Question:
CIF has been talking lately about service pairings. Can you explain what you mean?
Answer:
When churches decide to spend money on a building or land, there are typically multiple sources of funds they will draw from. They may have a line item in their budget with funds designated for this purpose. A capital campaign can start raising dollars for a purchase or project. And, a loan from CIF may be used to cover the remaining costs.
Some churches keep these funds in different places with different financial organizations. This can easily lead to an Abbott and Costello, “Who’s on first?” conversation with multiple seams and little integration of the overall effort – which leads to our solution. With CIF, financial services can be paired together as we work with churches to design the best plan for their benefit. This makes timing and coordination far more effective, reduces the chance of pitfalls and puts the church are more stable ground to reach its building goals.
Question: Where does experience come into play when churches are talking through substantial decisions about expanding or renovating their facilities? Answer: For decisions and plans on facility expansions or renovations, church leaders often gather any number of inputs and then a group or committee is formed with individuals who bring knowledge to the table. Every… Continue Reading
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Question: What do you mean when you say that CIF is relational, not retail, that you value partnerships, not just transactions? Answer: CIF offers a unique blend of financial services and ministry. We are not a church, but churches and ministries are a top priority. So, we need to think like a church, look at… Continue Reading
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Question: What are some key advantages to CIF’s organizational structure? Answer: CIF has an excellent system of accountability. Our board of directors is made up of an experienced group of business, church and nonprofit leaders. Individuals with comprehensive business knowledge, varying perspectives and life experiences all work together to support financial services on a mission… Continue Reading
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