ADIG Armidale Diocesan Investment Group - Armidale

About

ADIG began operations in 1974 in response to a growing need from parishes and schools in the Diocese of Armidale for finance on more suitable terms than could be obtained commercially. ADIG commenced borrowing funds from the community in order to provide these loan funds. ADIG is a registered charity with the Australian Charities and not-for-profits commission (ACNC). ADIG does not hold an Australian Financial Services Licence. ADIG has entered into an intermediary authorisation with CDF AFSL NSW Ltd ACN 617 161 805, AFSL No. 497040 to issue and deal in debentures. ADIG is one of several agencies which exist to support the religious, charitable and educational services of the Diocese of Armidale. Examples of other agencies in the Diocese are Centacare and Catholic Schools Office. As well as providing loans to schools and parishes, ADIG also provides support to other Dioceses’ including Treasury and other Corporate services. The Group still borrows money from the community in the form of a range of accounts. Today ADIG holds funds from over 6000 investors. These include school children, families, small and large investors, clubs and associations, as well as school and parish accounts. Total invested funds held by the group exceed $300 million with a capital base of over $35 million.