Credit union recognized for serving low and and moderate income areas
March 1, 2013
Jeanne DArc Credit Union of Lowell, MA is pleased to announce that it earned an overall rating of "Outstanding" from the states Division of Banks following its 2012 Community Reinvestment Act (CRA) review. The Community Reinvestment Act ensures that financial institutions are meeting the credit needs of the communities which they serve, including low and moderate income areas, consistent with safe and sound banking practices.
This is the third consecutive CRA review in which Jeanne DArc Credit Union has received an overall rating of "Outstanding."� It was also rated as "Outstanding" during its 2008 and 2004 reviews by the state Division of Banks.
"At Jeanne DArc Credit Union, we are committed to responding to the needs of community members," said Mark S. Cochran, President and Chief Executive Officer of Jeanne DArc Credit Union. "We are proud to know that our efforts to assist the community with its financial needs were again recognized by the states Division of Banks."