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Pool Membership
Equity membership:
There are two types of equity members, Active and Maintenance. Active equity members are
those that have an equity bond and have full use of the pool and all social activities.
Maintenance members are equity members that do not have use of the pool, but keep their
bond active for social activities. Equity bonds can be purchased from the pool or from a
current equity bond holder that is selling their bond. Dues "travel" with the bond.
Consequently, if a bond is purchased from an equity member that has not paid their dues,
it will be the responsibility of the current owner to bring all past dues current (including
any late fees). If you are interested in buying a bond and are unsure whether the bondholders
are current with their dues, please contact the membership chairperson or the treasurer.
Annual membership:
In addition to the equity membership, there is a possibility of an annual membership. This
type of membership is at the discretion of the board. As the name implies, it is good for
one year only and it has the same access to the pool and social activities as an active
member. After one year as an annual member an equity bond will be required to be purchased
(either from the pool or existing bondholder) to gain access to the pool.
Pricing:
The price for a bond from the pool will be determined by the board at the beginning of each
season and will be communicated in the annual President’s letter. A bond purchased from an
existing bondholder is independently negotiated between buyer and seller. The pool board
will not be responsible for negotiating bonds or buying back bonds from bondholders. To
make sure bond transfers are approved, please see the requirements under "Bond Transfers".
Dues:
Dues for active and maintenance bonds will be determined by the board at the beginning of
each season. Bondholders are required to pay dues until their bond is sold or forfeited.
Unpaid dues for one year are considered forfeited and revert back to the pool.
Bond Transfers
There are four things required for a bond transfer to be completed:
- Written confirmation from buyer and seller that a sale has taken place.
(Email notification to bonds@huntingtonpool.org is sufficient)
- $75 transfer fee made payable to Huntington Swim and Tennis Club
(mail to: PO Box 20, Naperville, IL. 60566)
- Registration form filled out. This can be found on the website under
the link for registration form and/or the link for the President’s letter
- Payment of dues (if they were not already paid with the bond).
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