by Frank Imhoff, ELCA News Service
The Mission Investment Fund (MIF) of the Evangelical Lutheran Church in America (ELCA) announced new interest rates for the fixed- and adjustable-rate investments that are available to ELCA congregations and their members, synods and ministries related to the church. Interest rates went into effect Jan. 1, 2006.
The MIF's primary mission is to provide low-interest loans to mission congregations to purchase land and construct church buildings, and to established ELCA congregations for renovation, expansion and relocation projects. Interest is paid on a variety of investments, including:
+ MissionPlus provides a checkbook that investors may use to write checks in any amount (minimum investment $500)
+ MissionFuture4KIDZ is for children from birth to age 16 (minimum investment $50)
+ MissionFirst is a savings investment plan (minimum investment $25)
The MIF Web site includes information on investing.
For information contact:
John Brooks, Director (773) 380-2958 or news@elca.org
http://www.elca.org/news
ELCA News Blog: http://www.elca.org/news/blog
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About the Evangelical Lutheran Church in America:
The ELCA is one of the largest Christian denominations in the United States, with 2.8 million members in more than 8,500 worshiping communities across the 50 states and in the Caribbean region. Known as the church of "God's work. Our hands.," the ELCA emphasizes the saving grace of God through faith in Jesus Christ, unity among Christians and service in the world. The ELCA's roots are in the writings of the German church reformer Martin Luther.
For information contact:
Candice Hill Buchbinder
Public Relations Manager
Candice.HillBuchbinder@ELCA.org
