Banking on Community
Founded in spring 2017, the Memphis Area Community Reinvestment Act (CRA) Association serves as a platform for collaborative work to identify the needs of low-and-moderate-income individuals and geographies and actively promote efforts to meet those needs. The board is made up of representatives from over one dozen Memphis banks, including Financial Federal, marking the first time this many local banks have come together under one umbrella for a unified cause.
The Memphis CRA Association puts a focus on facilitating affordable housing; community services targeted to low-and-moderate-income individuals; activities that promote economic development by financing small businesses and small farms; and activities that revitalize or stabilize low-and-moderate-income geographies. Financial Federal is proud to play a leadership role in the organization, with Community Development Officer Gerre Currie serving as Secretary and CFO Susan Yount serving as Treasurer.
“At the end of the day, you want to do what is best for your financial institution, but in doing what’s best, you have to have heart for the work,” said Currie. “Community development officers have already been engrained in and challenged by this type of work. We recognize our own individual passions for and commitment in trying shift low-to-moderate-income Memphians’ situations from poverty to acceptance, and from acceptance to growth. That is the true hallmark of the banking community in this city.”
Learn more about Gerre Currie in her StyleBlueprint profile.
For more information on Memphis Area Community Reinvestment Act (CRA) Association, contact Gerre Currie (gcurrie [at] finfedmem [dot] com).