Info Bytes 10.27.22

View All CIC Info Bytes

CIC Info Bytes are frequent, succinct updates that provide educational and engagement opportunities to help your community thrive!

>>> Subscribe to receive CIC Info Bytes updates by email <<<

The Latest

What would YOU like to know?

🧍💣🧍   UKRAINE IN CRISIS   🏠🧨🏠 

The Lost Souls of Bucha, Ukraine



Banks Are Offering 4.5% CDs—Just Not to Regular Customers

Banks Are Offering 4.5% CDs—Just Not to Regular Customers – WSJ 10/24

You're Giving Away Yield and Don't Even Know It

As of Sept. 30, 210 money funds—fully one-fourth of the total—were charging at least 0.5% in annual expenses, according to Crane. Nearly two dozen weighed in at 1% or more.

That helps explain why, with one-month Treasury bills and commercial paper yielding about 3.2% this week, the average money fund yielded just under 2.8%...

…Money funds with higher fees are likely to have lower net returns; every penny the manager takes out is one penny less for you. Those with annual expenses of at least 0.5% yield an average of 2.18%, versus 2.76% for the 100 largest money market funds….

You're Giving Away Yield and Don't Even Know It – WSJ 10/21

Learning Curve

Resource Updates

Dollar$ and $ense Page

💵   Dollar$ and $ense   💵

Dollar$ and $ense Page

❕❓❕ Members, Directors and Officers, Oh My! ❕❓❕

CIC Stacked Venn - Owners Directors Officers

Some CIC bylaws dictate Model A: 

VIEW additional examples

SUPPORT: Condo Connection is a volunteer effort that helps fill an incredible void for common interest communities and their homeowners.  WE DO ASK for your general support every few months because providing this free resource is not a free endeavor.

We believe in transparency which is why we disclose our fiscal support.  In total, Condo Connection has received about $1,800 of support throughout 2022.  If that doesn’t sound like much, that’s because it isn’t.  Thousands of people visit Condo Connection every month seeking insights and answers.  Requests come in every week to provide more free resources, but very few people are willing to spend even $10.  

YOUR SUPPORT MATTERS.  Please consider supporting us if you and/or your community have benefited from our free resources.  Your contributions enable expansion of Condo Connection's ad-free newsletter and website.  You can donate, purchase a digital download, annual subscription or a festive digital gift card for you and your friends, neighbors, colleagues and community.  You can also share this newsletter and web links and encourage folks you know to join our free listservYOU can take action to support value-added alternatives to CAI that prioritize the interests of CICs and their homeowners.

THANK YOU to all our supporters past, present and future! 

+++ Have a question that you'd like to ask directly to your peers?  Ask YOUR listserv! +++

Homeowners | Volunteer Leaders | Managers & Management Companies | Vendors

Support Ukraine

A Note About Ukraine

The people of Ukraine are undergoing tremendous displacement from their homes coupled with loss of life, tragedy and suffering.  Considering the global landscape can help us gain perspective in our daily lives.  CIC Info Bytes readers expressed their support for Ukraine last year.  Please voice your own support!