Griffin Club is a non-equity club, meaning our membership does not hold any ownership interest in the club’s assets or possess governance rights. Initiation fees are non-refundable but lower than comparable equity clubs, and members are not responsible for the cost of capital improvements. While memberships are not transferable or sellable, members are free from the worry of resignation waitlists due to needing a buyer or dealing with any assessments should the club face unexpected financial difficulties. Non-equity clubs have a vested interest in member satisfaction because it is what drives the success of the business, and they cannot create the same kind of barriers that members of equity clubs often face when they wish to leave their club..