Ben Lowley

low to moderate income geographies or people.

What does a credit mean?

Uh, it's credit during their exams.

So, uh, banks are audited every two to three years under the, under the act, under the regulations, uh,

to make sure that they're meeting a minimum level of needs in their communities.

So when the auditors come in, which is the federal regulatory agencies, it's the FDIC, the OCC, or the Fed,

They'll look to see what the bank has done during that two to three year time frame to meet the needs of their communities.

They'll get a report of all their activities and they'll get credit from the examiners for qualified activities.

Sometimes the things that the bank does don't qualify.

That's a great question.

The act does not stipulate an exact percentage.

But banks will often look to do about 1% to 2% of their Tier 1 capital in community investments to meet their CRA requirements.

Awesome.

Okay.

So we make money by selling access to our rich data that we have gone through and curated.

It's gone through our algorithm, our proprietary algorithm that we built.

We take public data, we aggregate it, and we do a manual curation to come up with a list of all the qualified nonprofits in all the geographies throughout the United States.

Are you paying for that data somewhere?

It's all publicly accessible.

It's all publicly available data.