Yep it's a $500 dollar membership fee and an annual fee of $150 so your first year would cost $650 after that it's $150 a year. Now that's not to say that things won't increase as the years go by.
You also have to get 2 people to sponsor you before you can get on the waiting list and that list can take up to 6 years since new members are only taken to replace vacant slots. Members can only sponsor 2 people a year and many of those guys have a waiting list of friends who want in. Thats the best I can remember and it should be accurate but you can't hold me to it. (I don't represent the club)