As you probably know, savings accounts and certificates of deposit (CDs) are paying very low rates these days. After some of Talltree South’s reserve CDs matured, the board was looking for the best rate they could find to reinvest the funds.

We found a good rate at the NASA Federal Credit Union (www.nasafcu.org). We were able to join the Credit Union as a member organization.

As members of Talltree South, you can open a share (savings), draft(checking), IRA, or other account, or apply for a mortgage, car loan, student loan, etc. Credit Unions are member-owned and typically offer better rates than commercial banks. Just go to a branch office (Falls Church is closest)or to the website and indicate Talltree South as your qualifying organization.

Or look them up on the web, at www.nasafcu.com.

 

Things You Should Know

Late Payment

Any condominium fees (assessments), special assessments, or other charges which are not received by the Managing Agent by the 10th of the month are considered late and interest and fees are automatically added to the amount due.

After two or more returned checks, the Board of Directors may require all future payments to be made by certified check or money order for the remainder of the year. A fee will be assessed for every returned check.

The Board of Directors may suspend an owner's right to use services and facilities, including pool and parking facilities, if an account is past due.

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