The Ballarat Catholic Development Fund will merge with the Catholic Development Fund of Melbourne, Sale and Bunbury. Source: Melbourne Catholic.
The dioceses’ bishops have announced that the merger will be finalised in early 2024.
A statement jointly released by Melbourne Archbishop Peter A Comensoli, Bishop Gregory Bennet and Perth Archbishop and Apostolic Administrator of Bunbury Archbishop Timothy Costelloe SDB said that the expanded CDF will continue to meet the demands of the local community while maintaining a prudentially sound and sustainable fund into the future, delivering on the collective mission of the Church.
“Both funds have a 50-plus year history of working together and sharing resources to offer customers in their respective dioceses strong and competitive financial solutions,” the bishops said.
“A larger fund will continue to meet the demands of our growing communities and those who work within them, as they minister and deliver services in pastoral care, education, healthcare, social services and aged care.”
Recent mergers with the CDFs in the Bunbury and Sale dioceses have proven successful in delivering a range of additional benefits to their local communities, the bishops said. They also expressed their gratitude for the work of BCDF to date and to its customers “who have supported an organisation that promotes and lives our Catholic mission”.
“Alongside Bishop Paul Bird from the Diocese of Ballarat, we look forward to the new partnership and the potential it has to add value for all customers and communities across the Diocese of Ballarat, Diocese of Bunbury, Archdiocese of Melbourne and Diocese of Sale.”
Ballarat Catholic Development Fund merges with CDF Melbourne, Sale and Bunbury (Melbourne Catholic)
A statement from the Archbishop of Melbourne, Bishop of Sale and Bishop of Bunbury (Melbourne Catholic)
CDF Ballarat Merger Announcement (Catholic Development Fund)