Membership

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Membership

To become a member of Crescent Co-operative, LLC the applicant must be of minimum age of 18 years

Requirements for Membership

To become a member of Crescent Cooperative, LLC the applicant must:

  • Be 18 years or older.
  • Fill up an application and pay a non-refundable membership fee of $100 to the Cooperative.
  • Maintain a minimum of twenty-four (24) shares at all times. A share carries a fixed value of $100.
  • Comply with the Bylaws, regulations, and policies of the Co-operative.
  • The application for membership must be approved by the Board of Directors.

Some Rights & Limitations (For details see the By-laws)

  • Each member has one vote in the General Body Meeting irrespective of the amount of funds he/she accumulates in his account provided that he/she is a member in good standing.
  • Every member shall be eligible to seek elections and hold office in the Board of Directors of the Co-operative, provided that he/she has been member in good standing for one year.
  • Every member has the right to be assigned a residence according to the policies.
  • A member may transfer his/her housing unit to a non-member if no member of the Co-operative is willing to take it, provided that the non-member is willing to become a member of the cooperative and with the approval of the Board of Directors.

Membership Requirements

The United States regulatory and securities laws prohibit companies and financial institutions from soliciting and raising funds from the public without proper registration with the proper United States authorities. In some cases, unsolicited investments from non-US residents may be accepted with proper disclosures and a non-solicitation letter from the investor. Accredited institutions and sophisticated investors who understand the risks involved and who own significant assets and derive significant income can invest directly. Federal Depository Insurance Corp. (FDIC) does NOT insure your investments and deposits. You may be exposed to losing all your investments. Please order our free prospectus. Read the prospectus carefully before you invest or send money.

Investments may go down in value and the investor may not get back the full amount initially deposited. IT IS POSSIBLE TO LOSE MONEY BY INVESTING IN THIS PROJECT. If you have any doubt as to whether this investment is suitable for you, you should seek independent, expert financial advice before participating in the plan. ALL INFORMATION AND CONTENT ON THIS WEB SITE(S) ARE SUBJECT TO APPLICABLESTATUTES AND REGULATIONS, FURNISHED “AS IS”, WITHOUT WARRANTY OF ANYKIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT.

Investments

  • Investment opportunity, sound and secure (not insured by FDIC)
  • Community member funded, community member benefited

Home Financing

  • Alternative home financing based on Islamic principles
  • Buy new homes or refinance existing homes
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