Durham Neighborhood CompassDurham Neighborhood Compass

Homes Near Banks or Credit Unions, 2020

COUNTY19%or48,667households
Choropleth legend 0 3.6 22.2 35.8 50.8 87.4
2014
2018
2020
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Why This is Important

Banking is a core community service, providing financial planning, savings, and management services to households. Neighborhoods without easy access to such core services are transportation dependent for primary needs, leading to higher costs of living and reliance on inadequate convenience services.

About the Data

This measurement includes both commercial bank locations and credit unions. These are identified primarily by North American Industry Classification System (NAICS) codes 52211 and 52213 and then conducting a qualitative scan of additional community businesses. Households are identified in this case as parcels with dwelling units and the 1/4 mile distance is Euclidean, or as-the-crow-flies. The rate is calculated by dividing the number of dwelling units within a 1/4 mile of banks or credit unions by the total number of dwelling units in the blockgroup. Which blockgroup a parcel belongs to is determined by where its centroid is placed.

Source: City of Durham Transportation, Tax Administration/City-County GIS

Additional Resources

Resource Learn More and Take Action
About the Community Reinvestment Act The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods, consistent with safe and sound banking operations. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulations 12 CFR parts 25, 228, 345, and 195..
Community Reinvestment Act - Community Input The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated by the appropriate Federal financial supervisory agency periodically. Members of the public may submit comments on a bank’s performance. Comments will be taken into consideration during the next CRA examination. A bank's CRA performance record is taken into account in considering an institution's application for deposit facilities.
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Data Distribution, 2020

County Average: 19%
0%20%40%60%80%

Homes Near Banks or Credit Unions

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20142015201620172018201920200%5%10%15%20%