced significant disinvestment. While they are most commonly celebrated for developing affordable housing, they are usually involved in a range of initiatives critical to community health such as economic development, sanitation, streetscaping, and neighborhood planning projects, and oftentimes even provide education and social services to neighborhood residents.

CDCs play a critical role in building community wealth for several key reasons:

  • They anchor capital in communities by developing residential and commercial property, ranging from affordable housing to shopping centers and even businesses.
  • At least one-third of a CDC’s board is typically composed of community residents, allowing for the possibility of direct, grass-roots participation in decision-making.
  • CDCs’ work to enhance community conditions oftentimes involves neighborhood organizing, a process critical for empowering residents and gaining political power.

Census

American Fact Finder

  • A source for updated population, housing, economic, and geographic data

Information on Metropolitan & Micropolitan Statistical Areas

The American Community Survey (ACS)

  • An ongoing survey that provides data every year — giving communities the current information they need to plan investments and services

State & County Quick Facts

  • Provides basic census data (population, median income, housing statistics, etc.) by state and county

Community Development

Entities

Community Reinvestment Act

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound operations.

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound banking operations. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulations 12 CFR parts 25, 228, 345, and 195.

The CRA requires that each insured depository institution’s record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution’s application for deposit facilities, including mergers and acquisitions. CRA examinations are conducted by the federal agencies that are responsible for supervising depository institutions: the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).

CRA OneSource

Kansas City Federal Reserve of Kansas City – Investment Connection

CRA 101 Tool Kit

CRA Investment Handbook

KCCRA Mission: To provide a non-competitive forum for Kansas City area CRA bankers/officers to discuss potential projects and program partnerships between community groups/local non-profits and banks which align with their mutual goals and positively impact the community. If you’re interested in learning more, please contact Marisa.Martinez@umb.com or Jackie.Torres@commercebank.com

Video Introduction to the Community Reinvestment Act

Federal Reserve System (FRB) –

Federal Deposit Insurance Corporation (FDIC) –

Office of the Comptroller of the Currency (OCC) –

Federal Financial Institutions Examination Council (FFIEC)

Home Mortgage Disclosure Act (HMDA)

  • Also access links to FAQ’s, the FFIEC geocoding system, information on how to file your HMDA data, census reports, public data and other reporting resources

Community Reinvestment Act (CRA)

  • Also access links to the Interagency Q&A’s, CRA ratings, exam schedules, interpretive letters, information on how to file your CRA data, and other public data and CRA related resources

Link to current Interagency Questions and Answers regarding Community Reinvestment Act (CRA).

Understanding Credit

Visit the following Money Smart Topics for helpful information and links.

Designated Disaster Area’s

FEMA– Total number of declared disasters: by State/Tribal Government and by Year.

Economic Data

Fedstats.gov

  • Provides access to statistics from more than 100 federal agencies. Perhaps most readily useful is the basic census data (population demographics, basic business demographics, etc.) that is available at the city, county and state level

American Fact Finder

  • A source for updated population, housing, economic, and geographic data

FFIEC Estimated Median Family Income

  • FFIEC and prior HUD MFI income estimates for the fiscal year that corresponds to the year for which loan application data is reported

Bureau of Labor Statistics

  • Local area unemployment estimates

Federal Bureau of Economic Analysis (BEA) Regional Facts (BEARFACTS)

  • Describes an area’s personal income, its sources and growth rates

Industry Analysis

Deposit Market Share Report

  • Provides deposit and branch data on FDIC insured institutions by MSA or by state, county, and zip code

Institution Directory 

  • Provides financial data and branch locations for FDIC insured institutions and their holding companies

Small Business Data

Bureau of Labor Statistics

  • National and regional resources for employment and business data
  • Business Employment Dynamics is a quarterly data series that help to provide a picture of the state of the labor market.

Dun & Bradstreet

  • Source of information and ratios regarding industry and small businesses (by subscription)

Bank Examinations

FFIEC link to agency examination schedules, annual asset threshold adjustments, list of distressed and undersevered nonmetropolitan middle-income geographies, examination procedures, and public evaluations

  • FDIC link to examination procedures and other resources and information on CRA
  • Federal Reserve link to the Consumer Compliance handbook
  • OCC link to examination procedures and other resources and infomration on CRA

NOTE: Public Evaluation Templates and Instructions for Completing them – can be useful for conduction self-evaluations

Examination Overview:

Smart Spending

Visit the following Money Smart Topics for helpful information and links.

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Loans

A loans can be helpful for covering expenses, making a large purchase, starting a business, or for the cost of college. Find out what loan is right for you.

HMDA

In this section of the website, you can find out more about the regulation and its interpretation.

HUD

HUD Consolidated Plans

Three-to-Five-Year Plans

  • Analyses of the local housing market, and housing needs of low-income, homeless persons, and special needs populations

HUD Economic Development Programs

Information on Department of Housing & Urban Development Economic Development programs

Other Useful HUD Links

American Housing Survey

Low-Income Housing Tax Credits

Visit the following Money Smart Topics for helpful information and links.

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Housing

Housing costs are a large part of your budget, so it’s important to research options when choosing to rent or purchase housing.

Locating Public Evaluations

FFIEC 

FDIC

FRB

OCC

Mapping

Map Your Community

Use our mapping tool to create custom maps of Tenth District communities, counties and states using key economic and demographic indicators.

Geocoding Tool 

Enter a street address to find the MSA/MD, state, country, and census tract codes. – Click on the “Census Demographic Data” button for tract income level data.

Metropolitan Statistical Areas

Map metropolitan statistical areas.
FFIEC Geocoding System

The FFIEC Geocoding/Mapping System helps financial institutions meet legal requirements to report information on mortgage, business and farm loan applications.
FFIEC Distressed and Underserved Tracts

View an up-to-date listing of Distressed and Underserved Tracts.
National Center for Education Statistics

Get information about free and reduced lunches. For additional details, read the FFIEC’s Q&As.

Metropolitan Statistical Areas (including maps): https://www.census.gov/population/metro/

 Policy Map

Easy-to-use online mapping with data on demographics, real estate, health, jobs and more in communities across the US.

Rural Mapping

USDA Agricultural Data.

Public School Review

Provides information on public schools in all 50 states and some private schools too. Data primarily describes academic performance, expenditure per student, student-teacher ratios, graduation rates, ect. It also includes percentage of students eligible for the USDA free- and reduced-priced meals program.

Distressed and Underserved Non-metro Middle-Income Areas

Distressed and Underserved Nonmetropolitan Middle-Income Geographies 

Designated Disaster Areas

  • Major Disaster Declarations administered by the Federal Emergency Management Agency (FEMA). Search for disaster areas by state and year.
    • Note: “Designated Disaster Areas” under CRA does not include counties designated to receive only FEMA Public Assistance Emergency Work Category A (Debris Removal) and/or Category B (Emergency Protective Measures).

Youth Bank Accounts

Understanding the Law –  This map is intended to provide state specific information regarding statutory requirements for the opening of bank accounts for minors.

FDIC – Youth Banking Resource Center –  Through this website, learn about proven strategies to enhance youth financial education activities with access to a savings account.

Prosperity Now – Children Savings Programs-  Information Systems Make Children’s Savings Programs Work. Here Are Three Things You Should Know About Them.

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