Financial Planning Update

For several years Christian Credit Union has partnered with Kingdom Advisors. The vision of Kingdom Advisors is to serve the public by creating a recognized and credible specialty of Christian financial, legal and accounting professionals within the financial services industry, offering biblically wise financial advice. We share a common belief that there is a need for a biblical approach to financial services. Our financial planning team, along with many of our team members at Christian Credit Union, have taken Certified Kingdom Advisor training and achieved the status of Certified Kingdom Advisor (CKA®).For several years Christian Credit Union has partnered with Kingdom Advisors. The vision of Kingdom Advisors is to serve the public by creating a recognized and credible specialty of Christian financial, legal and accounting professionals within the financial services industry, offering biblically wise financial advice. We share a common belief that there is a need for a biblical approach to financial services. Our financial planning team, along with many of our team members at Christian Credit Union, have taken Certified Kingdom Advisor training and achieved the status of Certified Kingdom Advisor (CKA®).

There are several key message points that Kingdom Advisors offers us at this time of economic uncertainty that has happened as a result of the Covid-19 pandemic. We would like to share these with you. These points are in fact transcendent, and not only apply now, but are always applicable to us and our finances.

Market Turmoil and a Biblical Response

Message Points in Economic Uncertainty

by Ron Blue

Fear is a normal human response to economic uncertainty.

Faith and Truth are the best ways to combat fear.

• Faith in God as the Owner, Provider, and Protector in our lives
• Practicing biblical financial wisdom (Truth) in our financial choices

Economic uncertainty is certain. There has never been a time period or a culture that has escaped cycles of financial uncertainty in its history.

The only thing we have control over is our checkbook (our financial priorities and choices).

We can be a thermometer (measuring what is going on, but having no control over the environment) or a thermostat (controlling the environment) as we choose our focus and make our financial choices.

Biblical financial principles will apply in any economic scenario:

• spend less than you earn
• avoid debt
• maintain some liquidity
• set long-term goals
• give generously

Biblical principles of investing will apply in any economic scenario:

• maintain a long-term perspective (Luke 14:28)
• seek wise counsel (Proverbs 19:20-21)
• diversify (Ecclesiastes 11:1-2)
• monitor your anxiety (Philippians 4:6-7)

To be financially free, we must recognize that God owns it all (Psalm 24:1) and steward his resources with an open hand.

We encourage you to view a special message by Ron Blue, titled Fearless – Market Turmoil and a Biblical Response.

© Kingdom Advisors, Inc. 2020 • All worldwide rights reserved

NEI Investments, a close partner of Credential Asset Management Inc. at Christian Credit Union, has been very helpful in providing perspective on the recent market turbulence to us as advisors. We have been sharing some of these perspectives with our members who have investments with Credential Asset Management Inc. The Covid-19 pandemic has created fear amongst many people. This fear has been perpetuated by the 24-hour news media. Stock markets have experienced large corrections like this in the past. Times such as when the dot.com bubble burst in the late nineties, the 9-11 tragedy and the 2008 financial crisis. These are several examples that have taken place in just the last twenty years. What happened shortly after these events was a full recovery of the stock markets.

We have no way of knowing how long a recovery will take but there are strategies that NEI Investments have, especially at times like this. First, NEI holds strongly to investing in non-speculative companies that have real, true and intrinsic value. These company’s stock prices do fluctuate according to what the market is doing and upon concerns of recession and potentially lower future profits. 

However, most often, share prices eventually recover again when the economy picks back up out of recession. The second thing to consider, is that during times of volatile stock markets, NEI is able to tactically use all of the analysis they continually do on different companies to trade and buy shares that are strong but have fallen below their real values. This helps to improve returns as markets recover.

The most important thing though is that you are invested according to your risk tolerance, investment objectives and time horizon. That is why we check this every time we meet and review your ‘Know Your Client’ (KYC) information. It is a primary responsibility that we have to you, to ensure that you are properly invested.

If you would like to discuss your investment portfolio, whether it is with Credential Asset Management Inc. at Christian Credit Union, or if it is held elsewhere, we would be happy to talk with you about it.

As members of Christian Credit Union, you are all in our thoughts and prayers at this difficult and uncertain time. We ask for your prayers as well as we continue to work for you at this challenging time. We know where our only comfort lies and we trust in His care now, as always.

David van Berkel, CFP®, CKA®
Financial Advisor
Christian Credit Union
Credential Asset Management Inc.

Mutual funds and related financial planning services are offered through Credential Asset Management Inc. NEI Investments is a registered trademark of Northwest & Ethical Investments L.P. (“NEI LP”). Northwest & Ethical Investments Inc. is the general partner of NEI LP and a wholly-owned subsidiary of Aviso Wealth Inc. (“Aviso”). Aviso is the sole limited partner of the Manager. Aviso is a wholly-owned subsidiary of Aviso Wealth LP (“Aviso Wealth LP”), which in turn is owned 50% by Desjardins Financial Holding Inc. (“Desjardins”) and 50% by a limited partnership owned by the five Provincial Credit Union Centrals (the “Centrals”) and the CUMIS Group Limited.      
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.