---
title: Should FDIC Insurance Be Required?
description: Ellie from Maine asks if condo association funds should be held in FDIC insured accounts or moved to Fidelity. Share your thoughts and experiences.
image: https://www.condoassociation.com/hubfs/Blog-02.jpg
---

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# Should FDIC Insurance Be Required?

| [Maine](https://www.condoassociation.com/blog/topic/maine) |  

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## What do you think? Question:

*This question was submitted by Ellie from Maine*

 

Do any of your Associations stipulate that funds must be held in FDIC-insured accounts? I served as treasurer for 14 years and always kept the funds in FDIC-insured accounts. It seems prudent and consistent with the fiduciary standard of care. However, the newly elected treasurer is pushing to move all funds to Fidelity.

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## What do you think? Answers (11)

#### What are your thoughts on this topic?

***Comments and postings are not legal advice**, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other. *  
  

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### [Shouldn't HOA treasurer have a finance background?](https://www.condoassociation.com/blog/shouldnt-hoa-treasurer-have-a-finance-background)

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