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Bonding
How many clubs have considered purchasing or purchased bonding for their treasurer?
We do not.  We trust our Treasurer, do an annual audit, and have a Treasurer's report at each monthly meeting.  Also have bivio for members to check their account. 
Jayne Gilbert
Rainbow Investment Club of Houston (RICH)


On Saturday, September 6, 2014 11:43 AM, Jeanne Tieken <jeannetieken@gmail.com> wrote:


How many clubs have considered purchasing or purchased bonding for their treasurer? 


Our club has been around for over 30 years and never bonded the treasurer


On Sat, Sep 6, 2014 at 12:43 PM, Jeanne Tieken <jeannetieken@gmail.com> wrote:
How many clubs have considered purchasing or purchased bonding for their treasurer?

Both my clubs are BetterInvesting clubs, and both purchase
Fidelity Bond insurance through BetterInvesting. It's not
that we don't trust our Treasurers, but the insurance is not
that expensive and it brings peace of mind. One important
thing to remember about Fidelity Bond insurance - your club
MUST have performed an audit of the prior fiscal year for
the insurance to be effective. Of course, an up-to-date
audit also brings peace of mind (and may keep the IRS or
state revenue authority away). P.S. I am the Treasurer of
one of my clubs and Presiding Partner (President) of the
other.
Can Bivio consider offering bonding insurance to its member clubs?

---------- Forwarded message ----------
From: William C. Peterson <wmpeterson@cox.net>
Date: Sat, Sep 6, 2014 at 12:34 PM
Subject: [club_cafe] Re: Bonding
To: club_cafe@bivio.com


Both my clubs are BetterInvesting clubs, and both purchase
Fidelity Bond insurance through BetterInvesting. It's not
that we don't trust our Treasurers, but the insurance is not
that expensive and it brings peace of mind. One important
thing to remember about Fidelity Bond insurance - your club
MUST have performed an audit of the prior fiscal year for
the insurance to be effective. Of course, an up-to-date
audit also brings peace of mind (and may keep the IRS or
state revenue authority away). P.S. I am the Treasurer of
one of my clubs and Presiding Partner (President) of the
other.


It is insurance and we should never leave home without it. If people make their bed hard they have to sleep in it.
Go on and purchase it. Then write it off. Be smart!
Sent from my iPhone

On Sep 6, 2014, at 10:21 AM, "Marcia Meltzer" <marciainmd@gmail.com> wrote:

Our club has been around for over 30 years and never bonded the treasurer


On Sat, Sep 6, 2014 at 12:43 PM, Jeanne Tieken <jeannetieken@gmail.com> wrote:
How many clubs have considered purchasing or purchased bonding for their treasurer? 

Better Investing already offers it with club membership at additional cost.  In my opinion and that of my partners, if you have good financial controls, it offers little benefit for the cost.
 
Mike Jones
Wall$treet Wannabees


From: Jeanne Tieken <jeannetieken@gmail.com>
To: The Club Cafe <club_cafe@bivio.com>
Sent: Saturday, September 6, 2014 1:16 PM
Subject: [club_cafe] Fwd: [club_cafe] Re: Bonding

Can Bivio consider offering bonding insurance to its member clubs?



---------- Forwarded message ----------
From: William C. Peterson <wmpeterson@cox.net>
Date: Sat, Sep 6, 2014 at 12:34 PM
Subject: [club_cafe] Re: Bonding
To: club_cafe@bivio.com


Both my clubs are BetterInvesting clubs, and both purchase
Fidelity Bond insurance through BetterInvesting. It's not
that we don't trust our Treasurers, but the insurance is not
that expensive and it brings peace of mind. One important
thing to remember about Fidelity Bond insurance - your club
MUST have performed an audit of the prior fiscal year for
the insurance to be effective. Of course, an up-to-date
audit also brings peace of mind (and may keep the IRS or
state revenue authority away). P.S. I am the Treasurer of
one of my clubs and Presiding Partner (President) of the
other.