Emergency Capital Investment Program
Empowering community development banks to thrive in challenging times.
dispersed directly to depository institutions that are certified Community Development Financial Institutions (CDFI) or minority depository institutions (MDIs).
The Emergency Capital Investment Program
ECIP was created to help those that needed it most but, as with any program, it requires proper data collection and reporting by participating institutions. Smiley’s technology solution drives automation to the ECIP reporting process assisting our partners from a data perspective.
To date, Smiley has partnered with institutions that have accepted $2.5 billion, or 30 percent of the $6.3 billion that has been allocated to Non-Credit Unions thus far in ECIP.
The States With the Most Investment
Thus far the USDT has made over 8.38 billion dollars of investments in 170 CDFI and MDI communities across the country.
The states receiving the most ECIP investments include Mississippi ($1,655,939,000), Louisiana ($780,787,000), and North Carolina ($734,616,000).
Smiley's Experience
To date, Smiley has partnered with institutions that have accepted $2.5 billion, or 30 percent of the $6.3 billion that has been allocated to Non-Credit Unions thus far in ECIP.
On a grander scale, Smiley has worked with institutions that make up nearly 30 percent of the total amount dealt out by the USDT throughout the program.
ECIP Reporting Made Easy
Empowering community development banks to thrive in challenging times.
“Not only do we automate the quarterly and annual reporting to the US Treasury, but we also automate the daily output of the loan file, allowing the bank to see the loans before any submission to the Treasury."
Ben France, Director of Business Development
How Smiley Can Help
Streamline Your Loan Eligibility Process
Our Treasury-approved platform quickly and efficiently assesses loan qualifications, saving your institution time and resources by ending the need for manual evaluations.
Automate Your Reporting
Enjoy accurate and prompt quarterly and annual submissions, freeing you to concentrate on serving your community more effectively.
Get Instant Access to Essential Data
Our real-time reporting modules offer insights into loans and community impact, enabling quick, informed decisions to optimize ECIP benefits and proactively enhance your strategies
Ensure Data Precision
Our system guarantees flawless documentation, finding any missing or incorrect information for qualifying loans efficiently.
Effortlessly Track Progress
With our secure portal, views of raw data, dashboards, and decision-making inputs, we keep you informed.
Simplify Reporting
Our expert team offers guidance and support, making the process easy and efficient every step of the way.
Navigate Complex Data
Geo-coded Addresses
Easily manage loan-related addresses (customer and collateral) with precision.
User-friendly Interface
Simplified data input and modifications for a seamless experience.
Automated Decision-making
Let the module handle data custody and decision inputs, fully automated with our ECIP rules engine.
Secure Progress Tracking
Watch your progress across data, dashboards, and maps through our secure portal.