FDIC-Insured - Backed by the full faith and credit of the U.S. Government.tmb-0.png?Culture=en&sfvrsn=988bbf4f_1 "CRA")
What is the Community Reinvestment Act?
The Community Reinvestment Act (CRA) is a federal law enacted in 1977 to encourage depository institutions to meet the credit needs of the communities where they operate, including low- and moderate-income (LMI) neighborhoods.
Our Commitment
At Sturgis Bank, we are committed to meeting the credit and development needs of those in our community, including LMI neighborhoods, individuals, and small businesses. We continuously seek opportunities to increase our impact by supporting local residents, community service agencies and nonprofits, locally owned businesses, and affordable housing initiatives.
2025 Sturgis Bank Impact
- Charitable Beneficiaries: Over $236,000 in community contributions
- Volunteerism: 66 volunteers provided 2,133 hours of time for 137 organizations
- 16 Community Development Loans made to organizations offering services to low-to-moderate income individuals, economic development projects and revitalization initiatives
- 223 Small Business and Small Farm loans made
- Over $4 million invested in affordable housing and community development projects
2025 Financial Literacy and Fraud Education Efforts
- 14 schools hosted Sturgis Bank School Savings Programs
- 4 Sturgis Bank branches held school savings days
- 4 Fraud Education Events
- First-time homebuyers' videos and blogs
- Ongoing educational blogs covering financial planning, budgeting, fraud topics, business start-up and more
- Focused product offerings including Greenlight, Credit Sense, and Secure Checking for fraud protection