Welcome to the CRA Network of Wisconsin! A professional development initiative focused on building a stronger professional network for community engagement and economic development. The Community Reinvestment Act (CRA) is a landmark law enacted nearly 50 years ago to encourage banks to help meet the credit needs of their entire communities, especially for low– and moderate–income (LMI) people or communities. CRA supports projects through grants, investments, loans, and volunteer activities and encourages banks to use safe and sound business judgment. Since 1977, CRA has urged banks to commit substantially to state and local governments and community development organizations, shaping how financial institutions perform in low- and moderate-income communities.
WEDA sponsors meetings for the CRA Network members to engage our members in new ways to fund affordable housing, business development, agriculture, and the community facilities that provide supportive services to your local community.
The CRA Network will host quarterly meetings focused on the eleven new CRA opportunity areas. These meetings will allow bankers to learn key lessons and detail the CRA’s needs and challenges. Meeting will focus on cross-sector solutions and discuss CRA modernization. Together WEDA and Wisconsin’s bankers can approach community and economic development in a more modern, practical way working together. All CRA Network memberships provide full membership with these valuable benefits: