Community Association Banking Insights
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Community Association Banking
Understanding FDIC Coverage for HOA Funds
FDIC insurance of up to $250,000 for HOA funds is automatic at FDIC-member banks, but there are simple ways to exceed that cap.
While dividing assets across multiple FDIC-insured banks is one way to maximize FDIC insurance coverage, this can create many complexities and simply isn't an ideal option for many HOAs.
Community Association Banking
How to Build and Manage HOA Reserve Funds
Help your association management clients grow their HOA reserve funds safely and with liquidity in mind.
FDIC protection is the gold standard in the industry. It's required in some states, and even if it's not required, it's definitely a best practice.
Community Association Banking
How to Avoid HOA Scams and Fraud
Protect your HOA from phishing, email account fraud and other scams.
Ramping up a sense of urgency is a common tactic, with fraudsters often sending such requests late in the day, just before a holiday or weekend, or when the purported sender is out of the office.
Community Association Banking
How Can a Reserve Account Help Your HOA?
When your community association needs to cover immediate expenditures, a reserve account can grow and protect your funds with maximum liquidity.
A product that will provide a steady, reliable rate of return is a must for ensuring association assets will grow to provide the maximum funds possible to maintain and enhance property values.
Community Association Banking
How to Keep Your HOA Reserve Funds FDIC-Insured
Here are some ways to keep your HOA reserves safe and secure with the aid of a single banking relationship.
If your community association has funds over $250,000 and isn’t sure where to place them, it's important to talk with your financial provider to be sure your funds are safe.
Community Association Banking
Promoting HOA Board Transparency
Every HOA board is required to provide information to homeowners. Learn how to build trust through transparency.
It's better to conduct most of your sessions with homeowners in attendance so they can feel heard.
Community Association Banking
HOA Responsibilities in a Natural Disaster
Put a plan in place to help your homeowners association community when disaster strikes.
While your HOA doesn't take the place of emergency response agencies, it can create a budget plan to facilitate response and recovery from unexpected events.
Community Association Banking
What Are the Benefits of CD Laddering for Your HOA?
Help your community association money to grow safely while keeping access to your funds.
It’s an ideal cash management concept for community associations because it provides safe earning power and regular access to funds.
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Showing 1 to 8 of 8 results
