MissionTermSelect

Like a CD, but with a higher purpose.

 
 

Suggested uses for MissionTermSelect investments:

  • Individuals may use MissionTermSelect as a short- or long-term investment
  • Congregations may use MissionTermSelect to hold funds for endowments, cemetery associations or renovation projects
  • ELCA-related ministries, such as colleges and social ministry organizations, may use MissionTermSelect to hold funds for endowments, scholarships or building projects

MissionTermSelect investments are like certificates of deposit. The Mission Investment Fund offers two kinds of MissionTermSelect investments:

MissionTermSelect-Adjustable Rate investments have terms of six months to seven years. The interest rate is adjustable monthly, but not below specified U.S. Treasury securities yields. Additions of $100 or more may be made (to the five- and seven-year options) at any time prior to two years before the maturity date.

MissionTermSelect-Fixed Rate investments have terms of six months to seven years. The interest rate is fixed at the beginning of the term and remains there for the full term. Interest is paid quarterly from the date of investment and can be sent directly to you by check or automatically reinvested. No additions to principal may be made during the term.

For both the adjustable- and fixed- rate MissionTermSelect, minimum balances may vary but will not be less than $100.

A MissionTermSelect investment may be be held in a Traditional or Roth Individual Retirement Account or a Coverdell Education Savings Account, with UMB Bank, n.a., as custodian.

Mission Investment Fund investments are subject to certain risks. See "Risk Factors" following the introduction in the Offering Circular. MIF investments are not bank accounts. As securities issued by a non-profit institution, the investments are not insured by the FDIC, SIPC or any other federal or state regulatory agency. The securities are sold only by means of the Offering Circular. This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein.