ELCA News Blog
January 22, 2007
Mission Investment Fund announces new interest rates
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.
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