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Membership Fees

The costs to join Bayside Swimming Club at this time are:

1. $2,800 Stock Transaction Price
2. $50 Stock Transfer Fee
3. $500 Annual Membership Fee
$3,350 Total
  1. When you become a member of Bayside Swimming Club, you purchase a share of stock in the club. When you no longer wish to be a member, you sell your stock back to the club so that it can be sold to a new member. The value of the stock is determined annually by the board of directors, based on the value of the club and the number of stockholders.
  2. The Stock Transfer Fee is paid by both the buyer and seller of stock.
  3. The Annual Membership Fee is paid each year by all active members and covers the annual operating costs of the facilities.

Memberships become available each spring. Those on the waiting list will be contacted by the membership chairperson when a membership or summer membership becomes available. They will then have a limited period of time in which to decide whether to accept the offer of membership before being passed over and the membership offered to the next person on the waiting list.

Membership Statements: Every January, members receive an email with a link to their membership account. At that time, they must choose to be an active member, an inactive member, or sell their stock. Those choosing to be active or inactive for the year then receive an electronic invoice for their annual membership fees. Note that membership statements are sent to the primary member contact email address. For that reason, members must ensure that the club has their most up-to-date contact information. Members can update their contact information at any time by visiting their personal membership information page. (Note that those on the waiting list can use this same link to update their contact information and check their current waiting list status at any time.)

Fees are due by the date shown on the invoice. Payments received after that date are subject to a $50 late payment fee for each month they are past due. Payments may be made by check, direct electronic bank transfer, or by credit card. An additional fee will be added for those wishing to pay by credit card to cover the transaction fees charged by the credit card processors.

Active Membership: $500 per year. Most members choose to be active members, which gives all family members full use of the facilities, as described in the Bylaws and the Standing Rules and Procedures.

Inactive Membership: $125 each year. Those who will be away for the summer or otherwise do not plan to visit the pool can choose to be inactive for the season. They remain stockholders, but have limited use of the facilities, as described in the Bylaws and the Standing Rules and Procedures. The number of inactive members is then used to determine the number of summer memberships that can be offered for the given season.

Summer Membership: $750 per season. A summer membership may be offered to those on the waiting list who have not yet been offered stock. Summer memberships are good for one swimming season. The number of summer memberships available each year will vary based on the number of inactive members.

Waiting List: $25 non-refundable fee. There is currently a 6 year wait to become a member. Those wishing to be placed on the waiting list must use an online form to create an account, add their contact information, and charge the fee to their credit card. Once added to the list, they can log in at any time to check their position on the waiting list. Click here to use our online application form to add your family to our waiting list.

Note that those already on the waiting list can visit their personal membership information page to update their contact information and check their current waiting list status at any time.


What Happens When You Near the Top of the Waiting List

When a family on the waiting list moves near the top, they will likely be offered a summer membership before being offered stock. If the family declines the offer of summer membership, there will be no further action and the family will retain their position on the waiting list. Once a family is offered full membership by purchasing a share of stock in the club, however, they may only decline that offer one time. If a family declines to purchase stock on the first offer, they will retain their position on the waiting list. If that family declines to purchase stock the second time it is offered, the family will be removed from the waiting list and will have to reapply. This removal action is done in fairness to the rest of the families on the waiting list.


Bayside Swimming Club Stock

When you become a member of Bayside Swimming Club, you purchase a share of stock in the club. Those who no longer wish to be members must sell their stock back to the club so that their share can be sold to the next person on the waiting list. Under certain circumstances, stock can be transferred directly to another party rather than sold back to the club.

The value of stock is determined annually by the board of directors, based on the value of the club and the number of stockholders.

The price of Bayside Swimming Club stock is currently $2,800.

In addition, there is a $50 stock transfer fee that is paid by both the buyer and seller of stock.

Complete details covering the sale or transfer of stock, including links to the necessary forms, are provided on the Stock Policies page.

    Website designed by David Cohn

Updated:   05/16/2017

 

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