MEMBERS

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MEMBERS

While welcoming all verifiable US 501c tax exempts organizations and “qualifying” for-profit small business concerns, 501cFCU™s primary Members will be new, future, and pending 501c’s. They will come The 501c Federal Credit Union™ as 501cs who have joined one of the following newly forming national organizations:

  • National Chamber of Tax-Exempt Small Businesses (NCTSB)™, our national chamber of startups and small staffed tax exempt entities
  • Association of Tax-Exempt Startups & Entrepreneurs (ATESE)™, our closed Peer-to-Peer networking Association of/for the Founders of New, Forming & Future 501c’s
  • 501c Startup & Small Business Collective (501c Startup/SmBiz)™, the LLC™s solution impact forum where stakeholders meet, ID specific problems, provide the LLC™ with desired fix so the LLC™ can design a solution that will eliminate the problem or significantly minimize the adverse impact of it

EEF501cBizInc has a number of peer-based members organizations we call, “Empowership.” Feel free to visit the membership website at https://MembershipHQ.org/ to learn ore about these and other peer-building resources coming down the pike.

ENTITY CRITERIA FOR CREDIIT UNION MEMBERSHIP

Applicants must be Tax-exempt organizations or startups pursuing tax exempt status who are legally registered business entities of one of the following localities:

  • The District of Columbia (DC),
  • Puerto Rico (PR),
  • any of the 50 US States, or
  • a US Territory in Good Standing at the time of their Membership Application

This is a requirement of the IRS in order to pursue 501c status when the intent is to operate an exempt business concern. Our requirement includes having your headquarters office on US soil. Entities not on US soil cannot qualify as WE ARE NOT Charted for International Operations or Support, nor do we ever intend to pursue such.

These new business concerns are typically excluded from pursing small business assistance, not eligible to apply for MOST grant, loan and support program opportunities thrown at their for-profit siblings, and are not extended the same discount, financial or other business asset gratuities made available to existing tax-exempt entities. This occurs with equal measure whether originating from Federal Agencies and programs, State Government, Corporations, or even their own 501c Peers.

For our purposes, a 501c aligns with the IRS definition recognizing 501cs as an entity, organization, program, initiative, group, or operation, including those run, directed or controlled by for profit. We make no distinction in type of 501c. With the exception of State Charitable Registration (granting permission to fundraise once the entity is 2 yrs in), whether a 501c is a program, a meditation jazz club, social club fundraising, a company initiative, or a business concern with a variety of charitable endeavors, all 501cs start out and have the same Federal Tax ID, State Entity Registration, tax reporting, business banking compliance and other audit/regulatory obligations as do for-profit it must be adhere to in order to form then conduct their tax-exempt mission.

Unfortunately business operational functions are no different. A 501c’s ability to access discounted, fairly priced, or sometimes, ANY business assets, technical assistance service, grants, banking or other normal business resources is virtually non-existent, especially when in Startup Mode making the need for our efforts that much more of a necessity.

As such, Membership is open to Applicants who meet the eligibility criteria of an IRS recognized tax-exempt. Application Packages must include the State entity formation documents, with ALL packages being reviewed by our Audit Committee as part of the Membership Approval Process. No Exceptions.

TARGET 501cFCU™ MEMBERS

Because they face the significant hurdles and consistent exclusions, 501cFCU™ target Members (as defined by NCUA FOM) include the following:

  • future 501cs no further than the early idea formation (must have Tax-ID, or EEF501cBizInc will help you obtain it)
  • future 501c’s at the incubator stages,
  • future 501cs whose F1023/1024 applications are in progress, pending submission, under review by Internal Revenue Service (IRS) or
  • new/existing 501cs who have their Determination Letter In-Hand, whether already operational or not

LOCALITY MEMBERSHIPS™

Community in terms of proximity as well as self-reliance is an extraordinarily important factor. As we are a national organization and resource, including local communities is a given.

As such our Locality Memberships™ welcome:

  • Residents and Businesses local to the communities wherever our Podcasting Business Center (PBC)™ will be located; the PBC™ is our national 501c Startup-to-Small Business Market Exchange™ will be
  • Residents and Businesses local to the communities that host our PBC™ State Branch location, and other locations within the State should the need for a PBC™ Branch location arise

For our purposes, Locality may be an immediate area, a broader region that encompasses the immediate area, it can even been isolated region such as a Peninsula, island or similarly independent area. Each locality will be determined by the support needed, with preferences given to areas with existing Organizational Members or Program Awardees are also in need of financial services.

MEMBERSHIP ALLIANCES™

501cFCU™ will also extend Memberships to the following Individuals, Businesses, Group Affiliations or Localities with which there is an Alliance whether thru The Foundation™, or its parent entity The 501c Business Incubator Council™:

  • Founding Supporters: Individuals and US Businesses who make Direct Financial Contributions (DFC) to donate or present Letters of Commitments (LOC) to commit funds that will help launch this credit union and funds its financial service offerings thru various Capital Funding Initiatives (CFI)™ slated to begin launching shortly. As EEF-501c™ is fiscally sponsoring 501cFCU™, the tax deductibility of all CFI contributions will be applied to each donation within the parameters established by the IRS
  • Sponsors, Partners, & Supporters: Individuals and US Businesses who either partner, sponsor or in some way functionally and/or financially support/contribute to the 501c Business Incubator Council™, EEF-501c™ , any of its sibling foundations or any of the orgs within its growing charitable network,
  • Procurement Partners: Business entities who join the Pollination Partners Network (PPN)™. PPN™s are US Business vetted and approved for listing in 3PM™, EEF501cBizInc™s Federal Govt like procurement mechanism, and who also subscribe to CunNECT™, our master global business directory system for the purpose of doing business with EEF501cBizInc™ but more intently who register & renew annually to serve our various Exempt Stakeholder Markets. CunNECT™ is a deployment tool designed by EEF501cBizInc™ that publishes as a subscriber listings for side panel deployment to every business directory in 3PM™‘s growing network of web products. this is how our myriad Stakeholder markets find and secure the B2B services they require to operate their business and deliver their programmatic mission. 3PM™ + CunNECT™ is how we create a seamless self-pollinating environment and Startup2SmBiz B2B support pipeline that totally eliminates the need for solicitations and minimized reliance on grants to ensure business operations
  • Membership Partners: Staff and families of organizations where the LLC™, EEF-501c™, or any charitable entity within the Collaborative holds a Membership.

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EXCITING NEWS — 501cs NOW HAVE THEIR OWN DOMAIN REGISTRAR/WEB HOSTING PROVIDER, to be followed shortly by Status as a Toll-Free Registrar as well!

EEF-501c and its parent, 5001c Biz Incubator Council are extremely excited to announce that we are officially a Domain Reseller. We were also approved as a Toll-Free Number Provider but must complete our FCC Compliance training and add that technology into our NOC/Data Center operations before it can go live.

This and all other EEF501cBizInc website products shall remain live for your convenience to provide general information. They are being moved to temporary subDomains while we complete the development and pre-deployment testing of our own Hosting Infrastructure, put a Tech Engineering * Support Team in place along with support tech references and training operations.

As with everything we endeavor ALL our operations to non-English Customers, which also requires additional resources. as you navigate our websites, please keep in mind any references to our former TLLF or TCG acronym or names means that site has (a) not yet been updated/completely modified or (b) may be recreated as a (Pre-Launch/Beta Test Site (PL/BTS) in our new Domain Hosting environment rather than the temp location.

At any rate, Thank You for visiting and Thank You even more for your patience.

The Volunteer Team