Middle Age Associations:
Reserve Savings Growth Staying on Course Through Reserve Accumulation

Middle Age Associations face the same challenges as Middle Age Americans. This is the time where life is generally good—the bills are getting paid and everything is rolling along. However it is also the time where we should be saving for the future. For the association, that would mean that reserves should be growing quickly and efficiently. Yet, board members might be at a disadvantage in meeting the association’s mid-life financial demands because of the unique nature of this industry. Most unit owners don’t save well personally, let alone save well as an association. Board members are challenged to maintain expenses and assessments and still making up for the earning-time gap. They need expert financial advice to avoid a major shortfall at the time the common elements need major repair or replacement.

Working with COMMUNITY ADVANTAGE, middle age associations can develop detailed reserve cash-flow plans, formulate strategies to maximize after-tax returns on their investments, and monitor their progress. Services designed for middle age associations include:

• Financial plan review and updating
• Investment management including structured maturity dates and Max Safe Reserve
• 401(k), other defined contribution, and retirement benefit plans for employees
• Business cash management solutions, such as online banking, merchant processing and remote deposit capture
• Accounts receivable and other working capital financing, including insurance premium financing
• Equipment loans for updated information and management systems
• Loans for other association needs
• I Board Portal service for improved communication with unit owners
• Reserve Investment Services

For more information, call our Trusted Industry Experts at (847) 304-5940 or email service@communityadvantage.com.