First Associations Bank has a variety of products and services specifically designed to handle the unique needs and customer service demands of community association management companies. First Associations Bank provides banking services exclusively to the association management industry; therefore our product line is singularly focused on services beneficial to these companies and their community associations. In addition to our comprehensive folio of standard banking services, we can also develop custom services to meet your specific community associations operating requirements.

Deposit Accounts

Operating Accounts
Although the accounts are managed by the management company, all accounts are owned by the association. There is no minimum account balance required. The monthly maintenance fee (when applicable) is charged to one account only, regardless of the number of accounts held by the association.

Reserve Money Market Accounts
Earn a high rate of interest on your short term excess funds.

Reserve Certificates of Deposit
We offer very competitive rates at maturities established to meet your specific need. Our 13 Month Liquid Access CD allows 2 additional deposits and 2 penalty free withdrawals during the term of the CD.
First Associations Bank is a member of CDARS, which enables us to provide up to $50 million in FDIC insurance for CDs placed through the CDARS network of banks. Click here for additional information about CDARS.

Cash Management

Coming Soon - Positive Pay
Positive pay is a service whereby the company electronically shares its check register of all written checks with the bank. Therefore the bank will only pay checks listed in that register, with exactly the same specifications as listed in the register (amount, payee, serial number, etc.). This system dramatically reduces check fraud.

Lock Box Services
First Associations Bank partners with independent lock box providers throughout the country to provide state of the art processing.

Remote Capture
First Associations Bank provides remote capture technology to efficiently handle those payments received by management company offices. Larger communities, that receive payments onsite, can benefit from remote capture capabilities as well.

Online Banking
Download statements, access account history or view images. Our internet banking product contains the necessary security features to provide control and flexibility while allowing you to originate wire transfers, process ACH files, and transfer funds between accounts.

Click Here for online banking demonstration.

Loans to Associations

We understand the various funding needs of community associations and will structure loan terms to meet your needs. Our staff is committed to providing you a quick answer to your loan request. For additional information concerning loans, email Michael Kowalski.