Increasing requests for loans from WELS Home Mission churches and mission-minded congregations is prompting WELS Church Extension Fund (WELS CEF) to offer special rates for new investors. WELS CEF makes loans below or at market rates for WELS churches that are either new and building for the first time or established congregations with a new mission-focused initiative.
WELS CEF funds these loans through WELS congregations’ and members’ investments in WELS CEF products. With the need for funds increasing, WELS CEF, through this special offer, is seeking to raise approximately $12 million in investments. “If you are not an investor in WELS CEF, this is a great opportunity to support ministry. If you are already an investor, this is a great opportunity to increase your support of ministry by increasing your investments,” says Mr. Scott Page, director of WELS CEF.
For a limited time, WELS CEF is offering a four percent interest rate on a minimum investment of $5,000 in either a 56-month-term loan certificate or a 60-month-term IRA certificate. WELS CEF’s investment certificates pay and compound interest quarterly. The four percent interest rate applies only to new money investments.
“We’re offering a great interest rate for new investments,” says Page. “Congregations are eager to grow, and now’s the time to fund that need.”
Investing in WELS CEF is not only a smart way to manage personal finances, but it also supports the mission of the church. Rev. Keith Free, administrator for WELS Home Missions, says, “The continued investments of more WELS members and congregation gives WELS CEF additional funds to support missions and mission-minded congregations.”