Introducing the Right Financial Partnership
In every industry, it is key to introduce the right partnerships to our customers. Recently, our Association Management team chose to partner with Pacific Premier Bank.
Pacific Premier Bank is ranked in 2020 as one of America’s Best Banks by Forbes and has received a 5-Star Superior rating from BauerFinancial for the last 55 consecutive quarters. Pacific Premier is a Member FDIC bank.
Their specialists are experienced in Condominium, Townhome, Homeowner’s Associations, Community Associations and Planned Unit Development loan programs to meet the specific needs required.
While considering the best partnership for our customers, we were driven to ensure that the selection was a group that was forward-thinking, their services would integrate with our softwares and they had the capabilities for us to grow with.
In addition to meeting the aforementioned criteria and services, a primary focus was to find the banking relationship that efficiently and securely provided the following:
- Online payment channels for collecting homeowner assessments
- Integration with bill pay services to convert homeowner initiated payments to electronic transactions
- No bank service fees for the Association
- Positive Pay to protect the Association’s payables
- Bank data accessible through our management software to speed responsiveness to homeowners
- Enhanced authentication features to protect the Association’s accounts
- Integration to submit new account requests through the management software to streamline the account opening process
- Money market accounts at the most competitive rates; and one-stop investment options for reserves
- A dedicated HOA & Property Banking business unit provides banking services to thousands of HOAs with CAI designated bankers
Ease of access, reporting and most importantly the fraud and security protection tools Pacific Premier Bank tailors to meet the communities’ needs is sure to elevate the communities’ banking experience.
On Tuesday, February 25, 2020 Gaughan Institute hosted an introductory educational event for our Boards and Community Managers. We are excited to share the benefits of this partnership and the momentum this change provides our communities.
Feel free to contact us for additional information.
Pacific Premier Bank is not an affiliate, subsidiary, related party, agent or fiduciary of Gaughan Companies and does not represent or warrant the validity, accuracy, content, completeness, legality or reliability of the information contained in this webpage.
Gaughan Institute Releases 2020 Schedule
Over the years, Gaughan Association Management has not only recognized the need to ensure their staff is well educated but also the knowledge the Board of Directors and Homeowners need to receive.
The more education provided to the Board and Homeowners, the more efficiently the associations can operate.
Each member of the Board of Directors volunteers their services while taking on significant responsibilities and liabilities. Through our educational sessions, the Boards can become more confident in their decisions. Educated Homeowners also feel secure in their Boards’ leadership.
Gaughan Association Management is excited to release the following schedule of educational sessions for 2020:
Board Basics Insurance: Types of Policies, Market Trends
Presented By: Eric Skarnes, Insurance Warehouse
When: Tuesday, January 21, 2020
Location: Water’s Edge Clubhouse in Hugo
Time: 6:00 pm – 7:30 pm
HOA Lending Solutions
Presented By: George Toubekis, Pacific Premier Bank (PPBI)
When: Tuesday, February 25, 2020
Location: The Tavern Grill in Blaine
Time: 3:30 pm – 4:30 pm
Roundtable Presentations & Discussions
Reserves: Components, Updates and Statutory Requirements
Presented By: Finn Jacobsen, Smith Jadin Johnson
Landscape – Winter Kill/Pet Damage/Grub Control/Chemical Applications
Presented By: Lunseth
Irrigation – Make Every Drop Count: The New Reality of Negligent Irrigation
Presented By: Matt Kuha, Irrigation By Design
Directors and Officers Liability Insurance (D&O): Non-Monetary/Personal/Individual Protection
Presented By: Tony Ciro, American Family Insurance
When: Saturday, March 7, 2020
Location: Smith Jadin Johnson Conference Room in Bloomington
Time: 9:00 am – 11:00 am
Board Basics: Efficient Board & Annual Meetings
Presented By: Smith Jadin Johnson
When: Wednesday April 22, 2020
Location: Smith Jadin Johnson Conference Room in Bloomington
Time: 6:00 pm – 7:00 pm
Board Basics: Landscape & Snow Removal Contracts
Presented By: Birch, Inc
When: Monday, September 21, 2020
Location: Birch, Inc in Little Canada
Time: 6:00 pm – 7:30 pm
Roundtable Presentations & Discussions
Maintenance Obligations: Limited Common vs Common vs Unit – Who is Responsible?
Presented By: Nancy Polomis, Hellmuth & Johnson
Surplus Funds/Minutes and Conducting Reviews/Audits
Presented By: Michael Mullen, Michael P Mullen CPA|PLLC
Insurance: Crime/Fidelity/Employee Dishonesty
Presented By: Jake Nelson, Wise Insurance Agency
Slip & Fall Liability
Presented By: KC Ahrens, Hellmuth & Johnson
When: Saturday, November 7, 2020
Location: Hellmuth & Johnson in Edina
Time: 9:00 am – 11:00 am
Contact us today to register for one or all of the sessions.
We look forward to you joining us!
GAUGHAN INSTITUTE: First Training Session!
Gaughan Association Management launched Gaughan Institute to a full house this past Saturday! Our team has been working together for the past few months to put together a training format and content that we feel will be extremely relevant and helpful to what volunteer board members deal with on a regular basis.The first session, held at the Springbrook Nature Center in Fridley, featured speakers Gretchen Schellhas of Chestnut Cambronne, Karly Kauf and Anthony Smith of Smith Jadin Johnson and Amanda Glader of Gaughan Association Management. Topics of discussion included items such as board member roles, responsibilities and liabilities; Duty of Care; association records and minutes; enforcement of governing documents; and understanding your financial reports.
We are in the final planning stages of our next session which is scheduled for early March. As soon as we have our speakers confirmed, we will circulate the invitation and begin accepting RSVP’s. Please email us at associations@gaughancompanies.com if you are interested in receiving notifications for upcoming GAUGHAN INSTITUTE events.
Gaughan Association Management Awarded the Accredited Association Management Company Designation
Gaughan Association Management recently joined an elite group of community association management companies that have earned the Accredited Association Management Company (AAMC®) credential from Community Associations Institute (CAI). To earn the AAMC credential, a management company must have three years of experience in community association management and at least 50 percent of its managers must have earned professional designations.
Gaughan is one of six association management companies in Minnesota to receive the AAMC designation. Fewer than 250 management companies worldwide have earned the highest level of professional recognition in the community association management field.
Gaughan Association Management will be inducted during the Opening General Session of the upcoming CAI Annual Conference and Exposition in Washington, DC on May 9-12, 2018.
Gaughan Managers Attend HOA Trade Show
Gaughan Association Management managers recently attended the Community Associations Institute -Minnesota Chapter Trade Show. The event provides informative education for our managers, as well as a great opportunity to meet vendors who can assist with our clients’ needs. Thank you, CAI, for a wonderful event filled with great education and networking! We look forward to this event every year.
Homeowner Hints: Humidity at Home in Subzero Temps
When the temperature outside is less then 10 degrees, run the bathroom vents during a shower or bath, and leave it run for 10 minutes afterwards. This will keep the warm, moist air from freezing onto the inside of the vent. Also, recommended humidity levels in a home during the winter should be 35 to 40%.
