Account Services > Single or Joint Membership

Single and Joint Memberships

Single Membership
If you wish a single membership, one person must sign the Membership Record, giving social security number, phone number and date.

There is one vote per membership at Annual Meetings. Only the member who signed the record is allowed to vote. If that member does not attend annual meetings, a spouse is allowed to receive door prizes and is allowed to register for drawing prizes, but will not have a vote.

Capital credits, which are member shares of margins (profits), are allocated annually to each membership. They are refunded to the estates of deceased members at the time of the member's death, in the form of one check to the estate. At this time, the membership can be transferred into the name of the surviving spouse at no charge or can be terminated.

Joint Membership
If you wish a joint membership, all persons must sign the Membership Record, giving all social security numbers, phone number and date.

There is one vote per membership at Annual Meeting. Any member who signed the record is allowed to vote, to receive door prizes and to register for drawing prizes. If all who signed the record attend Annual Meeting, there will be just one ballot, one door prize and one registration for drawing prizes issued.

In case of death of one member of a joint membership, that member's name will be removed from the membership when we are notified of the death.

Capital credits, which are member shares of margins (profits), are allocated annually to each membership. If either member of a joint membership is deceased, then the capital credits due that account shall be paid to the surviving spouse.

Should there be a general retirement (refund of capital credits for a specific year or years to all members who qualified during those years), notification will be mailed to the members, as listed on the membership, to the last available address.

Partnership or corporation memberships are not considered to be natural persons and capital credits shall not be refunded except through a general retirement.

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