Community development services

Community development services means the performance of volunteer services by a bank's or savings association's or its affiliate's board members or employees, performed on behalf of the bank or savings association, where those services:
(1) Support community development, as described in § 25.13; and
(2) Are related to the provision of financial services, which include credit, deposit, and other personal and business financial services, or services that reflect a board member's or an employee's expertise at the bank or savings association or affiliate, such as human resources, information technology, and legal services.

Source

12 CFR § 25.12

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Scoping language

For purposes of this part, the following definitions apply:

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