Skip to main content

10.5 Funding Your Program with CRA Bank Sponsorships

How the Community Reinvestment Act enables local banks to fund your Intertwined subscription, and how to pursue a bank sponsor.

Written by Kerry Ao

If your school doesn't have a budget for Intertwined — or if you'd rather not use one — there's a third option: bank sponsorship through the Community Reinvestment Act (CRA).

What is the CRA?

The Community Reinvestment Act is a 1977 U.S. federal law requiring banks to serve all segments of their communities, including low- and moderate-income neighborhoods. Banks earn CRA credit by investing in community programs — and financial literacy education for schools is one of the most clearly aligned forms of CRA investment.

Most banks now actively look for CRA-eligible opportunities in their communities. Sponsoring a school's financial literacy program is a near-perfect match for these requirements.

How CRA Sponsorship Works with Intertwined

The structure:

  1. Your school approaches a local bank about sponsoring Intertwined access for your students.

  2. The bank funds the subscription in exchange for CRA credit and community recognition.

  3. Intertwined receives payment from the bank, just as if the school had paid directly.

  4. Your school gets full access to Intertwined's curriculum, simulations, and resources at no cost.

  5. The bank receives recognition within Intertwined's platform (optional sponsorship acknowledgment visible to teachers, students, and parents).

Everyone wins: the school gets free resources, students learn financial literacy, the bank earns CRA credit, and Intertwined gets sustained funding.

Why Banks Want to Sponsor

Banks have multiple incentives:

  • Regulatory compliance — CRA credit improves the bank's federal rating

  • Community relations — Banks want visible, positive presence in their service area

  • Future customer pipeline — Today's financially literate students are tomorrow's customers

  • Brand-building — Schools and parents notice and appreciate community investment

Most well-run banks have a designated CRA officer or community engagement officer specifically tasked with finding partnerships like this.

How to Approach a Bank

Step 1: Identify potential bank partners

Look for:

  • Banks within a 5-mile radius of your school (proximity matters for CRA)

  • Banks with visible community engagement (you've seen them sponsor local events, sports, etc.)

  • Natural relationships — does a teacher or parent already work at a local bank?

  • Both large national banks and small community banks (each has different CRA dynamics)

Step 2: Make the connection

Identify the right contact at the bank. Often it's the:

  • CRA Officer

  • Community Engagement Manager

  • Branch Manager

  • Marketing or Communications Director

If you have a personal contact at the bank, start there. Otherwise, call the local branch and ask for the CRA contact.

Step 3: Make the pitch

Your pitch should cover:

  • Who you are — Teacher, school, and what financial literacy you're currently teaching (or want to teach)

  • What Intertwined is — Brief overview of the platform

  • Why it matters — Financial literacy statistics, why this fits CRA requirements

  • What sponsorship looks like — The financial commitment, the timeline, what the bank gets in return

  • The ask — How much funding you need and over what period

Intertwined provides editable pitch templates and supporting documents that you can use with the bank — contact support to request them.

Step 4: Follow through

If the bank agrees:

  • Connect them with Intertwined to formalize the financial arrangement

  • Plan a kickoff event or photo opportunity (banks love these for marketing)

  • Commit to a year-end report showing impact (we'll help you produce this)

  • Maintain the relationship through periodic updates

Reporting Back to the Bank

A year-end report is critical for keeping the bank engaged year over year. Reports typically include:

  • Number of students reached

  • Curriculum coverage

  • Engagement and completion metrics

  • Standout student stories (with appropriate privacy considerations)

  • Photos or testimonials (with appropriate permissions)

  • A thank-you and continued partnership invitation

Intertwined provides report templates and can help you generate the underlying data. The report is usually 4–8 pages and takes 2–3 hours of teacher time once a year.

Sponsorship Acknowledgment

The Intertwined platform supports optional sponsor acknowledgment — a "Sponsored by [Bank Name]" graphic visible to teachers, students, and parents whenever they access the platform. This is entirely optional, but most bank sponsors appreciate the visibility.

The acknowledgment is configurable: full sponsor branding, simple text mention, or no acknowledgment at all.

Multi-School and Multi-Year Sponsorships

Banks can sponsor:

  • A single classroom

  • A whole school

  • Multiple schools in a district

  • Multi-year commitments

Multi-year and multi-school sponsorships are often more attractive to banks because they generate sustained CRA credit and longer-term community presence.

Getting Help With CRA Outreach

Intertwined's team has supported many schools through bank sponsorship outreach. Resources we provide:

  • Pitch templates (editable, customizable for your school)

  • CRA fact sheets you can share with banks

  • Sample sponsorship agreements

  • Annual report templates

  • Direct support through the sponsorship conversation if needed

To request CRA outreach materials, contact support and reference "CRA bank sponsorship support."

Related articles:

  • 10.2 Upgrading or Changing Your Plan

  • 10.3 Subscription FAQs

  • 12.1 Getting Help

Did this answer your question?