To meet the need for increasing requests for loans from WELS home missions and mission-minded congregations, WELS Church Extension Fund (WELS CEF) has been offering special interest rates for new investors.
For a limited time, WELS CEF has been 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. The opportunity to invest under these terms is ending Sept. 30.
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, has been seeking to raise approximately $10 million in investments. So far, investments of nearly $9 million have been made.
Mr. Scott Page, director of WELS CEF, says, “WELS Church Extension Fund would like to thank all our investors. These investments help WELS missions and self-supporting congregations build and expand their ministries. We are pleased to assist you in being good stewards of your gifts while also providing funding to help spread the gospel around the United States.”
View rates online at wels.net/cef. New IRA investors should contact WELS CEF at 866-511-7793 for investment materials. Investors can also manage their accounts and investments online.