Bankers Call To Service
Protecting our nation's elderly veterans
| The Problem: | Incidents of crime and personal violation of our 40,000 Veterans living in State Veterans Nursing Homes is a constant daily occurrence and will no longer be tolerated. |
| The Mission: | Ensure that all 40,000 Veterans currently living in 160 State Veterans Nursing Homes are allowed to live out the remainder of their lives in safe, secure, enhanced quality of life environments that are free from the daily fear of crime, abuse, hostility, and deprivation of personal freedom, as provided through the Senior Crimestoppers program. |
| The Request: | The Senior Housing Crime Prevention Foundation has been asked to provide its Senior Crimestoppers program, through bank CRA support, to all 160 State Veterans Nursing Homes in America, covering all 40,000 Veteran residents. |
| The Acceptance: | The Foundation board, on behalf of the banking industry that it serves, has accepted the request and is proud to include the American Bankers Association (ABA) and the Independent Community Bankers Association (ICBA) in this initiative to ask every bank in the United States to make a sponsorship commitment to this project. |
| The Method: | Banks can use the Foundation to make, no risk, fully collateralized loans for full Community Reinvestment Act (CRA) credit, earn a respectable yield on the loan, and receive full CRA credit for the seven (7) year sponsorship period. |
| Bank Benefits: | Banks can chose their level of support and will enjoy national and local publicity and branch designation as being a part of this project, in addition to enjoying 100 to 1 leverage on each dollar loaned the Foundation for CRA purposes. In addition, banks enjoy annually renewing credit which generates higher yields than alternative CRA opportunities, a turnkey project, no loan loss reserve, no administrative burdens and the recognition and exposure to the 26.4 million Veteran population who control over $1 trillion in net worth. |
| The Residual: | Every Veteran living in a nursing home will give you a salute for ensuring that they are living in crime-free environments, and with 1 in 6 Americans being a part of the larger Veterans family, your bank will be noticed. |
| The Question: | Will your bank participate in this mission? |
More Reading:
Bankers Call to Service Newsletter (PDF)
Also read our featured press release from 10/0/09
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I commend the Foundation for working with the banking industry to protect low and moderate income seniors and Veterans living in nursing homes. Your programs are providing critical community services that they might certainly otherwise go without. The Senior Crimestoppers program assures that these seniors have a safe place to call home. The FDIC strongly supports these efforts and we show it by granting CRA credit for loans and investments the banks make in the Foundation. This is an excellent example of how CRA qualifying activities show a positive return for the community, stake holders and ultimately the institution. Your work will be increasingly relevant for many years to come. – Sheila Bair, Chairman, FDIC |
Transforming Lives
With the support of our partners, the Senior Housing Crime Prevention Foundation transforms the lives of vulnerable nursing home residents. It is hard to overstate the transformative effect a bank can have on the life of an elderly person by removing fear from their lives — fear of neglect, fear of theft, fear of needing equipment and not knowing where to turn. Click on the stories below to learn more about how Senior Crime Stoppers is transforming lives every day.
Marquez Hillard Story
Marquez’ Life changed in a second but with the help of Senior Crime Stoppers, his wish for a new wheelchair came true. More
Carolyn Denny Story
The SHCPF has helped to open the pathways of communication for Carolyn with a new laptop. More
Regulatory Letters
