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 not just a bank. Here is a full suite of products and services that can be tailored to the needs of your HOA.
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|