Caring is at the heart of everything we do – and this includes being involved in the development of our local communities and doing our best to help everyone in those areas with all of their banking needs.
The Community Reinvestment Act (CRA) is a federal law designed to encourage federally insured financial institutions to help meet the credit and community development needs of all income levels of their communities, including low-and moderate-income neighborhoods. Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods.
The information below, our Community Reinvestment Act (CRA) Public File, is current as of April 1st of each year. As a result, it may not reflect changes to products and services after April 1st of the current year. Please contact a bank representative for the most up to date information on bank hours, products and services.
Explanation of the CRA Public File
An explanation of the Community Reinvestment Act, the CRA Public File and its contents.
Branch and ATM Information
A list of our branch offices and ATMs, including street addresses and hours of operation.
List of Products, Services, Fees, and Alternative Delivery Methods
A list of services (loan and deposit products and fees) generally offered at our branch offices and description of material differences in the availability or cost of services at particular branches.
Opened and Closed Branches
Branch offices we have opened or closed during the current year and each of the prior two years.
Written Public Comments
Written comments received from the public for the current year, and each of the two prior calendar years, that specifically relate to the MVSB’s performance in helping to meet community credit needs, and response to the comments by MVSB.
CRA FDIC Performance Evaluation
An evaluation of our record of meeting the credit needs of our entire community, including low-and moderate-income neighborhoods, consistent with safe and sound operation MVSB as prepared by our regulator, the Federal Deposit Insurance Corporation (FDIC).
Home Mortgage Disclosure Act (HMDA) Notice & Statements
Graphic distribution of residential mortgage loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials.
Assessment Area and Geographies
A map of each assessment area showing the boundaries of the area and the geographies contained within the area.
Loan to Deposit Ratio
Bank loan to deposit ratio for this year and the previous two years.
CRA Related Questions
If you have any questions related to the Community Reinvestment Act or would like to receive a hard copy of this file, please contact crarequests@nhmutual.com.
