Latest News
CEF special rates ending soon
Earlier this year, the WELS Church Extension Fund (CEF) announced…
Loan and Grant Highlights
- $19.6 million of new loans and $2.3 million of new grant requests were approved in fiscal year 2016-17
- 56 total projects were approved, including 9 land purchases, 7 new facility projects, and 40 other projects including renovations, increases, and refinances
- 7 congregations were approved for new construction loans with final loans expected to total $15.4 million
- One mission congregation purchased existing facilities, 8 mission congregations purchased land sites, and one missions completed a parsonage purchase
Operations and Support Highlights
- WELS CEF was blessed with an operational surplus of over $3.5 million for fiscal year 2016-17
- WELS CEF’s $149.8 loan portfolio includes loans to 216 WELS congregations and affilitiates
- Over 3,400 WELS members, congregations ,and affiliates have entrusted WELS CEF with $96.8 million in member investments
- $32.9 million of matching grants to mission congregations and $4.9 million of special grants to Home Missions have been provided by WELS CEF since 1993
- WELS CEF has been blessed with an average retention rate of 84.2% for maturing member investments
- WELS CEF continues to offer loan financing opportunities for WELS self-supporting congregations
- A net asset distribution from WELS CEF of nearly $843,000 to Home Missions was approved to help support the opening of additional new missions
Projects
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CEF DOWNLOADABLE RESOURCES
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