Prime Partner ProgramJennifer Rieman2024-12-04T09:36:31-05:00
Ohio’s IOLTA/IOTA program provides valuableprogram benefitsthat further CRA and other business goals of Ohio’s financial institutions. IOLTA/IOTA funds grow Ohio’s LMI and low-income communities through community economic development (CED), medical-legal partnerships, and minority/small business development projects.
Qualifying Prime Partner participants receive the following advantages by investing in the Ohio IOLTA/IOTA Program:
Positive CRA consideration
Automatic determination of interest rate comparability
Enhanced community recognition
Prime Partner Program Tiers
Platinum Prime Partner
Gold Prime Partner
Honor Roll
Pays a minimum net yield of 75% of the Federal Funds Target Rate or .75%, whichever is higher.
Pays a minimum net yield of 65% of the Federal Funds Target Rate or .65%, whichever is higher.
Pays a minimum of 10 bps above highest interest rate for comparable non-IOLTA/IOTA depositors and waives service charges.
Benefits
Automatic Determination of Interest Rate Comparability
Yearly CRA Certification Letter
Success Stories
Foundation Newsletter Subscription
Partner Newsletter Subscription
Firm & Attorney Recognition
Visibility
High
Increased
Honorary
Join other financial industry leaders who are committed to growing Ohio’s economy and furthering CRA objectives.