COMMUNITY COMMITMENT

/COMMUNITY COMMITMENT
COMMUNITY COMMITMENT2018-10-02T18:30:02+00:00

Community Involvement

A great community starts with community involvement and active participation in groups, associations and events.

At Geauga Savings Bank, our commitment to our communities means sharing of our time, talent and resources, as an organization and as individuals. Our staff live, work and raise their families in local communities in and around our Geauga County main office and our Beachwood branch in Cuyahoga County.

Geauga Savings Bank is actively involved through leadership in community groups, active roles in area associations and donations of time and financial support. Some examples of our involvement include:

First Time Homebuyer Program

Program Name HomeOne Loan (for 1st time homebuyers)
Areas Covered Geauga, Lake, and Cuyahoga Counties
Eligible properties 1-unit owner occupied residential homes Includes qualified condominiums (no manufactured homes)
Income limitations None
Maximum Loan Amount: $453,100.00
Minimum loan amount: None
Down Payment 3% (Can be a gift)
Seller paid closing costs Up to 3% of the purchase price
Term 30 year fixed rate
Other requirements At least 1 borrower must be a 1st time homebuyer
Homebuyer education required when all borrowers are 1st time homebuyers.

Community Reinvestment Act (CRA)

Under the Federal Community Reinvestment Act (CRA), the Federal Deposit Insurance Corporation (FDIC) evaluates our record of helping to meet the credit needs of this community consistent with safe and sound operations. The FDIC also takes this record into account when deciding on certain applications submitted by us.

Your involvement is encouraged.
You are entitled to certain information about our operations and our performance under the CRA, including, for example, information about our branches, such as their location and services provided at them; the public section of our most recent CRA Performance Evaluation, prepared by the FDIC; and comments received from the public relating to our performance in helping to meet community credit needs, as well as our responses to those comments. You may review this information today.
At least 30 days before the beginning of each quarter, the FDIC publishes a nationwide list of the banks that are scheduled for CRA examination in that quarter. This list is available from the Regional Director, FDIC, (500 West Monroe St, Suite 3500, Chicago, IL 60661). You may send written comments about our performance in helping to meet community credit needs to

CRA Officer
Geauga Savings Bank
10800 Kinsman Rd
Newbury, OH 44065

and FDIC Regional Director. You may also submit comments electronically through the FDIC’s web site at www.fdic.gov/regulations/CRA. You letter, together with any response by us, will be considered by the FDIC in evaluating our CRA performance and may be made public.
You may ask to look at any comments received by the FDIC Regional Director. You may also request from the FDIC Regional Director an announcement of our applications covered by the CRA filed with the FDIC. We are an affiliate of Maple Leaf Financial, a bank holding company. You may request from the Officer in Charge of Supervision, Federal Reserve Bank of Cleveland (1455 E. 6th St., Cleveland, OH 44114) an announcement of applications covered by the CRA filed by bank holding companies.

Geauga Savings Bank CRA Public File

Public Comments
CRA Performance Evaluation
Branch List
Open and Closed Branch List
Branch Services, service fees and hours list
Assessment Area Map
HMDA Disclosure
Loan to Deposit Ratio