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

Annual Meeting

The Annual Meeting of Talltree South is held in October. It is very important that ALL owners attend, in person or by submitting their proxy form, so that a quorum is present. Even owners living offsite should attend or submit their proxy. If a quorum is not present, the association may be forced to reconvene, costing YOU additional money for mailings, meeting expenses, etc. In addition, this is your opportunity to make sure that your community is well managed. Tenants are also welcome, although only owners may vote.
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