We are delighted to announce that Baptist Financial Services (BFS) and Churches of Christ Financial Services (CCFS) have agreed in principle to join forces to serve the needs of the broader Christian community.
The final decision to merge remains subject to completion of ongoing due diligence and working through the various practical details involved.
For some time, both organisations have been working closely together including the joint funding of church projects. This proposed merger is a genuine expression of Kingdom goodwill that transcends ‘denominational’ boundaries.
Both BFS and CCFS have a common purpose of supporting local churches and ministries in each state through relevant products and services, funding and friendly personalised service. The aim remains unchanged, to serve clients to the best of our abilities and ensure resources are stewarded as effectively as they can be.
The combined legacies of BFS and CCFS is over a century of service – 73 years for CCFS and 40 years for BFS. Together, we will have combined assets of approximately
$580m with capital in excess of $50m. Our increased capital and asset base provides further comfort and assurance to those who invest with us.
This represents a further expansion of the opportunity to serve both Baptist and other churches and ensure an even brighter future for this ministry.
What this means for BFS clients
All clients will continue to enjoy their current arrangements and services. We will work gradually and carefully to integrate operational elements to ensure no client is disadvantaged. We will continue to keep you updated as this progresses.
Technology continues to play an increasingly important role in the provision of financial services. Partnering together will enable increased investment in technology to ensure we are able to provide contemporary, convenient and relevant products and services.
We are of course always happy to respond to questions and these may be forwarded to the following email address clients@bfs.org.au.
We look forward to partnering with you on this exciting initiative.