Cameroon Mutual Association (CAMAS USA) is a group that was founded in 2018 by individuals from Cameroon. The organization was so named because originally, its members were solely of Cameroonian origin and membership was limited to those from Cameroon. Few months ago, CAMAS USA opened its membership to all Africans and friends of Africans. Today, the association comprises of 50 members from all works of life and of different origins.
Board of Trustees
The business and affairs of CAMAS USA shall be managed under the direction of its Board of Trustees consisting initially of those individuals named in the Articles of Incorporation. In
addition to the powers expressly conferred upon them by these Bylaws, the Board of Trustees may exercise all the powers of the corporation. From time to time, the Board of Trustees may delegate to officers of CAMAS USA such powers and duties as it may see fit in addition to those specifically provided in these Bylaws. The Trustees serving as such from time to time shall be the members of CAMAS USA
Goals of the Association
Objective and Purpose
The objectives of CAMAS USA shall be adhered to strictly as contained in the charter of the corporation and shall be confined to the special pursuits and purposes therein and as directed by the Board of Trustees shall at all times be in compliance with the requirements of section 501 (c) (7) of the Internal Revenue Code and its regulations as they now exist or may hereafter be amended.
The fundamental mission of CAMAS USA will be centered on five main activities:
(1) Membership mobilization and fund raising.
(2) Financial contributions- of member savings to provide emergency or non-emergency short term loan to members.
(3) Member scheduled monthly contribution(s) that shall be distributed to scheduled members.
(4) Cultural and social activities that show cases the rich culture of the motherland for the benefit of the public. Social activities that benefit CAMASUSA members shall be referred to as “solidarity”. Solidarity shall be defined in terms of situation(s) of happiness (marriage and birth) enjoyed by member(s), and sorrow (sadness) suffered by any member(s) of group. (5) Creation of CAMASUSA Federal Credit Union/Investment group to foster and promote entrepreneurial growth of members and other groups who share CAMAS USA philosophy.