We’re a neighbor, not just a bank. Our dedicated Home Owners Association team focuses on forming partnerships with HOA boards and residents like yours. See below for our full suite of products and services, which 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.
Double FDIC Coverage - Our two bank charters mean double the FDIC coverage.
Collateralized Deposits - Feature deposit insurance beyond FDIC limits
HOA Loans - For renovations, repairs, or other cash flow needs
ACH Origination - Speed up your collection process by allowing residents to pay dues electronically.
Bill Pay - Efficiently pay vendors through our online bill pay service. See additional treasury management services.
HOA Lockbox - Let us take away 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 |