We have a dedicated Home Owners Association team focused on forming a partnership with your HOA board and residents. We hope you will think of us as a neighbor and your first choice for banking. Here is a full suite of products and services that can be tailored to the needs of your HOA.
Features
HOA Checking Accounts - Low cost checking services
HOA Premier Money Market - Maximize your interest potential with our high earning money market. See current rates and requirements.
Two bank charters so FDIC coverage amount is doubled.
Collateralized Deposits - Feature deposit insurance beyond FDIC limits.
HOA Loans - For repairs, major renovations or other cash flow needs.
ACH Origination - Speed up your collection process by allowing residents to pay annual or monthly dues electronically.
Bill Pay - Efficiently pay your vendors through our online bill pay service. Additional Treasury Management services available.
HOA Lockbox - Let us handle the stress of handling all the checks that come in for dues.
Loan Solutions for your Community
| Express Term Loan | Traditional Term Loan | Line of Credit | |
|---|---|---|---|
| Rate | Rate will be quoted | Rate will be quoted | WSJ Prime Minus .01% |
| Term | 3 years | 5 to 10 years | 12 months |
| Minimum Loan Amount | $10,000 | $100,000 | $10,000 |
| Maximum Loan Amount | No Maximum | No Maximum | No Maximum |
| Potential Uses | Capital improvements, repairs or enhancements to common areas | Larger infrastructure needs or projects that require a longer amortization period | Working capital needs, smaller purchases, vendor payments |
| Application, Origination, or Documentation Fee | None | None | None |
| Approval Time | 2-5 days | 5-7 days | 2-5 days |