July 2013
On the Move
Dear Friends, Welcome to the July issue of On the Move. It is hard to believe that we are already entering the second half of the year 2013. As we begin this month, Lutheran Church Extension Fund (LCEF) is also beginning a new fiscal year. It is far too early to accurately gauge the financial results from the previous year, but all signs indicate another year of financial strength for LCEF. As important as financial results are, they pale in comparison to the impact that LCEF has on many ministries within our Lutheran Church – Missouri Synod. You might have seen the tagline that LCEF uses in many of its advertisements – “where investments build ministry”. We all know that ministry is so much more than a building; but many aspects of ministry cannot occur without facilities, people, financial resources, etc. That is the impact that LCEF has on ministry. LCEF has partnered with hundreds of ministries throughout the country to provide loans for buildings and other ministry resources that have helped in the spread of the Gospel. LCEF is only able to provide financial resources to churches, schools, and other ministries because of the investment that thousands of individuals and organizations have made in LCEF. Many people believe that LCEF is only interested in obtaining investments from those who have been very blessed in terms of financial resources. The truth is that anyone can become an LCEF investor, regardless of financial status. LCEF investment accounts can be opened with as little as $100 or $500 and pay a competitive rate of interest; are backed by an unparalleled record of financial strength; and help in the building of churches, schools, and other resources needed in the support of ministry. This issue of On the Move focuses extensively on the benefits of becoming an LCEF investor and how every investor makes a difference in the support of ministries throughout the country. Speaking of our nation, this month we once again celebrate the birthday of the United States of America. I encourage you to keep our nation and its leaders in your daily prayers so that we as a nation would conduct ourselves in accordance with the many blessings our loving God has given us. I would also ask that you keep the delegates to the 65th Convention of The Lutheran Church – Missouri Synod in your prayers as they gather later this month in St. Louis. God has richly blessed our church body and I pray that we, in turn, would continue to boldly proclaim the Gospel under the theme “Baptized for this Moment.” Thank you for your past, present, and future support of the ministry of Lutheran Church Extension Fund. In HIS Service, Dennis Klussman LCEF Vice President
What’s Your Reason for Investing in the Church?
“…Knowing that you were ransomed from the futile ways inherited from your forefathers, not with perishable things such as silver or gold, but with the precious blood of Christ, like that of a lamb without blemish or spot.” — 1 Peter 1:18-19 Lutheran Church Extension Fund (LCEF) investors know they can invest for retirement, everyday needs and emergencies, all while supporting worship opportunities and Christian development. So why aren’t you an investor yet? There are a variety of reasons to join us, such as: You can meet your financial goals with the interest-bearing StewardAccount®, enjoying convenient access through checks, debit card and online options. You can invest with LCEF for school expenses or retirement with the peace of mind that your dollars are empowering ministry. You can invest to reach your goals while directly boosting the financial well-being of our ministry servants when they need it most. Investments enable LCEF to make loans to pastors and other rostered church workers. At the heart of your decision, no matter the reason, is your wish to empower ministries and keep them vital. Visit lcef.org or call 800-843-5233 to find out more. LCEF is a nonprofit religious organization; therefore, LCEF investments are not FDIC-insured bank deposit accounts. This is not an offer to sell investments, nor a solicitation to buy. LCEF will offer and sell its securities only in states where authorized. The offer is made solely by LCEF’s Offering Circular. Investors should carefully read the Offering Circular, which more fully describes associated risks. LCEF StewardAccount access features provided through UMB Bank n.a. For more information on LCEF’s lending license, go to lcef.org/loans/state_disclosure.cfm. NMLS#3444.
Page 2
Investors Help Ministries Grow!
Lutheran Church Extension Fund (LCEF) empowers ministries to share the Gospel and build God’s kingdom through Word and deed. An investment with LCEF puts your blessings from God to work for ministries, supporting what you value most. Making disciples is something we all can share through the LCEF ministry. There are a variety of LCEF investments to suit your needs. LCEF is a nonprofit religious organization; therefore, LCEF investments are not FDIC-insured bank deposit accounts. This is not an offer to sell investments, nor a solicitation to buy. LCEF will offer and sell its securities only in states where authorized. The offer is made solely by LCEF’s Offering Circular. Investors should carefully read the Offering Circular, which more fully describes associated risks.
The Blurb
Did You Know?
We are blessed to live in the United States of America. In spite of its flaws, our country remains a beacon of freedom – including the freedom to worship God in a way of our own choosing. Lutheran Church Extension Fund exists to support congregations of the LCMS that reach people throughout the United States and other parts of the world. Call 1-800-THELCEF (843-5233) or visit lcef.org for more information on how your investment in LCEF can support the work of LCMS congregations and schools throughout the United States.
Did you know that you can become an LCEF investor for as little as $100?
(for use in church bulletins, newsletters, etc.)
An LCEF StewardAccount® requires only $100 to open and allows you the flexibility to invest as you see fit while giving you complete access to your funds while supporting the ministry of LCMS congregations and schools. Call (800) 843-5233 or visit lcef.org for more information.
Page 3
Current LCEF Loan Rates Congregations (Loans Amortized Up To Twenty Years): Annually-Adjusted Loan: (Loans > $2 Million Adjusted Monthly)
4.250%
Five - Year Balloon Note
4.750%
Ten - Year Balloon Note
5.125%
Construction Rate is 1% Higher During Construction Period 1% Loan Origination Fee Rostered Church Worker Mortgage Loans (Loans Amortized Up To Thirty Years): Five Year Adjustable Rate Loan (10% down payment): Ten- and 15-year Fixed Rate Loan (10% down payment):
2.875% - 3.375% 3.125% - 3.625%
Final Interest Rate Based Upon Down Payment and Credit History
On The Move
A Monthly Newsletter of the Missouri District LCEF Contacts:
Mailing Address: Telephone:
Dennis Klussman, District Vice President E-Mail: Dennis.Klussman@lcef.org 660 Mason Ridge Center Drive #100 St. Louis, Missouri 63141 (314) 590-6207
For additional information, visit the LCEF website www.lcef.org or call (800)-843-5233.
Page 4
JULY 2013
Investment Interest Rates
(Minimum Investment $100)
2½ Year
800-843-5233 lcef.org
(30 Month)
5 Year
10733 Sunset Office Drive Suite 300 St. Louis, MO 63127
Fixed Term Notes (Minimum Investment $500)
Rate
APY
6 Month 9 Month 1 Year
----
0.125% 0.250% 0.375%
0.125% 0.250% 0.376%
18 Month
--
0.500%
0.501%
2 Year
--
0.625%
0.626%
3 Year
--
0.875%
0.878%
4 Year
--
1.000%
1.004%
5 Year
--
1.250%
1.256%
IRA Dedicated Certificate Minimum Investment
Floating Term Notes
Rate
APY
$100
--
0.250%
0.250%
$1,000
--
0.375%
0.376%
$5,000
--
0.500%
0.501%
$10,000
--
0.750%
0.752%
StewardAccount® Certificate Minimum Investment
Rate
APY
$100
--
0.250%
0.250%
$1,000
--
0.375%
0.376%
$5,000
--
0.500%
0.501%
$10,000
--
0.750%
0.753%
Dedicated Certificate Minimum Investment
$100
--
(60 Month)
APY
--
0.350%
0.350%
--
0.800%
0.802%
Family Emergency StewardAccount Certificate Minimum Investment
$25
--
Rate
APY
0.875%
0.879%
Balances of <$10,000 require monthly electronic investments
HSA FlexPlus Certificate
Rate
APY
Minimum Investment
0.250%
0.250%
$1
Custodial accounts for minors: $25
Rate
Rate
APY
--
0.625%
0.627%
$2,500
--
1.125%
1.131%
$1,000
--
0.375%
0.376%
$5,000
--
1.500%
1.510%
$5,000
--
0.500%
0.501%
$15,000
--
2.125%
2.146%
IRA Jumbo Notes (Minimum Investment $100,000)
--
5 Year Fixed 60 Month Floating
--
Rate
APY
1.625%
1.635%
1.175%
1.180%
Cemetery Perpetual Care StewardAccount Certificate Rate
APY
$1,000
--
0.500%
0.501%
$25,000
--
0.625%
0.627%
$50,000
--
0.750%
0.753%
$100,000 +
--
1.000%
1.005%
Congregation Endowment Note
Congregation Endowment Note
Congregation Certificates
(60-Month Floating)
(5-Year Fixed)
(Minimum Investment $100)
Minimum Investment
Rate
APY
Minimum Investment
Rate
APY
$1,000
--
1.175%
1.180%
$1,000
--
1.175%
1.180%
$10,000
--
1.300%
1.306%
$10,000
--
1.300%
1.306%
$100,000
--
1.425%
1.433%
$100,000
--
1.425%
1.433%
Demand
--
Rate 0.250%
APY 0.250%
StewardAccount® Certificates $100
--
0.500%
0.501%
$250,000
--
0.625%
0.627%
$500,000
--
0.750%
0.753%
$1,000,000 +
--
0.875%
0.879%
LCEF StewardAccount access features provided through UMB Bank n.a. The StewardAccount is not available to investors living in South Carolina. LCEF is a nonprofit religious organization; therefore, LCEF investments are not FDIC-insured bank deposit accounts. This is not an offer to sell LCEF investments, nor a solicitation to buy. LCEF will offer and sell its securities only in states where authorized. The offer is made solely by LCEF’s Offering Circular. Investors should carefully read the Offering Circular, which more fully describes associated risks.