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Neighborhood Associations

Neighborhood Associations: Your Trusted Financial Partner

At LifeStore Bank, we understand the unique challenges and opportunities that come with managing a neighborhood association, whether it's a Property Owners Association (POA), Homeowners Association (HOA), or another community group. As your community’s trusted financial partner, we specialize in providing tailored financial solutions that help neighborhood associations thrive.

Five Reasons Why You Should Choose LifeStore

1. Expertise in Your Community

We know Northwestern North Carolina inside and out. LifeStore employees work closely with our local communities supporting community initiatives and volunteering for local causes. Whether it is assisting with financing the property, insuring the homes, or helping plan for community improvements, we have unique insights into the needs of your association. If you're managing a small subdivision or a large association , we have the expertise to guide you through every step of your financial journey.

2. Customized Solutions for Your Financial Needs

Managing neighborhood dues, maintaining common areas, and planning for future improvements require a banking partner that understands the complexities of association management. Our range of services are designed to simplify your financial processes, offering everything from special accounts designed to help the association grow its reserve fund to an automated billing and accounting system.

3. Neighborhood Association Checking

Offered by LifeStore Bank

Neighborhood Association Checking, (a Non-Profit checking account) includes:

  • Up to 150 free debits, credits and items deposited per month
  • Interest on daily balance
  • No monthly service charge

4. Simplify Your Invoicing and Payment Collections

Your Partner in Community Success

At LifeStore Bank, we’re more than just a bank—we’re a part of the local community. Our commitment to personalized service means that you’ll always have a dedicated team ready to answer your questions and provide the financial solutions your association needs. Whether you’re looking to streamline your operations, fund a new project, or ensure your community’s long-term financial health, we’re here to help.

Streamline invoicing and dues collection for neighborhood associations. With AutoBooks, you can easily manage payments, track financials, and keep your community’s finances organized and transparent.

  • Save time invoicing
  • Save time collecting fees
  • Send timely invoices
  • Save in-person trips to the bank to make deposits
  • Make funds available sooner

5. Comprehensive Insurance Services

Offered by LifeStore Insurance

We offer access to insurance products tailored to the needs of neighborhood associations. Protect your community’s assets with coverage options that safeguard against unexpected events, giving your association peace of mind.

Products offered by LifeStore Insurance are: NOT DEPOSITS, NOT FDIC-INSURED, MAY LOSE VALUE, NOT GUARANTEED BY THE BANK OR ANY FINANCIAL INSTITUTION.

Let’s Build a Better Community Together

We know that financial decisions for neighborhood associations often require careful consideration and approval by a committee. We’re here to support you every step of the way, providing clear, detailed information that makes it easier to present your case to board members. Our goal is to help you make informed decisions that benefit your entire community.

Contact us to learn more about how LifeStore Bank can support your neighborhood association’s financial goals.

I use the mobile deposit feature and love the convenience of the mobile deposit! It saves trips to town and is easy to use.

Teresa Penegar

Imagination Ashe, Treasurer

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Ready to partner with LifeStore?

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Have a question? Visit the Autobooks Support Site.

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Awards Logo ABOUT LIFESTORE BANK Founded in 1939, LifeStore Bank is committed to creating vibrant communities by providing excellent financial services. We offer personalized banking solutions that assist our customers in achieving their goals. At LifeStore, innovation and tradition converge to help you build your legacy.
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Member FDIC Equal Housing Lender

NMLS#: 449206 | Routing Number 253171676