SoCal AFP | Southern California Association for Financial Professionals

Membership Policy


Eligibility for Membership

Membership in the SoCal AFP is available to individuals who meet the criteria described below:

a) Practitioners defined as follows:
Designated individuals whose primary employment activity is in the field of treasury management as that term is hereinafter defined;

The term treasury management is defined as constituting those certain banking and/or treasury related activities which are normally performed in the treasury functions and that include, but are not limited to, those activities of receipts and disbursements management, transfers, bank account management, cash concentration, bank relationship management, cash forecasting, bank account reconciliation, debt management, investment management, interest rate risk management, liability management, international trade finance, treasury systems and working capital management.

b) Non-Practitioners defined as follows:
Employees of banks, vendors, consultants, college instructors, Graduate School Business Students or individuals who:

1) work for an enterprise maintaining a business office in California; and

2) have primary business responsibility, duties, and activities directly related to the service of corporate practitioners or are actively involved in treasury management research, and

3) conducts business in Southern California or has a base of business in Southern CA
c) Charter Memberships defined as follows:

1) have 5 years of prior membership in the SoCal AFP; and

2) have served on the SoCal AFP Executive Committee for at least one year, and

3) are exempt from by-law rules 202, 203 and 204 when paying annual dues.
A balance of SoCal AFP membership of practitioner to non-practitioner shall be maintained at a ratio of 2:1. When a non-practitioner organization is represented by 5 members, any new membership application submitted by an additional employee of the same non-practitioner organization must be equaled by a membership application submitted by a practitioner. Charter memberships shall be exempt from the ratio calculation.

No more than one individual from any organization can serve on the Executive Committee simultaneously.

There is no restriction to the number of guests a member can bring to the educational luncheons.

Termination of Membership
The Membership and all rights of membership shall automatically terminate on the occurrence of any of the following:

a) The voluntary resignation of an individual member;

b) The death of an individual member;

c) A change of a member s principal place of residence outside the geographical boundaries of Southern California, as that term is commonly used and defined;

d) Where a membership is issued for a period of time, the expiration of such period of time;

e) The nonpayment of dues or of cause;

f) The termination of all memberships or any class of members upon the amendment of the Bylaws permitting the termination;
Provided, however, that termination of any membership for any cause shall not relieve the terminated member from any obligation for the payment of dues or fees then due, or for other changes incurred for services or benefits actually rendered, and SoCal AFP shall retain the right to enforce any such obligation or obtain damages for said breach.

Membership Dues
The annual dues shall be payable the first year on admission to membership and annually thereafter and are assessed to each individual. The amount of dues for new memberships acquired during the calendar year shall be pro-rated for the year based upon the number of remaining regularly scheduled meetings for that year at the standard guest rate in effect at that time, up to a maximum of the annual membership dues.
Revised 1/8/03

Membership Applications
The following application forms are downloadable as MS Word documents. Please download the appropriate form, complete it, and mail it to PO BOX 10065, Burbank, CA  91510
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