CRA regulations require that an institution demonstrate it is meeting the need for credit services within its Assessment Area. An important prerequisite is a knowledge of community demographics. GeoDataVision can prepare maps and tables depicting vital demographic characteristics within your market.
These maps and tables will reveal:
- Census Tract Income Classification
- Racial demographics
- Housing demographics
- Income demographics
- Household demographics
- Census Tract boundaries
This information is not only indispensable for regulatory compliance, but for marketing purposes as well. Sophisticated market data is readily available at an affordable cost.
Contact us today to discuss your bank compliance requirements.