In this episode of The Uncommon Area, join us as we dive into the world of HOA banking where Craig Huntington, Senior Director at Alliance Association Bank, addresses considerations that HOA boards should make regarding their banking practices. From understanding FDIC limits to managing risks, Craig shares valuable insights for HOA board members and managers.
Key Topics Covered:
- Risks and challenges in HOA banking
- FDIC limits and protecting HOA funds
- The role of liquidity and capital ratios in bank stability
- Strategies for managing HOA accounts effectively
- The importance of working with a reliable management company
- Mitigating fraud and security risks in HOA accounts
Whether you’re a board member or a property manager, this episode offers essential advice for handling HOA finances in today’s banking landscape.
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