Chairperson of SCACED’s Board of Directors Ginny Stroud was recognized by United Bank in honor of National Volunteer Month. Check out the excerpt below and click the button to read the full tribute!
Excerpt
Meet Ginny Stroud
Can you tell me about your role at United?
I am the community development officer based in Greenville, SC. My work revolves around supporting the Bank with Community Reinvestment Act (CRA) initiatives.
What does that entail?
The Community Reinvestment Act (CRA) was enacted in 1977 to encourage financial institutions to help meet the credit needs of the communities in which they do business, including low- and moderate-income neighborhoods. I work closely with market presidents, loan officers, commercial lenders, and other folks at the Bank to identify community development loans that meet the definition of CRA. These are loans that might support affordable housing development, may aid in the development of a homeless shelter or a shelter for victims of domestic violence, or a loan that provides a line of credit for a nonprofit organization. I also manage United’s CRA investments.
Activities that support community development also qualify as CRA activities. This is where volunteering comes into play. I help teams in the Carolinas, and now Georgia, identify opportunities for volunteer work.