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Increase your bank’s Community Reinvestment Act rating

Employee volunteerism serves as a powerful tool to bridge the gap between banking institutions and the neighborhoods they serve. Catchafire delivers a meaningful employee volunteer program that drives business results, builds community ties, and boosts your CRA rating.
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Community Reinvestment Act

CRA software tailored for you

Building a successful employee volunteer program does more than contribute to CRA scores; it creates long-term benefits for both banks and employees:

  • Focus on and build relationships with low- and moderate-income individuals
  • Spread financial wellness in your community
  • Provide financial education as a community service - close the financial education gap
  • Increase your CRA rating

Why Catchafire is the right tool for banks

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Nonprofit relationships

Banks don’t need to spend any time vetting for nonprofits. Catchafire partners with hundreds of nonprofits focused on community development and financial literacy, and volunteer opportunities are available on the platform at any given time

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Board service

Catchafire’s board recruitment tool matches bank employees to nonprofits seeking board members.

Employees can create a long-term impact for nonprofits working with LMI communities. 

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Seamless reporting

Receive all the real-time data you need on CRA activities, like volunteer hours donated, communities served, and cause areas.

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Customized to the needs of employees

Employees can search for volunteer opportunities based on their skill set and availability.

Virtual, in-person, hybrid, individual, or team volunteer opportunities are available.

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Quick onboarding

Catchafire can get your program up and running quickly so that employees can start volunteering and you can track your CRA compliance.

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Gain volunteer hours fast

Employees match in as few as three days on consultation calls. 

Frequently asked questions

How can employee volunteer programs help banking institutions meet Community Reinvestment Act requirements?

Employee volunteer programs can support banking institutions in meeting Community Reinvestment Act requirements by engaging in activities like financial education, consumer protection, and fair lending practices. Volunteers can conduct workshops, offer one-on-one financial mentoring, and help raise awareness about the Fair Housing Act, Fair Credit Reporting Act, and Truth in Lending Act. These efforts address CRA program goals, enhance CRA ratings, and demonstrate a bank's commitment to reinvestment in low- and moderate-income communities.

How does Catchafire support banks in developing employee volunteer programs to increase their CRA ratings?

Catchafire offers a comprehensive platform that helps banks implement impactful employee volunteer programs aligned with Community Reinvestment Act program goals. We connect banking professionals with meaningful volunteer opportunities focused on consumer protection, financial education, and fair lending practices. Our programs empower banks to make a tangible impact while meeting CRA requirements, improving their ratings through active community involvement.

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Increase your bank’s CRA rating

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How a successful employee volunteer program can do more than improve your CRA rating

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