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Mutual benefit corporations are formed for common gain purposes such as providing insurance for members (many insurance companies still have "mutual" in their names, though many have since adopted other corporate forms), establishing a community financial institution, managing common property, or promoting the social or economic welfare of ...
A membership organization is any organization that allows people or entities to subscribe, and often requires them to pay a membership fee or "subscription". [1] Membership organizations typically have a particular purpose, which involves connecting people together around a particular activity, geographical location, industry, activity, interest, mission, or profession. [2]
Image source: Getty Images. A lot of people join Sam's Club for the savings on groceries and everyday products. But for $50 a year, or $110 for a Plus membership that gives you cash back on ...
A service club or service organization is a voluntary nonprofit organization where members meet regularly to perform charitable works either by direct hands-on efforts or by raising money for other organizations. A service club is defined firstly by its service mission and secondly by its membership benefits, such as social occasions ...
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Joining such an organization a member gained the 'freedom' of the craft and the exclusive benefits that the organization could confer on members. Historically, benefit societies have emphasized the importance of social discipline, in conforming to the rules of the organization and society, and acting in a morally uplifting and ethical manner.