Elca Mission Investment Fund Rates

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Investments For Individuals Faqs

Mission Investment Fund of the ELCA
  • Are MIF investments insured?

  • The Mission Investment Fund is not a bank or credit union and is not eligible to be insured by any federal or state regulatory agency . Our strong capital ratio of 29% is many times higher than regulators requirements. This exceptional financial position offers security to our investors and helps assure our ability to meet our obligations.

    If you are interested in an insured investment, please consider our financial partner, the ELCA Federal Credit Union. The Credit Unions deposit accounts are federally insured up to $250,000 by the National Credit Union Administration .

  • Where is my money invested?

  • Funds invested in MIF by congregations and their members, synods and ministries are used to make loans to ELCA ministries for capital projects such as new church buildings, additions and renovations.

  • Do MIF investments have fees or penalties?

  • MIF has few fees for its investment accounts. Fees are listed in the .

  • How do I apply for a debit card? Who is eligible for a debit card?

  • Personal investors may apply for a Visa® debit card when they complete an application for an MIF Demand investment account. MIF does not offer debit cards to congregational or ministry investors.

  • ~accord

  • Samples In Periodicals Archive:

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    How Does Our Congregation Use The Assessment Tool

    To begin the Congregational Financial Assessment and score your proficiency in each of the 21 healthy financial practices, log in to the behavior tracker. The tracker can be accessed from the Congregations menu by clicking on Track Progress.

    Your congregation will earn points as you assess your use and competency for each behavior, with answers ranging from We dont do this practice to We do this very well, with no need for development/improvement .

    To amplify learning across the ELCA, Resourceful Servants will watch for emerging trends related to:

    • Congregational participation in the portal,
    • Reported proficiencies in each healthy financial behavior, and
    • Overall assessment scores across the range of practices.

    This information will help us determine which resources will impact the greatest number of congregations.

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    Project Budget Other Information:

    Additional support material may be provided as deemed necessary by the grant applicant.

  • Current financial statements including operating budget
  • IRS tax letter for organizations not affiliated with the SC Synod or ELCA
  • List of current leadership
  • Commitment letters for collaborative efforts
  • The completed Grant Application should be mailed to: South Carolina Synod-ELCA Attention: Mission Endowment Fund 1003 Richland Street Columbia, SC 29201

    Endowment Fund Application

    The South Carolina Synod established a Synod Mission Endowment Fund at the 2003 Synod Assembly. Initial funding for the fund came from the estate of The Rev. and Mrs. John H. Koch. This fund is intended to fund mission development within the South Carolina Synod and for special expressions of Gods love in the world.

    Mission Investment Fund Of The Evangelical Lutheran Church In America

    What is the ELCA Mission Investment Fund?  Mission ...

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    Mission Investment Fund of the Evangelical Lutheran Church in America’s Email FormatPercentage
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    Enter employee name to find & verify emails, phones, social links, etc.

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    Find contact info for Mission Investment Fund of the Evangelical Lutheran Church in America employees

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    Warner Trust Fund Grant

    Charles and Mable Warner were members of First Lutheran Church, Los Angeles. They had no children and loved their church as evidenced by the following quote from their will:

    The entire remainder of the trust estate shall go and be distributed to the Evangelical Lutheran Synod of the Southwest, Los Angeles, California, with the request that such estate be used in the construction of Sunday School facilities and to further youth Christian education.

    As legal successors to the Southwest Synod, the principal was divided among the five ELCA synods in Region 2. The principal from the fund has been placed in the ELCA Mission Investment Fund and the interest is made available annually in March, as grants. Depending on interest rates we anticipate receiving about $20,000 on our investment this year that will then be distributed as grants.

    The Warner Trust Fund Committee, appointed by the Pacifica Synod Council, is empowered to review all grant applications and recommend grant awards. The recommendations are reviewed by the Pacifica Synod Mission Funds Committee and Synod Council Executive Committee provides final approval of all grant awards.

    The 2022 Warner Trust Fund Grant period is now open through January 15, 2022. A fillable application may be downloaded HERE.

    If you are a prior grant recipient and need to file your required report, you may download a fillable report here.

    If you have any questions, please contact Terri Robertson at 714.352.8732 or by email at .

    Recent News

    Why Borrow From Us

    As the lending ministry of the ELCA, we understand the mission of your congregation or ministry and your unique needs. We specialize in church building projects so we bring a depth of knowledge and experience to those projects. We offer competitive rates and terms. But the most beautiful part of borrowing with MIF is knowing that the interest you pay on your loan helps fund loans to other ELCA congregations and ministries, so they, too, can share Gods love.

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    Why Invest With Us

    The Mission Investment Fund is the picture of strength and stability, well capitalized and prudently managed. Our strong financial position helps assure our ability to meet our obligations and offer security to our investors. In addition, theres a return no spreadsheet can fully account for: As youre saving for your future, your investment is also supporting ministry and expanding capacity for mission by funding building and renovation loans to ELCA congregations and ministries. An extraordinary ROI indeed.

    Mission Investment Fund Offers Special Rates

    Mission Investment Fund

    Check out MIFs special investment rates

    Want great interest earnings on your savings in a low-interest environment? Look to the Mission Investment Fund.

    For a limited time, MIF is offering special rates on two popular Term Investments:

    3.00% for the

    6-year MIF Fixed-Rate Term Investment

    2.10% for the

    4-year MIF Fixed-Rate Term Investment

    MIFs rates are available for all new 4-year and 6-year MIF Fixed-Rate Term Investments as well as the balances on maturing 4-year and 6-year MIF Fixed-Rate Term Investments.

    These special rates will be in effect for a limited time, so act now!

    Visit mif.elca.org for more information and to download an investment application.

    For information on all MIF investments and ministry loans, contact MIF Customer Service at 877-886-3522 or your MIF Regional Manager Jerry Johnson, AiM at 904-645-9829 and

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    How Can Our Congregation Use The Resourceful Servants Website

    Explore the available resources Using the Congregations area, your congregation can determine what you do and do not know about congregational finance and can explore resources related to healthy financial practices. Links associated with each practice provide a deeper dive into the topic.

    Track congregational behavior Leaders in your congregation can track its progress on healthy financial practices. The site will indicate the congregations level of proficiency on each practice and give it an overall self-assessment score.

    Communicate with peers Built-in discussion tools enable your congregation to teach and learn from peers in other congregations and share its own feedback on resources it finds helpful or unhelpful.

    Who Is The Congregational Financial Assessment Intended For

    We hope your congregation can easily find a way to participate in the Congregational Financial Assessment program. In many congregations, operational responsibilities exceed the human resources needed to address them. Even in congregations with an abundance of people willing to serve, issues of congregational finance may still pose an extraordinary challenge.

    This program is for congregational leaders interested in improving their congregations financial wellness and operational impact but unsure where to start. The Congregational Financial Assessment provides both a starting point and a road map to improved financial stability. Program participation may enable leaders in your congregation to step forward and serve with greater confidence and competence as they seek to master more advanced topics .

    This program is also for congregational leaders interested in learning from and helping other ELCA congregations improve their financial wellness. Through the Resourceful Servants website, congregational leaders across the church will be able to answer one anothers questions and share resources they have developed or curated.

    Share the infographic titled Improve Congregational Financial Wellness with leaders in your congregation to start or enhance a discussion about finances and how the Congregational Certificate Program could help your congregation.

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    Mission Investment Fund Of The Evangelical Lutheran Church In America Information

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    Find contact info for Mission Investment Fund of the Evangelical Lutheran Church in America employees

    What Is The Period Covered By The Congregational Financial Assessment

    What is the ELCA Mission Investment Fund?  Mission ...

    Assessed practices are not intended to be one and done rather, they must be repeated over and over. The self-assessment tracker retains a score for any given practice for up to 18 months before reverting to zero. The goal is to emphasize periodic reassessment while providing the time to research, implement and improve each financial best practice.

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    Proposed Format Cover Page:

  • State the name of the institution, congregation, ministry team, committee or organization making the request.
  • State the Grant Title, and indicate the purpose of the grant .
  • Summarize the ministry need or opportunity the project will address, total cost of the project, and the amount requested from the Mission Endowment Grant.
  • Supply the name of the payee and address to expedite processing of funded grants.
  • Need To Refinance The Mission Investment Fund Is Offering A 3875% Apy Rate

    If your congregation or ministry is looking to refinance an existing loan, this may be the time to proceed. The Mission Investment Fund , the ELCAs lending ministry, is offering a 3.875% APY rate, available through October 31, 2017, on a Five-Year Adjustable-Rate Mortgage. In addition to refinancing existing debt, MIF loans are available for a variety of capital projectsfrom new construction to additions and renovations, as well as land and building purchases. Adjustable- and Fixed-Rate loan options are available. For information on MIF ministry loans and investment opportunities, visit www.mif.elca.org, contact MIF Customer Service at 877-886-3522, or contact your MIF Regional Manager, Gerry Lauro, at 312-805-6502 or .

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