Loan and Grant Highlights
- $45.1 million of new loans and $4.2 million of new grant requests were approved in fiscal year 2019
- 22 total origination projects were approved, including 8 land and facility purchases and 14 new facility projects.
- Twenty-two congregations were approved for new construction loans with final loans expected to total $45.1 million
Operations and Support Highlights
- WELS CEF was blessed with an operational surplus of over $0.7 million for fiscal year 2019
- WELS CEF’s $161.6 loan portfolio includes loans to 217 WELS congregations and affiliates
- Over 3,200 WELS members, congregations ,and affiliates have entrusted WELS CEF with $94.1 million in member investments
- $37.5 million of matching grants to mission congregations and $7.7 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 95.2% for maturing member household investment dollars
- WELS CEF continues to offer loan financing opportunities for WELS self-supporting congregations
- A net asset distribution from WELS CEF of $858,687 to Home Missions was approved along with an additional $1 million special grant to help support the opening of additional new missions
Projects
HOW TO INVEST
Learn about investing with the WELS Church Extension Fund.
CEF DOWNLOADABLE RESOURCES
Access all the forms and resources you need to invest, request a loan or grant, or implement the Stamp program.