Easy-to-use tools/resources for your community association
To better serve our clients, effective January 1, 2021, The Select Group has changed banking partners to Community Association Banking, a division of CIT Bank.
With Community Association Banking, clients are afforded the same secure convenient options in paying their assessments and are provided the additional option of mobile pay.
ACH (direct debit)
The preferred method of payment by auditors is the ACH direct debit system. This method draws your monthly assessment directly from your checking account on or about the 5th day of each month and downloads it directly into your Association’s designated account. This results in improved internal controls, less opportunity for error and more timely processing of your payment. This “set it and forget it” method of payment will help to eliminate forgetting to pay your assessment which could result in late fees. Finally, there is nothing for you to do if your assessment changes as the change at the end of the budget year is done automatically. To sign up for automatic bill pay, please locate your community here and download the ACH form. If no form is provided, please contact us and we will get in touch with you!
Please Note: If you were already signed up for ACH through The Select Group prior to this bank change, no further action is needed at this time.
Through your Bank's Bill Pay
Make sure to update the new lockbox mailing address in your bill pay banking account. The new address is:
<Name of your Association>
P.O. Box 98165
Phoenix, AZ 85038-0165
For those who do not wish to pay their assessment through ACH or electronically, you may still submit your payment by check or money order.
At the beginning of each budget year, you will be sent a coupon payment booklet to assist in making your monthly or quarterly assessment payment. The payment address, which is also listed above, is provided in the coupon booklet. Your check or money order needs to be made payable to your association and sent to the payment address.
The Select Group continues to provide the latest tools and practices to the community Association industry and affiliated professionals.