From: by way of Marty Newell <cra@ruralstrategies.org> [mailto:abullard@vdcu.org]
Sent: Wednesday, September 15, 2004 4:34 PM
To: Comments
Subject: Community Reinvestment - RIN 3064-AC50
name: Antonia Bullard
address: 18 Pearl Street
city_st: Burlington, VT
zipcode: 05401
I strongly oppose the proposed rule changes in the Community
Reinvestment Act (RIN 3064-AC50). This action will do harm to rural
communities. : Vermont Development Credit Union, a social mission
depository and CDFI, has provided $125 million in fair and affordable
financing to underserved Vermonters. This could not have happened
without investment and other support from bank partners. Under the new
regulations, the number of banks in Vermont that are subject to full CRA
would be reduced from 7 to 1, with severely negative consequences for
our underserved target population.