A Sound Decision
In our continued commitment to financial security and disclosure we have introduced a range of financial initiatives designed to promote financial transparency and security for our Members. DepositTrust® is the cornerstone of these initiatives.
DepositTrust® means:
All real estate interests will be held by subsidiary LLC's owned 100% by the Club. LUSSO pledges ownership interest in these LLC's to a Trust set up to benefit our Members. Membership deposits are a secured obligation of the Club. The Trust, though initially directed by the Club on behalf of Members, may be managed and controlled by the Members themselves should they so choose. To learn more about DepositTrust®, watch the video Q&A with LUSSO Founder Steve Greer and Joan Steffend, host of Home & Garden Television.
In addition to DepositTrust®, the Club's range of financial initiatives includes the following:
Club financial statements are subject to an independent audit by Grant Thornton LLP. Financial reporting to Members semi-annually showing allocation of Member deposits. Financial reporting showing that net assets cover the Club's ability to repay Member deposits. Commitment that 85% of membership deposits are used for real estate or held in cash. When we combine DepositTrust® with our contractual commitment to financial security and disclosure, our Members have the best financial assurance package in the industry.


