Church Builder Interest Offset accounts are one of two different offset accounts offered by CCFS. This product is available to church congregation members who wish to provide financial assistance for their church’s building activities. How does it work? CCFS holds the investment on behalf of the investor, with the investor always retaining ownership and control over their investment, whilst “donating”… Read more →
In January 2020, almost two and a half years ago, the Western Australia Building Extension Mutual Fund and CCFS joined forces in a national initiative to provide an expanded range of financial services to churches and investors in WA. Western Australian churches and investors have shown strong support for the initiative with debentures and loans increasing 300% in that time.… Read more →
Emmanuel commenced in 2007 with a congregation of 30 gathering at Ringwood Church of Christ. Led by Pastor David Zam, the church of Falam Chin Christians, a minority ethnic group from the North-West of Burma, has grown to over 500 regular attendees. In June 2022 the church achieved a long-held goal of purchasing a property in Kilsyth South for development… Read more →
The Australian government via AUSTRAC has increased its requirements on organisations like CCFS to identify our borrowers and accountholders. This includes all account signatories as well as the officeholders of any organisation that has accounts with CCFS. The Identification rules are designed to help detect and report suspicious activity such as money laundering and terrorist financing. Historically, CCFS has met… Read more →
