Patrick,

your question is entirely proper here or on the club site. Here you'll get opinion, there you may get the actual info you seek.

To me it is kind of like this...

The chip board is a neihborhood bar. The club board is a club source.

As to how it is invested, while not my area of law, I am sure there are guidelines and boundaries that must be taken into consideration. 22 Black would not be a lawful use, but as to what forms of investment are permissable, I don't know.