I need clarification on community development services for CRA credit. If an executive officer volunteers for a community service, can that be counted for credit under the service test?
That all depends. If they are acting on behalf of the bank and they are out there representing the bank, then you could use that as a service credit. However, if they are volunteering on their own behalf (i.e. not getting paid by the bank to be out there), then the bank would not receive credit. That is just a service the EO is doing out of the kindness of their heart.
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