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FundAmerica, Inc. was a discount buying club that marketed consumer buying club memberships through multi-level marketing. The business began in 1987 in Los Angeles, California before moving its offices to Irvine, California. FundAmerica eventually became defunct following pyramid scheme allegations, bankruptcy, and a reemergence as FundAmerica 2000, Inc.

The cost of an individual FundAmerica membership was a $100.00 a year with an additional $40.00 administrative fee (first year only). With membership a member would receive a blue mid-size three ring binder with information and forms to fill out. The premise of the membership through FundAmerica were to get members to save monies through rebates and have those rebates automatically transferred to a tax-deferred annuity bearing compounding interest. FundAmerica wanted to get their members to save while spending through the membership.

Today is Earth Day 2010 and is also when Mass Save Great Appliance Exchange starts. Residents in Massachusetts will be able to get money of their new appliance when they cash in their old model. This is all part of the Cash for Appliances Program, the popular follow up to the Cash for Clunkers program.

However, you will not be able to get your saving of up to $250 from the store, you will have to wait for the state to give you that. You must claim your rebate voucher online by 10 a.m., and then you can go into a store and claim the money off your washer, refrigerator, dishwasher or other appliance.

According to wggb.com, there are only several thousand appliances that qualify for the rebate scheme. Stores will be offering their own discounts as well, such as Manny. For more details visit www.MassSave.com/GAX or call 1-877-MA-SWAP-1.

There were several service providers that offered rebates and/or discounts with a retail FundAmerica membership. Some of the providers with an individual retail membership was savings on long distance through MCI Communications with a 20% rebate, a 5% travel rebate with Ask Mr. Foster Travel Agency, a 10% rebate from the Best Products catalog, and a small rebate through the MBNA America Bank credit card purchases. Additionally, there was a preclipped coupon program where a FundAmerica member would check which items he or she wanted and then the company would send them clipped coupons through the mail. And, there was an accelerated mortgage program to save thousands of dollars on one’s home, through paying bi-weekly rather than monthly payments. Also, there was a $99.00 short notice resort condo program, where through membership, one would call one week prior and reserve an unfilled condo at a resort. The members’ rebate monies would be transferred to individual tax-deferred annuity accounts bearing compounding interest.





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