Community Associations Banking

CIBC understands the residential homeownership landscape, which is why we created a specialty banking group dedicated to helping board members and treasurers, property managers and residents achieve their unique financial goals.

Learn more about how we help Community Associations just like yours.
 

Board Members and Treasurers

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Managing Your Reserves

Is your bank helping you manage, safeguard and grow your reserve funds? Do you understand how to assess counterparty risk? 

Effectively managing your reserve funds can mean improving earning potential, mitigating risk and maintaining liquidity. Delivering a reserve investment solution starts with understanding your specific needs and is furthered by high-touch service and sound advice.

Our comprehensive liquidity capabilities include tailored money market accounts and laddered certificates of deposit (CD) programs to help you manage your association’s reserves.

We also take the time to understand your needs and help determine if a diversified assest management and investment2 strategy is right for you.

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Streamlining Your Operating Accounts

How are you currently collecting assessments, paying vendors and managing your cash?

CIBC has powerful Treasury Management solutions that help property managers streamline their cash flow and liquidity effectively and efficiently.

Our product suite includes dynamic collection, disbursement, deposit, liquidity, and e-banking tools delivered through our integrated Business NetBanking platform.

All of our treasury management solutions are backed by a dedicated team that delivers personal attention and gives our clients direct access to support.

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Financing Capital Improvement Projects1

Are funds readily available to you for expected and unexpected capital projects? Do you have a comprehensive plan to address the items outlined in your reserve study?

We offer a range of lending options for whatever your borrowing needs might be; from the simple to the sophisticated.

We can provide you with lines of credit to fund capital projects including strategic building maintenance, cosmetic improvements and emergency repairs and service.

Property Managers

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Renovations, Maintenance and Repairs

Are funds readily available for Community Associations to act on the advice property managers provide? Do you feel prepared for expected and unexpected capital projects?

CIBC can assess the right mix of financial solutions to help create structure around making informed decisions.

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Managing Your Collections and Payments

How are you currently collecting assessments, paying vendors and managing your cash?

We have powerful treasury management solutions designed to help property managers streamline cash flow, manage liquidity and provide detailed reporting.

Our product suite includes advanced collection (ACH, remote deposit capture and lockbox), disbursement, deposit, liquidity, and e-banking tools and our team will work you to build a customized solution delivered through our intuitive online platform, Business NetBanking.

Our solutions are compatible with most accounting platforms allowing your existing check and ACH processes to transition without interruption. All of our solutions are backed by a dedicated team that delivers personal attention and gives our clients direct access to support.

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Putting Reserve Funds to Work

Is your bank helping you educate your clients on the investment options, counterparty risk and best practices? Could your community association clients benefit from maximizing the earning potential of reserve funds they don’t immediately need?

Our liquidity solutions can provide you with customized options aligned with the community association’s short-term and long-term cash needs. We offer several deposit options including: money market accounts and laddered certificates of deposit (CD) programs to help you maintain your cash reserves.

We also take the time to understand your needs and help determine if a diversified asset management and investment2 strategy is right for you.

Residents

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One Trusted Advisor

Every financial situation merits personal attention from a thoughtful banker who can help to structure the right banking solution for you.

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Managing Your Credit1

We offer a variety of financing options from home purchasing, refinancing, and renovation. We can also help you with customized loans to assist you in borrowing for special expenses.

Our Community Associations Group can assist you with a wide range of loan products, including: traditional mortgages, Home Equity Lines of Credit, renovation loans, reverse mortgages, and our EasyPath Mortgage loans.

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Personal Accounts: Living, Saving and Investing

Whether you’re looking to keep tabs on your daily spending, save for a special purchase or working to build security for the future, we have a variety of options to help you achieve your financial goals.

CIBC works with you to customize a checking and savings plan for the short term.

We will also help to create an investment2 solution to leverage your assets in the long term.

For more information, contact:

Joe Wicklander
Managing Director
(312) 564-3836