WELS CHURCH EXTENSION FUND NEWS & UPDATES

Current stories and updates from WELS Church Extension Fund

Latest News

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

*Not FDIC or SIPC insured   *Not a bank deposit  *No Synod Guarantee

The purchase of WELS CEF’s securities is subject to risks, which are described in our Offering Circular. This is not an offer to sell you our securities and we are not soliciting you to buy our securities. We will offer and sell our securities only in states where authorized. These securities are neither offered nor available for sale in Pennsylvania, West Virginia or District of Columbia. The offering is made solely by the Offering Circular.