Local society?

budfox427 Wrote:
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> you absolutely, 100% have to belong to a local
> society. i know some guys in west TX that dont
> have a society and have to belong to the Dallas
> chapter.
>
> when you pay your dues on the CFAI website, the
> society dues are included, so you do it all in one
> shot.
You know, this makes sense now. When I activated my CFAI membership, the charge for activating my NYSSA membership was $0.00. Being that I faxed my payment to NYSSA separately, they probably updated some info with CFAI that waived their fee portion when I activated my memberships via the CFAI e-mail to me.
Question is, do any local societies let you skate by without paying that first year?
 
What about joining a society but both sponsors not being members of that society?
 
R24X7 Wrote:
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> What about joining a society but both sponsors not
> being members of that society?
You are probably going to have to do a remote sponsorship program and get a sponsor from the society you want to join.
 
Here is the answer I got from CFAI:
Thank you for writing. All application materials are submitted to CFA Institute initially for review. Upon receipt of a completed membership application (with sponsors) we conduct a review to recommend regular or affiliate membership and submit our recommendation to the local society. It is not required that you apply or provide sponsorship separately to the local society. It is required that you apply for membership in a local society as part of the requirement for the eventual award of the CFA Charter. Please let us know if we can further assist you.
 
I will need both sponsors from the local society. Any idea how you go about doing that? How do you ask someone to be your sponsor? I don’t know any CFA who is a member of the local society (Atlanta).
 
CLT2 Wrote:
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> The way I understand it is that you can join the
> local society whenever you want. You can take L3
> of the exam but you don’t have to apply for
> membership.
>
> I don’t plan on applying for membership until I
> finish the cirriculum because I’m not paying
> membership dues without being a charterholder.
> Also, if I pass L3 next year, I will still be
> short 2 years of acceptable work experience.
Is this the consensus? Bcoz i dont want to apply for membership now and pay dues untill i get thru level 3 and get reqd exp…
 
Apparently you should not hurry with paying the local society…see old post below. Not sure if this hasn’t changed in the meantime.
http://www.analystforum.com/phorums/read.php?13,601294,page=2
Re: FEES!!! Posted by: jesternyc (IP Logged) [hide posts from this user]
Date: October 24, 2007 07:01PM
I just learned how NOT to join a local society. The CFA Institute does not advertise this, but once you pass Level 3 and submit all of the required work experience, recommendations, etc…you have two options 1) pay local society right away and get letter faster 2) wait 45 days to lapse - once that happens your application automatically gets forwarded to the CFA Institute and you join ONLY the institute (not the local society)
 
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