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The latest and greatest from the Mission Investment Fund
Check back here often, for news updates, success stories, promotions and more from the Mission Investment Fund.
Achieve your retirement dreams with a Mission Investment Fund IRA
From November 1, 2009, through April 15, 2010, purchase a new Mission Investment Fund fixed-rate IRA – and earn an extra .50% over the rate in effect at the time of purchase for the full term of the investment. All it takes is a minimum $100 investment in a MissionTermSelect fixed-rate IRA or $250,000 in a MissionTermSelectGrand fixed-rate IRA. When you invest in the Mission Investment Fund, you get more than a great rate. You also help build your church. We use the money you invest to make loans to ELCA congregations and related ministries for building and renovation projects. Get your IRA today. Call 877.886.3522, or visit our IRA Service Center.
Strength to weather the storm: Mission Investment Fund addresses economic concerns
With the global financial crisis, ELCA ministries and individual church members can take comfort in knowing that the Mission Investment Fund is stable and strong.
- The fund has built up capital of more than $165 million, reflecting a net worth of over 25 percent of assets. That percentage is almost five times the amount required by regulation and almost double what most banks maintain.
- The fund maintains strong underwriting standards, and did not engage in subprime lending or other risky loan practices. It focuses all its efforts and resources on helping to build the church and advance God’s mission by providing ministry loans, investment opportunities, and supporting services for ELCA members, congregations and related institutions.
- The fund invests cash not currently required to underwrite loans in a diversified portfolio of highly rated, liquid, fixed-income securities and deposit instruments, and continuously monitors credit quality and market conditions.
- The fund maintains a highly efficient cost structure. With low operating expenses, it operates conservatively -- and still provides exceptional rates and services to investors and borrowers.
In addition, in the 90-plus-year history of the Mission Investment Fund and its predecessors, the fund has always paid investors their principal and interest in accordance with the terms of the investment. So no invester has ever lost a penny on a Mission Investment Fund investment.
For additional information on the Mission Investment Fund review the fund’s Offering Circular.
Learning side by side
At KenCrest in Philadelphia, Pennsylvania, children with developmental challenges and preschoolers from the surrounding neighborhood study and play together -- and earn each others' respect. Read this story of inspiration.
The greening of a congregation
In Wheat Ridge, Colorado, Holy Cross Lutheran's geothermal heating and air conditioning system has not only proved economical and ecologically progressive, it’s become a source of inspiration to churches and organizations in the area . Read this story of inspiration.
2008. A year of record growth.
In a year of global financial turbulence, the Mission Investment Fund set new records. More investors than ever joined the fund, and investments increased more than in any previous year. Download the Annual Report.
Health Savings Accounts available
HSAs allow employees who have high deductible health plans through their employers to pay for qualified medical expenses with tax-deductible dollars. More.
Access the IRA Service Center
Apply online to purchase Mission Investment Fund investments held in IRAs (with UMB Bank, n.a., as custodian). Apply online.