Invest in Scripture Union Ministries

You can make financial investments with Scripture Union and not only receive interest but you’ll also help fund Scripture Union and its ministries.

Working with churches, Scripture Union creates opportunities for children and young people to discover and follow Jesus, grow as leaders and influence our world. All over New Zealand and beyond, there are people whose lives have been positively influenced and shaped through experiences on our camps and relationships formed in schools. Through its youth leader training programmes Scripture Union also has a significant influence on many other youth ministries throughout New Zealand. We want to see this kind of impact continue for a long time to come and you can be part of this.

What is the Scripture Union Development Fund?

The Scripture Union Development Fund is part of Scripture Union in New Zealand Incorportated.  It has been estiablished so that Scripture Union supporters can make financal investments.

These funds are then reinvested by Scripture Union in high quality investments institutions.  At the end your chosen investment term, can you choose to withdraw or reinvest your deposit.  It is up to you.

What is the purpose of the development fund?

The Development Fund's purpose is to provide a financial return to supporters as well as generating income for Scripture Union. Scripture Union benefits from the surplus the Development Fund earns on your investment. The difference between the interest earned by the Development Fund’s investments and the amount of interest paid to you helps fund Scripture Union work in New Zealand. If you lend your money interest free, or at a rate lower than that offered, you will be helping even more!

What returns will I get?

Interest rates offered are set from time to time and are subject to change without notice. Interest is paid by the Development Fund at the rate at which you invested (less withholding tax) at 31 March and 30 September each year and on maturity. Interest earned can be either added to the principal investment; or paid by direct credit to your specified bank account. If the terms of a deposit are broken before the term specified is up, interest paid may be less than the rate agreed at the beginning of the investment.

A Statement of Investment is issued on 31 March each year.

Are there any fees?

No charges are deducted from your investment.

How do I withdraw money?

Towards the maturity date of your investment you will be sent a maturity notice. You can make a complete or partial withdrawal of your term deposit by completing the maturity notice you will receive, and returning it with the Certificate of Deposit. For call deposits, simply return your Certificate of Deposit with signed instructions.  The minimum deposit following a partial withdrawal is $1000.

What are my risks?

Deposits are not guaranteed. The principal risk to depositors is the failure of Scripture Union. In the unlikely event of the Development Fund being wound up, depositors' funds would rank equally with all other creditors.

What happens to my invested funds?

Deposits made with the Development Fund  are reinvested in a range of sound investments which are currently limited to New Zealand registered banks, Government and local authorities and quality corporates.

What sort of investment is this?

The securities offered are deposits with Scripture Union Development Fund which are a part of Scripture Union in New Zealand Incorported.

The Development Fund is not a Portfolio Investment Entity (PIE)

Minimum Deposit:

$1000 (there is no maximum)

Interest Payable:

Six monthly at the end of March and September and on maturity.

Investment Terms

1, 2, 3, 5 years; or at call.

Interest Rates

Effective 6th December 2011.
Interest rates subject to change without notice.
Deposits may also be at reduced rates of your choice or interest free.