Vision2Systems LLC, our former giving processing vendor, has filed for bankruptcy, and we’re still in the early stages of understanding what this means. This issue stems from a vendor’s mishandling of funds, not from any failure within our church’s accounting systems. Through an audit process, we have determined that our financial risk is limited to $53,000, with what we know today. While this is not an insignificant amount, we are grateful that our strong internal controls allowed us to catch this issue quickly and minimize its impact.
We live in a broken world, and while no organization is immune to challenges, we are blessed with a Finance Team that acted with wisdom and diligence. We have taken swift and appropriate action with integrity, transparency, and strong governance, including working with our internal and external auditors and retaining external counsel. We also want to assure you that we are confident in our new giving processing vendor, SecureGive, which provides a reliable and secure way to continue supporting the church. This situation is still in its early stages, and we will keep you informed as we learn more.
CPC has designated Elder Tim Bettenga (email: tjbettenga@icloud.com), Elder Mark Paetznick (email: jpaetznick@comcast.net) and its Director of Finance & Giving, Courtney McKinley (email: courtneym@cpcedina.org) as the point people regarding the Bankruptcy Case. You may direct any additional questions to them.
