Bond Shares: FAQs

Here are facts and answers to several frequently asked questions about Raccoon Valley Swim Club bond shares.

• All new Raccoon Valley Swim Club members are required to purchase bond shares.
• Bond shares are a one-time purchase and are active as long as the membership is maintained by continuing to pay annual dues each year.
• Each bond share costs $110.
• Only one bond share is required for a Single Adult Membership. All other Membership Packages require that two bond shares be purchased.
• Bond shares are non-transferable.
• Bond shares may be redeemed when you leave Raccoon Valley; however, you must resign your membership properly and formally.
  • If a member intends to resign his/her membership with the Club, they must notify the Board in writing by April 15th of that year to be eligible to have their bond redeemed.
  • If a member does not notify the Board in writing by April 15th of their intention to resign their membership, and they do not pay annual dues, then their bond shares are forfeited (and are not eligible for redemption).
• Bond shares will not be redeemed until all eligible shares are sold. As of March 2007, all bonds that have been resigned properly up to the 2006 season have been refunded.

If you have any further questions about bond shares and the purchase/resignation process, please contact us and we'll be happy to assist you.

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