Community Reinvestment Act
Webster believes that helping to meet the banking and credit needs of our neighbors and businesses is essential for the health of the communities we serve.
Strengthening our communities
We work closely with organizations whose programs serve low- and moderate-income residents and/or support small business development – especially those that focus on supporting women and minorities.
Our most recent Community Reinvestment Act Performance Evaluation resulted in an “Outstanding” rating. This rating, the highest possible, was given by our primary regulator, the U.S. Office of the Comptroller of the Currency.
- Technical assistance
Types of organizations we support
- Community Development Finance Institutions (CDFIs) and investors that finance affordable housing and small businesses
- Community Development Corporations (CDCs) that develop or promote affordable housing and small business development programs
- Community and economic planning organizations
- Organizations that provide credit-access training, such as mortgage and homebuyer counseling, financial literacy training and Individual Development Accounts (IDAs) to low and moderate income individuals and communities