Wisconsin Community Reinvestment Act (CRA) | WaterStone Bank

milwaukee north side

The Community Reinvestment Act of 1977 (CRA) encourages banks to help meet the credit needs of all segments of the communities where they do business, including low- and moderate-income neighborhoods and individuals.

CRA is designed to encourage banks to help rebuild and revitalize communities in underserved segments of local economies by offering expanded services, sound lending and increased investment that benefit both banks and the communities they serve.

In accordance with CRA regulations, WaterStone Bank is required to maintain and, upon request, make available for public inspection a complete public file relating to the bank’s performance in helping to meet community credit needs.

Performance Evaluation

View WaterStone Bank's most recent CRA FDIC Performance Evaluation.

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Branch Services & Products

A list of services and products (branch services, deposit and lending products, and investment services) generally offered at WaterStone Bank branches. 

Branch Services

  • Wire Transfers
  • Foreign Currency Exchange
  • Debit Card
  • Debit Card Instant Issue
  • Money Orders
  • Cashiers Checks
  • Gift Cards
  • Reloadable Prepaid Cards
  • Night Deposit
  • Coin Counter
  • Notary Public
  • Signature Guarantee
  • Deposit & Loan Account Transactions
  • Savings Bond Redemption
  • Digital Banking
  • Digital Bill Pay
  • Digital External Transfer
  • Mobile Banking
  • Mobile Check Deposit
  • Telephone Banking
  • ATM
  • Credit Cards
  • Residential Loan Origination Services
  • Business Account Services
    • ACH Origination
    • Positive Pay
    • Merchant Check Capture
    • Business Digital Banking
    • Mobile Banking & Mobile Deposit

The above services are offered at all the branches, however the following exceptions apply.

  • The State Street drive-up only offers ATM, deposit and withdrawal services
  • Foreign Currency Exchange is offered at the following branch locations: Wauwatosa, Germantown, Waukesha, Oak Creek 27th St and Franklin
  • Residential Loan Origination Services is offered by appointment at any branch

Deposit Products

  • Checking Accounts
  • Merchant Services
  • Secure Lock Equip
  • Savings Accounts
  • Business Accounts
  • Certificate of Deposits Accounts
  • Money Market Accounts
  • Traditional Individual & Roth Retirement Accounts (IRA)
  • Health Savings Accounts (HSA)
  • People to People Pay

Lending Products

  • Residential Mortgage Lonas
  • Home Equity Lines of Credit
  • Residential Construction Interest Only Loans
  • Lot Loans
  • Business Loans
  • Commercial Real Estate Lona
  • Certificate of Deposit Loans

Investment Services

Securities and advisory services are offered through LPL Financial, a registered investment advisor and are typically offered at the following branch locations or by appointment at any branch.

21505 E Moreland Blvd
Waukesha, WI 53186

W188 N9820 Appleton Ave
Germantown, WI 53022

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Locations, Office Addresses & Geographies

A list of all WaterStone Bank branches including street addresses, hours of operation and other information. No branches opened or closed during the current year and each of the two prior calendar years.

Census Tract – 1601.02
6560 S 27th Street Oak Creek, WI 53154

Census Tract – 2033.04
1230 George Towne Dr., Pewaukee, WI 53072

Census Tract – 0912.00
7500 West State Street, Wauwatosa, WI 53213

Census Tract – 0912.00
7136 West State Street, Wauwatosa, WI 53213
Limited Service -Drive Thru

Census Tract 2041.00
1233 Corporate Center Dr., Oconomowoc, WI 53066

Census Tract – 2029.02
21505 E. Moreland Blvd., Waukesha, WI 53186

Census Tract – 1503.01
6555 S. 108th St., Franklin, WI 53132

Census Tract – 1009.00
10101 W. Greenfield Ave., West Allis, WI 53214

Census Tract – 4701.00
W188 N9820 Appleton Ave., Germantown, WI 53022

Census Tract – 2008.03
17495 W. Capitol Dr., Unit O, Brookfield, WI 53045

Census Tract – 1205.02
5000 West Loomis Road, Greenfield, WI 53220

Census Tract – 1011.00
10296 W National Ave, West Allis, WI 53227

Census Tract – 1602.02
8780 S Howell Ave, Oak Creek, WI 53154

Census Tract – 0352.00
8607 North Port Washington Road, Fox Point, WI 53217

Census Tract – 0196.00
6801 W Oklahoma Ave, Milwaukee, WI 53219

All business hours are the same at all locations.

Lobby Hours:
Mon-Fri: 9:00AM to 5:00PM
Saturday: 9:00AM to 12:00PM

Mon-Fri: 8:30AM to 5:30PM
Saturday: 8:30AM to 12:00PM

Fee Schedule

View WaterStone Bank's Business Banking fees, Retail Banking fees and Stepping Stone program fees.

CRA Disclosure Statements

View WaterStone Bank's Statement Disclosures for 2021 and 2022.

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HMDA Mortgage Disclosure Act

The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau's Website (www.consumerfinance.gov/hmda).

CRA Map & Census Tracts

View WaterStone Bank's assessment area map and census tract report.

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WaterStone Bank has not received any public comments for the current year or the prior two calendar years. WaterStone Bank may periodically update this to include Public Comments received.

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