CCMBC Legacy Fund

What CCMBC Legacy Fund does

CCMBC Legacy Fund Inc. is a federally incorporated Canadian not-for-profit company and registered charity that delivers ministry-focused financial services to the Canadian Conference of Mennonite Brethren Churches (CCMBC) ecosystem. The organization is headquartered at 1310 Taylor Avenue in Winnipeg and operates through a wholly-owned subsidiary, CCMBC Investments Ltd. (created August 30, 2019), which acts as the registered issuer for investment and lending activities; Capstone Asset Management serves as the exempt market dealer facilitating transactions, and Canadian Western Trust serves as trustee for the registered plans.

The product set spans four pillars. Investment products include non-registered Cash Accounts paying 2.75%, TFSAs, RRSPs and RRIFs with no administration fees and a $3,000 minimum, plus $500 preferred shares paying a 1% dividend. Lending products comprise Church Mortgage Loans at a 5.75% variable rate (up to 70% loan-to-cost, 25-year amortization) and Pastoral Mortgage Loans at 4.75% with a 20% down payment, secured by property title; historically more than 700 such loans have been issued. Administrative services include payroll processing at $10 per employee per pay period for MB churches, schools and camps, full bookkeeping and accounting, group benefits through Canada Life, and a defined-contribution pension plan (5% employee / 100% employer match) administered via Canada Life and Fidelity's ClearPath Index Plus funds. Customer acquisition relies on denominational channels: provincial MB conferences, church-network referrals, newsletters and webinars, supported by partners such as Spraggs Advisory Group and Advisors with Purpose.

The business model is a hybrid of interest income on the loan book (approximately 60% of CCMBC Investments Ltd.'s assets are held in MB mortgages), subscription/recurring fees from payroll, accounting, pension and benefits administration, and net interest spread on registered and non-registered investor balances. As of year-end 2025 the organization reported negative net unrestricted assets of approximately $5.2M (Legacy, 12.7% deficit against $41M in account-holder obligations) and $5.6M (Investments, 4.9% deficit against $114M in Notes), driven by a $3.3M / $8.9M December 2025 write-down in three Capstone-managed funds; acceptance of new deposits has been paused pending a recovery plan, while withdrawal requests continue to be processed.

Name

CCMBC Legacy Fund

Legal name

CCMBC Legacy Fund Ltd.

Website

https://ccmbclegacyfund.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

CCMBC Legacy Fund is a Canadian not-for-profit and registered charity that provides investment accounts, church and pastoral mortgages, payroll, accounting, pension and benefits services to Mennonite Brethren churches, pastors and affiliated individuals across Canada.

Ownership category

akta.pro rank

Product category

Ministry Financial Services

NAICS

Grantmaking and Giving Services (81321), Religious, Grantmaking, Civic, Professional, and Similar Organizations (813)

SIC

Finance Services (6199)

akta.pro primary industry

Corporate Foundations & CSR Grantmaking (BPAGAKAC)

akta.pro secondary industry

Community Foundations (BPAGAKAB)

Keywords

• Ministry financial services
• Church mortgage lending
• Registered investment accounts
• Faith-based payroll services
• Church accounting services

Headquarters

HQ city

Winnipeg

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income on Church Loans: Interest earned on mortgage loans provided to Mennonite Brethren churches, pastors, schools, and camps. Loans secured by property title. Current rates: 5.75% for churches, 4.75% for pastors.
2. Investment Account Administration: Manages Cash Accounts, TFSAs, RRSPs, and RRIFs for investors. Funds invested provide church mortgages and managed portfolio returns.
3. Payroll Services: Payroll processing for MB churches, schools, and camps at $10.00 per employee per pay period. Includes CRA remittances and T4 processing.
4. Preferred Share Dividends: Clients required to hold $500 in preferred shares earning 1% annual dividend.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

CCMBC Legacy Fund is a federally incorporated not-for-profit company and registered charity that provides ministry-focused financial services to the Canadian Conference of Mennonite Brethren Churches. It offers investment accounts (Cash Accounts, TFSA, RRSP, RRIF) that fund mortgage loans to MB churches, pastors, schools, and camps, along with administrative services including payroll processing, accounting/bookkeeping, pension plan administration, and group benefits.

Product overview

CCMBC Legacy Fund is a federally incorporated not-for-profit company and registered charity that provides ministry-focused financial services to facilitate Kingdom Growth for the Canadian Conference of Mennonite Brethren Churches. The organization operates through its wholly-owned subsidiary CCMBC Investments Ltd. and offers a comprehensive suite of financial products including investment accounts (Cash Accounts, TFSA, RRSP, RRIF) that fund church and pastoral mortgage loans, along with administrative services (Payroll, Accounting, Pension Administration, Group Benefits), and HR Advisory Services through partner Spraggs Advisory Group. The investment program has a 40+ year history, with funds primarily used to provide mortgages to MB churches, pastors, camps, and schools, while excess funds are managed by Capstone Asset Management.

Differentiator

Problem solved

Functional benefit

Products and services

• Cash Accounts
• Tax Free Savings Accounts (TFSA)
• Registered Retirement Savings Plan (RRSP)
• Registered Retirement Income Fund (RRIF)
• Church Mortgage Loans
• Pastoral Mortgage Loans
• Payroll Services

Quantifiable outcome

• 700+ loans provided to MB churches and pastors
• +1 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature1 record

Partnerships

Six partnerships are on record, tiered major, core and minor.

• Spraggs Advisory GroupmajorImplementation/ SI/ Consulting Partner · 1 January 2025HR consulting services specifically designed for churches and non-profits. Provides monthly HR newsletters, webinars, and advisory services to CCMBC members at below-market cost.
• Advisors with PurposemajorGTM or Marketing Partner · 1 January 2024Planned giving advisors offering free estate planning assistance. Helps families with estate decisions reflecting faith and values. Partnership offers webinars and consultation services.
• Capstone Asset Management Inc.coreTechnology or Integration · 1 January 2019Exempt market dealer facilitating investment transactions; portfolio manager for excess funds not invested in church mortgages; faith-based private wealth management firm based in Langley, B.C.
• Canadian Western Trust (CWT)coreTechnology or Integration · 1 January 2019Trustee for TFSA, RRSP, and RRIF plans pursuant to Income Tax Act of Canada. Part of Canadian Western Bank Financial Group.
• ENCOMPASS Benefits & HR Solutions IncminorOthersBenefits and HR consulting resources for CCMBC group insurance plans.
• Homewood HealthminorOthersEmployee & Family Assistance Program provider offering short-term counselling and mental health resources.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• World Vision Canada: Major Canadian Christian humanitarian organization with sophisticated planned giving, gift of securities, and donor-advised fund programs serving faith-aligned individual investors. Significantly larger scale but overlaps in offering faith-based stewardship and investment-adjacent services.
• Compassion Canada: Large Canadian Christian nonprofit offering child sponsorship, donor services, and planned giving programs including gift of securities. Larger in scale and broader in mission, but operates adjacent faith-based donor infrastructure that overlaps with Legacy Fund's stewardship audience.

Regional players

• Mennonite Economic Development Associates (MEDA): Anabaptist-Mennonite economic development organization operating internationally with significant Canadian presence. Related by faith and ethics-driven mission, but focuses on international development finance rather than domestic church lending or deposit services.

Others

• Multiply: Canadian Conference of Mennonite Brethren Churches' global mission agency, directly affiliated with the same parent denomination as CCMBC Legacy Fund. Shares the MB ecosystem and donor base but focuses on missionary support rather than financial services.
• MCC Canada (Mennonite Central Committee Canada): National Mennonite relief and development agency with related donor-advised fund and gift-in-kind programs. Adjacent rather than directly competitive, but shares the Mennonite donor ecosystem and offers faith-aligned giving services.

Direct peers

• The Christian Reformed Church in North America – CRCNA Foundation: U.S.-based denominational agency providing loans, grants, and financial services to Christian Reformed churches and ministries. Highly comparable institutional model of a denomination-affiliated financial services ministry serving church planting, building, and pastoral needs.
• Canadian Baptists of Western Canada Foundation: Denominational foundation providing financial services, planned giving, and stewardship resources to Baptist churches and affiliated individuals across western Canada. Closely comparable model to CCMBC Legacy Fund; the current Legacy CEO previously served as President of this organization.
• Mennonite Savings and Credit Union (Mennonite Financial): Ontario-based faith-based credit union serving the Mennonite and broader Christian community with deposit accounts, mortgages, and member lending. Direct competitor for faith-aligned retail deposits and mortgages within the Canadian Mennonite ecosystem.
• The Barnabas Foundation: Canadian Christian charitable foundation providing estate planning, gift planning, and donor-advised services to faith-aligned individuals and families. Comparable in serving values-aligned givers with structured giving and trust-adjacent services.
• Christian Credit Union: Canadian faith-based cooperative financial institution offering deposit accounts, mortgages, and lending services to Christian individuals and ministries. Comparable in providing values-aligned financial products to the same general customer base, though structured as a credit union rather than a denominational foundation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ccmbc-legacy-fund-inc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CCMBC Legacy Fund