Loan and Grant Highlights
- $24.2 million of new loans and $2.9 million of new grant requests were approved in fiscal year 2020
- 18 total origination projects were approved. All were facility build/expansion or facility-land new projects.
- Eighteen congregations were approved for new construction loans with final loans expected to total $24.2 million
Operations and Support Highlights
- WELS CEF was blessed with an operational surplus of over $1.4 million for fiscal year 2020
- WELS CEF’s $182.9 million loan portfolio includes loans to 209 WELS congregations and affiliates
- Investment special rate offers added $5 million in new investments to aid the CEF lending program
- Over 3,100 WELS members, congregations ,and affiliates have entrusted WELS CEF with $99.0 million in member investments
- $38.5 million of matching grants to mission congregations and $8.7 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 97.23% 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 $1,063,457 to Home Missions was approved
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.