Lutheran Church Extension Fund (LCEF) is now offering a two-year, fixed-rate term note at 6.136 APY (6 percent base rate). APY is the annual percentage yield.
LCEF is offering the note in order to meet increased requests for building loans from Lutheran churches and schools. The offer is available only until LCEF raises the additional $150 million needed to meet the increasing loan demand or until Nov. 30 — whichever occurs first.
The minimum investment for the two-year note is $500. LCEF may end the promotion the final day of any month.
LCEF’s mission is to provide low-cost loans and facility-planning services to LCMS churches, schools, and rostered church workers, according to LCEF President Merle Freitag.
“The LCMS continues to build at a very high rate,” Freitag said. “The support provided by our investors ensures that the resources are available when needed to provide space and place for future ministry. We are grateful for their investment and their trust.”
For more information about the two-year offer or any of LCEF’s investments, loans, and services, call (800) 843-5233 or visit its Web site at www.lcef.org.
LCEF is a nonprofit religious organization; therefore, LCEF investments are not SIPC- or FDIC-insured bank deposit accounts. This is not an offer to sell investments or a solicitation to buy. The offer is made only in states where authorized and solely by LCEF’s Offering Circular.
Posted Sept. 11, 2007