What is the Reserve Cash Management Program?

As your management company, we pride ourselves in evolving with the ever-changing landscape of Community Association Management and ensuring we are supporting you at every stage. As you’ve likely experienced, costs to manage communities continue to rise. From insurance to daily maintenance, communities are feeling the effects of inflation. With this in mind, we created an innovative financial services program to help manage your community’s financials more effectively, including tracking CD maturities and identifying opportunities to earn more interest on reserve funds.

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With the above in mind, we are pleased to introduce our Reserve Cash Management Program offered in partnership with CommonArea Financial. The program is both a tool to monitor current CDs and money market investments and a network of over 500+ pre-screened, insured banks and credit unions that specialize in servicing Community Associations for. your future investments. As a valued client, the Reserve Cash Management Program is offered free of charge to your community with no obligation. Purchasing products and services is solely at the Board’s discretion.

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The program benefits include:
•    Opportunities to optimize interest on reserve accounts
•    Proactive monitoring of CD maturities and FDIC limits
•    Ensures compliance with financial regulatory and reserve funding regulations
•    Provides online financial analysis tools for accounting staff

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Below you will find:
•    Example of CD Maturity email alerts
•    Program information
•    Frequently asked questions

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We are confident this program will be valuable in planning for both the short-term and long-term financial well-being of your community.

 
How the Reserve Cash Management Program Works  
Through a partnership with a financial technology company, CommonArea, we are able to actively monitor our communities accounts to track CD maturities, identify underperforming accounts, manage FDIC limits and secure financing for capital projects when necessary. All from a centralized dashboard available to our accounting team to help keep you informed and provide Board centric analysis to help make your decision process easier.