Products & Services
CRA Credit Program
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Click here to view a three-minute video from a California woman in a nursing home and how her California bank is helping her by providing the Senior Crimestoppers program View a complimentary webinar highlighting the programEarn Risk-Free CRA Loans and
Investment Credit |
| Want more information on this or any of our WIB Endorsed Programs? Click here to complete an online request form, or call Bill Zent, WIB vice president of member relations, at (858) 270-9404. | |
The Senior Housing Crime Prevention Foundation (SHCPF) gives banks a way to satisfy their CRA requirements, create positive public relations in their communities, and develop valuable new business relationships, while serving an often overlooked segment of our society – vulnerable senior housing residents.
Bank Benefits | What Are They Saying About Us?
Why Choose the Senior Housing Crime Prevention Foundation to earn CRA credit?
The Senior Housing Crime Prevention Foundation is a 501 (c)(3) non-profit organization, established in collaboration with the Office of the Comptroller of the Currency as a conduit for banks to earn CRA credit through CRA-qualified loans and investments.
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CRA Credit – banks make CRA-qualified community development loans and investments in the SHCPF, which enable us to provide the nationally-acclaimed Senior Crimestoppers program to senior housing facilities at no cost in each participating bank’s assessment area.
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Risk Free – all loans and investments in the SHCPF are fully collateralized by investment grade bonds selected by participating banks, so there is no credit risk or exposure to loss.
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Guaranteed Yield – participating banks earn a guaranteed yield on their Foundation loans and investments, based on the yield paid on the bond used by each bank to collateralize its loan or investment less 1.25% retained by the Foundation to support its programs.
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Marketing Support – the SHCPF provides training and tools for each bank to use in its marketing efforts. Through the annual Wish Comes True grant, the annual Time of Your Life video series, and free access to the Welcome Home Banking website, participating banks are able to remain top of mind and develop profitable banking relationships within their sponsored nursing homes.
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No administrative burden or ongoing monitoring – the SHCPF program is completely turn-key.
The focus of the SHCPF is to reduce all aspects of crime in the nation’s nursing homes and to provide ongoing, effective crime prevention programs that ensure a safe and secure environment for the residents of senior housing. In part, this is accomplished through the installation of the Senior Crimestoppers program.
Senior Crimestoppers is a coordinated set of components that work together to create a zero tolerance-to-crime platform in senior housing facilities. Components include personal lockboxes for the residents, cash rewards up to $1,000 paid anonymously for information about wrongdoing of any kind, and effective, on-going education and training for staff members and residents. Senior Crimestoppers is in operation in more than 4,000 nursing home facilities in 45 states, and has reduced all aspects of crime in participating facilities by a certified 92.75% through September 30, 2009.
For More Information Contact:
Bill Zent
(858) 270-9404
bill@wib.org