Savings Account Membership Agreement

 

ACCOUNT OVERVIEW

TVC ONE d.b.a TVC ONE Investments  is an On-line Membership Network also known in this document as “TVC ONE” who offers investment services through Membership. Accounts are designed to allow consumers that live in under-served communities to “save and support” black owned businesses and invest in the stock market by opening a TVC ONE Savings Investments.

OPENING AN TVC ONE INVESTMENT SAVINGS ACCOUNT

To open an account you must be a U.S. Resident. A valid email address is required to set up your online account. Verification of U.S. Residency and Identity may be required to withdraw funds from your cash balance investment account. Small business investors may purchase stocks available through our store under: TVC and USE stock tickers. 

COST OF MEMBERSHIP

Annual Membership for consumers $39. Only one consumer membership permitted per person per household. (Waived until 8/12/2018)

Annual Membership for small businesses $99. Only one business membership permitted per business location. (Waived until 8/12/2018)

INVESTING FEES & SCENARIOS

Fees will be associated with investing in different scenarios. For example: Joanne wants to invest in a small black owned business in her area. Unfortunately, Joanne works full-time and only has her hard earned weekends for due diligence on the business. Joanne saw a TVC ONE Investments Facebook post and purchased a consumer membership. After she purchased her membership she was place in our private TVC ONE Investments group where she posts her investment concern.

Next, a TVC ONE Investment Specialist researched the business and set up an investment opportunity. Once the opportunity was been finalized Joanne was notified that she can now invest online in the business via her TVC ONE Investment Savings Account. She places an order for shares in the company voa Our Store. Joanne receives a Certificate of Shares that she frames and posts at her desk, home office, or community organization. Joanne now has proof that she is investing in black owned businesses without making hefty unknown purchases.

Invest Breakdown (Store Cart)

$39 Consumer Membership

1000 Shares of Freedom Toilette Paper @ $2.24

Order total is: $39 (Consumer Membership) – ($2240 Freedom Shares + 30% ROI) = $2520.20

ROI Profit = $280.20 (One 1 year account mature date)

Investing scenarios are posted in our online store, sent via email invite to trading events. TVC ONE will outline any additional fees required to invest in that particular scenario. For example: From time to time we will post a IPO stock in our online store. You can purchase the stock through us but there may be a small fee associated with the purchase. Buy and Sell options are not as quick as trading as an individual using personal trading platform. Normal investment risk should be associated with our services.  It is not a requirement to invest in any mutual fund or stock portfolio to maintain membership.

CASH INVESTMENTS SCENARIOS

Cash Investments can be made at any First National Bank associated with First National Bank of Omaha and affiliate locations.

INVESTING RISK

As a TVC ONE Member you are taking advantage of investing opportunities typically made only available to  large investors. You also save on transaction costs and further diversify your portfolio. Each investor has different goals, risk levels and exit strategies. When the market is volatile, taking the time and effort to reach an agreement can take away opportunities for quick profits or reducing potential losses.

Investments in our stock exchange is labeled by the ticker symbol “TVC” (the “Black Owned Savings Fund”) are subject to investment risk, including possible loss of the principal amounts invested. These stocks are unseasoned equities lacking trading history, a track record of reporting to investors and widely available research coverage which many result in extreme price volatility. Due to a greater number of IPOs and stocks in certain segments, the Funds may also be subject to information technology and financial sector risk, small and mid-capitalization company risk, emerging markets risk.

BUSINESS AND INVESTMENT SAVINGS ACCOUNT SCOPE

As a whole we attempt to pull funds from each other and outside sources that allows us as investors to be treated as a single account holder in various exchanges, allowing us to buy more shares in stocks and similar securities. We take extreme interest in organizing 100% Black Owned Businesses in to stock holding entities. While you are a member, TVC One Investments will be your “money manager”, by contacting and transacting with black owned businesses and stock exchanges on you behalf via your TVC ONE Savings Account.

OWNERSHIP

Under this agreement no TVC ONE Member investor will own any portion of the companies that we sell shares to unless stated in writing by the product or service owner we are trading stock on.

RETURN OF INVESTMENT 

ROI is calculated at an annual rate of up to 40% ROI or 3.33% per month ROI.

COMMUNICATIONS

As an active member you agree to receive text, voice, and email alerts of your account status unless these communications preferences are opted out of via our CRM Management System.

DEPOSITING FUNDS 
DEPOSITING TIMES

Deposits received before 11 a.m. CST M-F will be posted the same day.

CHECKING BALANCE

Check Balance: Click Here 

Business Credit Account (USD)

  • USD Balance – Includes any cash deposits made to your account.
INVESTMENT FUNDS AVAILABILITY FOR USE

Please note: Withdrawals may not exceed the available funds in your account and no more than 4 withdrawals can be made per year. Withdrawals are processed within 24 hours and your money request will be completed on the 4th Business day after we receive your withdraw request.

For Security deposits and withdrawals are subject to our right to refuse deposits or  withdraw request

INVESTMENT CREDIT 

Investment Credit is available by invitation only. Payment terms are Net 10-90 and require full repayment of balance within 10-90 days from the date of service or purchase order. A $10.00 account set up and payment processing feel may be charged on each credit account.

Application & Document Requirements

  • Complete Membership & Business Credit Application
  • 2 Bank References (PayPal or Prepaid Debit can be considered)
  • 1 Business Checking Account
  • Business Plan (May Be Required)
  • Proof of Income (Child Support, Alimony, Social Security, and other income maybe considered)
  • Proof of Identity (State ID Card, Drivers License, or Student ID Card)
  • Proof of Residency (Utility Bill or Vehicle Registration)

Fee Schedule 

  • Account Set-up – $10
  • Payment Processing – $5
  • Late Payment Fee (7 Day Grace Period) – $10
  • Past Due Balance Interest 3.33% monthly

Payment Terms

  • Net 10-90
  • Payment must be received via your payment link referenced in your email or text communication.
CUSTODIAL ACCOUNTS

You may open an account in your dependents name who is under the age of 19 years. Management will offer this opportunity on a period basis. No all custodial accounts will be approved. Verification of dependents identity will be required.

BENEFICIARIES (PAYABLE UPON DEATH)

Personal Investment Savings accounts can only be opened in the name or names of a natural person(s) – not in the names of trusts. However, we do offer Payable on Death (POD) accounts. These POD accounts let you designate funds in your TVC account be payable, after your death (and after the death of the joint owner of the account), to one or more surviving individual beneficiaries.

Please note: Beneficiaries named on POD accounts must be individuals. POD accounts cannot be set up in the names of trusts. Certain state law restrictions apply to POD accounts. Please consult an attorney or a qualified estate planning professional before designating your account as a POD account.

CERTIFICATE OF SHARES

You can choose to receive your certificate of shares online via email or via paper statement in the mail by emailing info@tvcone.org.

TRANSACTION HOLD TIMES

As an investment corporation TVC ONE d.b.a TVC One Stock Investments requires a hold on all transactions to be a minimum of 30 days. You may withdraw  funds via PayPal using the request funds feature from tvcomaha@gmail.com

AGREEMENT

TVC ONE Investments and TVC ONE has the right to modify this agreement at anytime. When this agreement is modified you will be notified via email or U.S. mail within 10 days of modification.

Last Edited: 6:07 p.m. 8/12/2017