Captive fastener member and system

A fastener system adapted to be received in an opening of a work piece, said fastener system comprising:

• a fastener, said fastener having a threaded portion, a head, and a shank portion extending therebetween, the threaded portion having threads having a major diameter greater than a diameter of the shank portion;
• a fastener retention member, said fastener retention member having a body member having an axial opening therethrough, a flange protruding outwardly from the axial opening of the body member, a plurality of work piece engagement members protruding outwardly from the axial opening of the body member, and a plurality of shank engagement members protruding from the body member into the axial opening of the body member, the plurality of shank engagement members defining a diameter smaller than the major diameter of the threads of the threaded portion of said fastener;
• and
• wherein the shank portion of said fastener is received in the axial opening of said fastener retention member and is axially movable therein and trapped between a position where the head of said fastener abuts said flange and a position where the threaded portion of said fastener engages the plurality of shank engagement members.