NTRA To Change Banks For HOA Dues Collection
Posted on November 1, 2019 9:00 AM by Dave Burket
Beginning January 1, 2020, the NTRA will be using a different banking firm for the collection of our homeowner dues. The new banking entity is Alliance Association Bank with its home office in Chandler, Arizona. Their business focuses on homeowner associations and is backed by the national strength of Western Alliance Bankcorporation.
This change from BB&T to Alliance will be of financial benefit to the NTRA in that there are no service fees applied on our deposits and they will pay interest on monies in the checking account. It should be noted the NTRA currently has a long-term Certificate of Deposit (CD) with Alliance Association Bank.
The NTRA will be providing more information to our homeowners on this change prior to January 1, 2020.