38 Ill. Adm. Code 185.APPENDIX C
C Examples of Community Development
Section 185.APPENDIX C Examples of Community
Development
Examples of services, programs, sponsorships, donations,
lawful investments, deposits, memberships shares, grants, other activities
which may be deemed to have the primary purpose of community development
include, but are not limited to the following:
a) Establishment
of or material support of charitable donation accounts and donor advised funds
that benefit charitable organization which help
meet the financial services needs of low-income and
moderate-income neighborhoods or individuals within the credit union's assessment
field;
b) Establishment
of or material support of foundations and other affiliated companies that
provide programs and services to meet the credit needs of low-income to
moderate-income neighborhoods;
c) Material
support of small credit unions as defined in Section 185.20 that provide
programs, products and services to meet the credit needs of low-income to
moderate-income individuals or families;
d) Offering
products and services targeted to expand access to safe and affordable banking
services;
e) Provision
or support of community development services that directly and tangibly benefit
the assessment field;
f) Offering
products and services and/or provision of investments targeted to directly and
tangibly
increase climate
resilience
in low-income to moderate-income neighborhoods;
g) Offering
products and services and or provision of investments targeted to directly and
tangibly mitigate environmental harm in low-income to moderate-income
neighborhoods;
h) Offering
products and services and/or the provision of investments targeted to directly
and tangibly mitigate the digital divide in low-income and moderate-income
neighborhoods.
i) Participating
in Invest in Illinois or other similar state or federal programs which have the
primary purpose of community development; and
j) Participating
in an activity listed on the Office of the Comptroller of the Currency's CRA
Illustrative List of Qualifying Activities found on the Office's website. The
Secretary shall post a link to the Office of the Comptroller of the Currency's
CRA Illustrative List of Qualifying Activities on the Department's website.