Financing for mission congregations

Beautiful Savior, Moncks Corner, S.C., dedicated its first church in May 2016 with the help of Home Missions and WELS Church Extension Fund.

WELS Church Extension Fund, Inc., (WELS CEF) provides financing through loans and grants to mission congregations so they can acquire land and ministry facilities to be used for gospel outreach in coordination with WELS Home Missions. WELS CEF also provides loans to self-supporting WELS congregations and schools for land and facility projects. The money to carry out CEF’s mission comes from investments and gifts from WELS members, congregations, and affiliated organizations.

In fiscal year 2015–16, $32.8 million of new loans and $4 million of new grant requests were approved. WELS CEF’s loan portfolio ended the year at $139.7 million with 208 loans to WELS congregations and affiliates.

For more information, visit wels.net/cef.