17 March 2020
To our valued depositors,
CHRISTIAN SAVINGS' RESPONSE AND READINESS FOR COVID-19
Thank you for your continued support and partnership with Christian Savings.
I would like to personally update you on Christian Savings' response to and readiness for the developing COVID-19 situation. Christian Savings is taking the pandemic seriously, with our main priority being the health and safety of our staff, customers and wider community.
Over the last three years, Christian Savings has upgraded our business continuity plan and capabilities. This included enhancing our computer systems to enable operations to continue to be run by staff remotely from home, in case of a situation like this.
With immediate effect our staff have cancelled all air travel and meetings at large gatherings and conferences have been postponed. While our office remains open currently, when community transmissions of COVID-19 begin, we will commence operating the office remotely and will temporarily stop any face to face customer meetings. When that scenario occurs, our friendly team will remain fully accessible for you during normal business hours to manage phone calls and email requests remotely. We have designed our systems to enable secure processing of transactions, to ensure business continuity.
We are also actively working with our borrower churches and charities during this time, to support and aid them as they serve communities across the country. If you would like to further support your local church, we have extended our charitable deposits investment offer in two ways. First, any local church that is a registered charity can now be selected by a depositor to benefit from donations from the charitable deposit and secondly, donations (in lieu of interest) will now be paid quarterly. These charitable deposits start at a minimum amount of $1,000 and may only be issued for a term of one year or more. You do not earn interest on charitable deposits. Instead, Christian Savings donates an amount equal to the interest which you would have earned on a term deposit of the same term to an eligible charity nominated by you. Please contact our team if you are interested in assisting your church or charity in this manner.
On a positive note, I am pleased to confirm that over the last six months, between 31 August 2019 to 29 February 2020, our deposits have grown from $162.8m to $174.9m. This has enabled us to further grow and support the Kingdom in New Zealand, so thank you to all our depositors for your ongoing support.
While these are difficult times globally and for our nation, this is also when our Christian values and faith can shine through. Let this be a time we love, pray and support one another at our best.
Our prayers are with you, your family and our nation. Please feel free to contact our team if you have any questions. We are here to help.