Depositing funds into a Community Development Financial Institution (CDFI) can be a strategic way for a bank to earn credit towards meeting its Community Reinvestment Act (CRA) obligations. Founded in 2006, Locus (formerly Virginia Community Capital) is a CDFI in its third decade of partnering with mission-driven community organizations. If your institution has at least one Virginia-based branch, we may have a solution for you!
Whether your institution is actively pursuing CRA credit or simply looking to deploy capital in a way that aligns to your goals, a deposit with Locus can help you:
- Support high-impact, community-centered lending in underserved markets
- Align with community investment priorities
- Potentially receive CRA credit for your deposit activities (where applicable)
- Participate in transparent reporting and impact measurement
Locus Bank offers flexible, insured deposit options – including Certificates of Deposit (CDs) - that are tailored to fit your institution’s liquidity needs while making a tangible difference.
