HSRC Membership Dues FAQ

(Frequent Asked Questions)

Prospective and current members:

Below is a list of questions and answers regarding the obligations and guidelines with HSRC’S annual dues. This document will be amended on an as-needed basis going forward—we hope it provides a clear and concise background on some questions that usually crop of with new and existing members.

What are the annual dues?

The annual dues are $350.00, running from January 1 through December 31.

How much is the membership bond?

The membership bond is $400.00 and is a one-time event when a membership is purchased.

What is purpose of the bond?

Since the club was originally formed May 30, 1972, HSRC has used proceeds from bonds (notably the interest) to help fund normal obligations to run the club on a day-to-day basis.

Is the bond refundable?

As long as your membership is in good standing (meaning you are current with your dues) when you membership sells, you will receive your bond back (less any late fees, if applicable) when your membership sells.

Can I opt out on dues payment on a yearly basis?

No. For proper financial budgeting and management reasons, the dues are owed annually once the bond is purchased. You can sell your membership if you decide to no longer be a member.

What if I join HSRC after January 1?

The dues are prorated rolling to the first day of the next month. For example, if you join March 14^th, the first day of your membership would start April 1. You would pay for 9 months (of 12 in the calendar year). 9/12, or 75%, or $350. That amount would be $262.50 + $400 (bond), or $662.50.

What would I pay the following year?

Dues invoices are sent in February and the invoice amount would be $400 (due date of March 15^th). This consists of $350 for the annual dues + $50 workday assessment. If you complete a 3-hour workday assessment, you receive a “refund” check back for $50.

What happens if I sell my membership mid-year?

When someone buys your membership, they are responsible for the dues at the time they buy it until the end of the calendar year. You are responsible for the dues up to that point the membership is sold. For example, if someone buys your membership effective July 1 (or 50% of the calendar year), then they would pay $400 + $175 (50% of $350 annual dues). If you are current with the membership, you would get a refund of $400 + 175 (the other 50%). If you have not paid the dues for the calendar year, you will have the $175 you owed + $25 late fee taken out of the $400 bond, returning $200.

How does the HSRC selling process work?

It is on a first-in, first-out basis, based upon the date the “Request to Sell” was received by the Membership Director. Once this signed request is received, you are added to a list (assuming there are memberships to sell) and prospective buyers buy from this list.

What if I find a buyer for my membership myself?

If you want to sell your membership and find a buyer through your own efforts (not through HSRC), the “first-in, first-out” method through HSRC does not apply. Essentially, you go to the “head-of-the-line”.

If I sell my house, can I transfer my membership?

Yes. Just use the “Change of Information” form to denote the new membership owner and date of transfer. The new owner must fill out a membership form so we have family contact information.

How do I sell my membership?

If you are a current member, you must print and copy the “Request to Sell” membership form. You can access this form at the HSRC web-site, http://www.hanarry.org in the section “Membership Page”.

Where do I get more information?

Please check the HSRC by-laws. You can find them on the web-site at the top of the page for “Board Members and Officers”. There is a link for “HSRC by-laws”.