Community Association Banks are THE BEST BANKS for the 21st Century. Today there are more than 351,000 community associations ten times more than 36,000 in the 1980s, according to the Foundation for Community Association Research.

My Corporate banking career went on hiatus in 1990 after I was fired as VP Treasurer of Safeguard Business Systems by Mike Milken, Drexel Burnham, the junk bond king. I quickly transitioned to the non-profit world, including Community and Educational Foundations.

Interestingly enough Corporations that borrow the most money are often the most highly valued, while “Non-Profit Organizations and Foundations” are most highly valued when they hoard cash, often to the point of compromising their mission, a story for another day.

I met Jane Bracken PCAM, Popular Association Banking, at a Community Association in-person event, as I was writing POLITICS OF PLACE | Surfside Condo Tragedy. Jane gave me two forms - Community Association Data Sheet and Community Association Premium Finance Program – Loan Form. Brilliant Marketing!

Popular Association Banking’s website has fill-ins forms making it easy to collect required information before a Community Association Board of Directors meets with a relationship officer. Zoom meetings are acceptable today, saving gas and travel time.

Community Association Bank relationship officers are busy beavers today, as COA, HOA and Cooperative Boards of Directors noodle on how to comply with Senate Bill 4D - Building Safety Act for Condominium and Cooperative Associations and Senate Bill 2D - Property Insurance signed into law by Florida Governor Ron DeSantis on May 26, 2022.

Contact one of these women to learn more about Association Banking:

Jane E. Bracken, PCAM, Popular Association Banking, JBracken@popular.com

Lisa Elkan, EBP, VP Alliance Association Banking, lelkan@allianceassociationbank.com

Jayme Gelfand, SVP, TRUIST, jayme.gelfand@truist.com

Jennifer Olson, LCAM, VP, Centennial Bank jolson@my100bank.com