Choosing the Right Bank – do you know their Safe and Sound rating?
When you are responsible for managing the money of other people, you are entrusted with more than just the earning potential of that money. The word “management” by definition encompasses handling, direction, and control. Choosing the right institution to aid you in this undertaking is crucial. When selecting a bank to deposit your association’s funds in, research more than just their interest rates. Read the article……….
A decade ago, most condominium associations would not have considered applying for a bank loan, and a good thing –
For the vast majority of Homeowner Associations HOA in America, capital improvement needs nearly always outpace the financial resources available