National Association for Members [ NAM ]

Thousand Adventures

The company was strapped for cash in 1992, when the financial difficulties became pervasive. The 'ready cash resource' appeared, to the company (TAI), to be existing members.

Abuse

Members had paid several thousands of dollars each for their membership contracts. Those contracts specified that there would never be an additional charge for use of the campgrounds.

TAI notified members that they would be required to pay additional nightly fees, in violation of the contracts, in order to use the campgrounds. The members revolted. They formed a committee
( The Members' Committee ) to oppose this abuse.

TAI continued to sell new memberships but concealed the material fact that the company was in bankruptcy.

Frequently Asked Questions August 11, 1998