WHAT IS CRA?
The Community Reinvestment Act or CRA is a United States federal law that obligates banks to meet the credit needs of low- and moderate-income (“LMI”) people and areas in each community where the bank has a branch or conducts business. Large banks (with assets over $1.221 billion) must also provide community development investments and services in the areas where they conduct business.
THREE WAYS BANKS CAN MEET THE CRA REQUIREMENT BY SUPPORTING THE FIRST TEE OF UTAH PROGRAMS
SUPPORT OUR ELEMENTARY SCHOOL PROGRAM IN TITLE 1 SCHOOLS
Title 1 schools receive additional federal funding since they serve a high number of children from low-income families. As a result of the conditions that often affect families who are poor (e.g., high mobility, unsafe communities, poor health), these children often fall behind in school and require additional resources to catch up and stay on track.
Help us support Title 1 schools by covering the costs to provide our in-school programming in these schools.
FUND A SCHOLARSHIP ACCOUNT
We never turn away deserving children. No one will be refused due to inability to pay. Much of the money raised by The First Tee of Utah through fundraising activities and sponsorships is used to support the cost of these educational sessions and provide scholarships to deserving youth from low and moderate-income homes.
GENERAL PROGRAMMING SUPPORT IN YOUR COMMUNITY
We are a statewide organization but if you would like to specifically support our programming in your banking community, just let us know. We know that The First Tee of Utah makes a big difference in the lives of the kids who participate in our programming. That’s why we are constantly expanding to reach even more deserving kids throughout the state.
But to do so, we need your support. Please let us know the community you’d like most to impact and we will direct funds specifically to bringing or building up our programming to benefit low-and moderate-income kids in your community.