11-21-2014, 03:58 PM
quote:It's not a loan it is a bond and that reserve is kept separate in the bond account. It's held as the last payment about $1.2 million.
Originally posted by Seeb
The bank for the 12 million loan make them keep about 1million in reserve
There is no excuse for this Association to hold so much of our money in savings or as I call it, over payment. Dale Watson use to say since it's there it should be used for equipment and manpower or give it back to us!

