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, 2007.
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. Loans are also available to
ELCA-related ministries such as seminaries, outdoor ministries,
colleges and universities.
Investors earn interest as their investments help build the
church. Investment options include:
+ MissionPlus, which provides a checkbook that investors may use
to write checks in any amount (minimum investment $100)
+ MissionFuture4KIDZ, for children from birth to age 16 (minimum
investment $50)
+ MissionFirst, a savings investment plan (minimum investment
$25)
The MIF Web site includes current interest rates and information
on investments and loans.
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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
