UEDC/ CRA Proposal

This is a summary of complaints by UAAD pertaining to JPMorganChase Bank


UAAD's Hurricane Recovery Victims Proposal

Community Trust Bank (CTB) / Greater North Louisiana Community Development Corporation (GNLCDC) have entered into a CRA agreement that can set an example of how CRA can benefit HRV.

Greater North Louisiana Community Development Corporation – Chairman of the Board is Herb Simmons, who also serves as Alumni Director at Grambling State University. His wife, Jan is the Executive Director of the organization. CTB provides donations of money and time to help GNLCDC succeed and do their work in the community. In addition Janice Evans, Northside Branch Manager for CTB, and Larry Emery, serve as Board Members for GNLCDC. CTB has provided the MoneySmart curriculum, an adult financial literacy program, to GNLCDC for the past four years free of charge and has provided bank personnel to aid in educating people in the program. In addition to this work, GNLCDC is now in the process of establishing a Small Business Development Center in Jonesboro. The building is already secured and two thirds of the money has been established. CTB has provided homebuyer education, home loans, grants, donations, and time to GNLCDC during the past four years to better meet the needs of low-moderate income people in our surrounding parishes. For more information see:

It is expected that the present support CTB is providing, additional support will also be made available. UAAD will approach and expect similar support from all banks in the state of Louisiana. UAAD’s goal is to have Louisiana banks contribute at least 100% of their CRA commitments toward UEDC’s Hurricane Victims Recovery.

UEDC will build coalitions of community organizations, small, medium and large banks to reach goals of raising, distributing, micro management of billions of dollars that is needed for hurricane victims’ recovery.

JPMorganChase Bank expected contribution:
In a recent telephone conversation with Mr. Mark Willis, Vice-President of Community Partnership for Chase Bank, he agreed to entertain funding the above project upon receiving a written presentation.
UAAD’s negotiations with Chase Bank’s Affinity Credit Card Department will also add additional benefits to HRV. See: http://www.chaseuedcaffinity.blogspot.com/

Arrangements of this nature between small, medium, large banks and community organizations is the platform in which CRA agreements can be established to benefit the communities each bank serves.


A CRA Proposal From UNITED EQUITY DEVELOPMENT CORP (UEDC) To All Banks The State of Louisiana for Hurricane KATRINA Recovery.

UEDC an affiliate of UNITED AFFIRMATIVE ACTION DEVELOPMENT CORP (UAAD) a 501c3 non-profit propose to create a coalition of small and large banks in the state of Louisiana in order to provide low, moderate-income individual and small businesses to include African Americans (AA) the necessary funding in order to recover from KATRINA, and its aftermath.
The suggestions of the COMMUNITY RE-INVESTMENT ACT of 1977 (CRA) is that banks commit at least 10 percent of their assets toward CRA activities. These set asides can be in the form of low interest loans, or contributions.
CRA a part of the civil rights legislation of 1977 was created due to predatory lending, red-lining and discrimination on the part of our nation’s banks.
see: http://www.uaadcorp.com/ / http://www.chaseuedcaffinity.blogspot.com/

UAAD/UEDC will organize a coalition of banks, community organizations, in order to benefit the Hurricane victims. Such a coalition will benefit the banks, low, moderate-income to include AA. / http://www.bankwhileblack.com/

Although UAAD/UEDC has in excess of 20 years involvement in CRA, we are aware that the success of accomplishing our goals we will need a commitment from our nation’s banks, FDIC, Office of the Comptroller of the Currency (OCC) and as many community organizations that will join with us in order to assist the KATRINA victims and others. Our nation’s banks have in excess of $4.2 trillion dollars in CRA commitments. If the CRA ACT has any significance or purpose, now is the time for it to be implemented. See: http://www.uedcinc.com/

UEDC would like for those receiving the above document to review and comment. We are meeting with a local bank’s CRA official here in Ruston, LA to present this proposal. We propose a 5 year commitment of 10 percent of assets to be administered by UAAD and other established community organizations. We will be negotiating for UAAD and the coalition will require a reasonable percentage in advance to administer these programs.
See: http://www.uaadcrahbuc.blogspot.com/
We anticipate your in-put and participation.

UEDC will ask small banks to contribute administration assistance in lieu of cash contributions. Such contributions will be in the form of business consultation, serving on community loan committees, teaching CRA and banking in HBUC’s etc. Larger banks will be asked to contribute at least 10 percent of their assets toward these proposed projects for the next 5 years. We believe the FDIC/OCC will consider this proposal to be practical and meet the requirements of the bank(s) obligation to meet prudent banking practices as required under the Community Re-Investment Act of 1977 (CRA).

Walter L. Ellis, CEO UAAD/UEDC 866 276-2294