April 2023

SUCCESSION PLANNING... from page 19.

the administrator of any organization, it is easy to get overwhelmed by all the new methods for communicating. Just don’t let anxiety over your inability to address all the changes we face every day prevent your association from taking at least one step toward ensuring that your community is ready

“That way the communications are all preserved regardless of whether: a board member resigns, or loses the election; the association changes management, or; a resident or member moves away.”

Talk to us about your community association needs. We can help.

Popular Association Banking exclusively serves the community association industry. We offer: 1 • Financing for building repairs and capital improvements. • Competitive fixed rates with terms up to 15 years. • Excess FDIC insurance coverage limits available with IntraFi® Network Deposits SM (formerly ICS® and CDARS®). 2

for the uncertainty the future presents. Above are just a few basis steps any board can consider helping ensure that the community is ready for some of the common changes associations experience during operations. The issues discussed above might not be relevant for your community, but something else probably is. You don’t need to address every issue that might be out there, but everyone in your com munity will benefit if you address just one. Make it a goal this year to identi fy one such issue and try implementing something to correct it. You might not get it right the first time, but you won’t ever get it right unless you try. n

Contact our Mid-Atlantic Relationship Officer today! David Shahrabani, V.P. 917.656.1156 Toll-free: 800.233.7164 DShahrabani@popular.com

www.popularassociationbanking.com

1. Subject to credit approval. 2. Network Deposits is a service mark, and IntraFi, CDARS, and ICS are registered service marks of IntraFi Network LLC. Copyright © 2022 Popular Bank. Member FDIC.

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