The Club's membership and fiscal year runs from July 1st to June 30th. Those members who join during the year have their dues prorated by the month in which they join. The membership becomes effective upon payment of the initiation fee (if applicable) and membership dues. The initiation fee is a one-time, non-refundable fee.
Members must keep their membership active every year. Cancellation of a membership will result in forfeiting of all applicable initiation fees. Any changes to a member's account must be made in writing, including change of address.
Subsequent to the first year, dues are paid annually during the renewal period. A member is assumed to be renewing (including the Palestra Fitness Center) and will be charged renewal dues automatically if s/he utilizes the club facilities after July 1st of the new fiscal year.
Any charges to a member's house account are to be paid within thirty days following the end of the month in which those charges were incurred. Members are responsible for prompt payment of dues and house charges, including keeping the Club informed of their current home and business addresses (and second home, if applicable). Finance charges are applicable for late payment. Failure to pay due to change of address is not an adequate reason for lack of payment or adjustment for finance charges, and may result in cancellation of one's membership.
Members who lose their membership due to nonpayment of charges or dues may, upon payment of the balance due and all associated charges, apply for readmission subject to House Committee approval and payment of a reinstatement fee.
Reinstating members, including charter members, will need to pay any applicable reinstatement fee or initiation fee (if one was not paid before). To be fair to all members, no variances or requests for waivers for reinstatement fee or initiation fee will be entertained; membership rates are non-negotiable.
More details about membership responsibilities, dress code, guests, reciprocal club use, general conduct, and more, are delineated in the House Rules