Armidale Diocesan Investment Group
Armidale Diocesan Investment GroupADIG began operations in 1974 in response to a growing need from parishes and schools in the Armidale Diocese 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 one of several agencies in the Diocese which exist to support the religious activities of the Catholic Church in the Armidale Diocese. Examples of other agencies in the diocese are Centacare, Catholic Schools Office and the Matrimonial Tribunal.
As well as providing loans to schools and parishes, ADIG also provides other assistance to the Armidale Diocese, which is detailed in our Apostolate.
The Group still borrows money from the community in the form of a range of at-call and fixed term deposit accounts. Today ADIG holds funds from over 4000 depositors. These include school children, families, small and large investors, clubs and associations, as well as school and parish accounts. ADIG now holds over $100 million in deposits.
ADIG Deposits Growth 1974 - 2006
As well as in Armidale and Tamworth (where there are offices), ADIG has depositors all over the New England/North West, interstate and even overseas. They all have at least one thing in common - they enjoy fee-free savings and investment accounts that pay competitive rates of interest, and they know that by simply having these accounts with ADIG they are helping schools, parishes and the community in the Armidale Diocese.
The Armidale Diocesan Investment Group (ADIG) is not subject to the provisions of the Corporation Act 2001 nor has it been examined or approved by the Australian Securities and Investments Commission. Deposits with ADIG are guaranteed by CDPF Limited, a company established by the Australian Catholic Bishops Conference for this purpose. We welcome your investment with the ADIG rather than with a profit oriented commercial organisation as a conscious commitment by you to support the Charitable, Religious and Educational works of the Catholic Church. ADIG nor the Trustees of the Roman Catholic Church for the Diocese of Armidale are prudentially supervised by the Australian Prudential Regulation Authority; contributions to ADIG do not obtain the benefit of the depositor protection provisions of the Banking Act 1959; ADIG is designed for investors who wish to promote the charitable purposes of ADIG.
