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TeachMeFinance.com - explain voluntary association account voluntary association account -- a savings account held by a nonincorporated group, such as a club, baseball team, church, civic group or charity; otherwise generally similar to a corporation account. Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.