Church Development Fund, Inc. ratings, reviews and complaints - Securities Investment

Complaints and Resolutions

Complaint Experience

N/A

Complaint Resolution Index (CRI)

Complaint Resolution Index (CRI) Explained The Complaint Resolution Index (CRI) is an indicator on how responsive a company is in addressing and resolving customer complaints brought to their attention by BCA. If they are considering doing business with the company, consumers can use this indicator to forecast the likelihood of having their issues addressed if a problem arises. CRI measures the company's customer satisfaction abilities through BCA’s complaint mediation process.

A variety of factors are considered when calculating CRI. This includes how quickly a company responds to complaints, the number of complaints against a company, whether the company addressed complaint allegations, and the outcome of the complaints. CRI is just a subset of the overall rating for the company. Consumers are encouraged to take into consideration the company's CRI, their overall BCA letter rating and other relevant information about the company so they can make a well-informed purchasing decision.

BCA's Summary and Analysis:

We have received no complaints against this company.

Our complaint services are free and our team of expert mediators will assist in resolving complaints with businesses.

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Complaint Closing Statistics

0 complaints against Church Development Fund, Inc. closed in last 3 years.

Complaints	Type of response
0	Making a full refund, as the consumer requested
0	Making a partial refund
0	Agreed to make an adjustment
0	Refusing to make an adjustment
0	Refuse to adjust, relying on terms of agreement
0	Unanswered

Other Information

Company Info

Since its founding in 1953, Church Development Fund has provided financing for the expansion, building and growth of churches and ministries all across the United States, thanks to thousands of individuals who have invested roughly $500 million.

Primary Contact:	Dusty Rubeck (President)
Business Started:	10/30/1953
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Licensing

We know of no licensing or registration requirement for companies engaged in this company's stated type of business.

Government Actions

BCA has no information regarding government actions at this time.

Comments and Analysis

This company provides Inc. provides financing for the expansion, building, and growth of churches and ministries in the United States. It offers construction, permanent, and flex loans for ministries and churches. The company provides various investment programs and services comprising flex and time certificates, and retirement agreements, including individual retirement accounts and other retirement tools for businesses and individuals; and 403(b) plans, loans, real estate consulting, and construction cost management services. The company was IRS approved in IRS approved in 1955. Their EIN number is 956111532 , and was last filed in September of 2005. The company is exempt from registration requirements for securities offerings, and other financial services, and are recognized as church with a Filing 990 - Not required to file (church), and a Foundation Church 170(b)(1)(A)(i) filing claiming unconditional exemption. Contributions are tax deductible.

Other Considerations

Careful evaluation of all investment offers should be done prior to signing agreements. Rather than make an immediate decision, insist that the caller confirm details of the offer and all verbal promises in writing.

Limited Partnerships are required to register unless an exemption is filed with the state. General Partnerships, however, are not required to register. Those who invest in General Partnerships may also be accountable for the financial liabilities of the entire partnership.

Offers claiming to be exempt from registration must meet specific requirements. Specifically, they must be limited to no more than 35 investors who are: immediate relatives or friends; current investors in other offers made by the company; persons referred by current investors; and to those with the expertise to make a valid decision. Generally, if an offer is sold via telephone, it is an indication it would not be qualified for exemption under current law.