wfn.org | Loan to build new log church among $4.1 million in requests

["Curt Miller"<wshuffit@oc.disciples.org>]

approved by BCE
Date: September 21, 1998
Disciples News Service
Christian Church (Disciples of Christ)
Contact: Curt Miller
Email: Cmiller@oc.disciples.org
on the Web: http://www.disciples.org

98a-59

	INDIANAPOLIS (DNS) -- The building of a log church in Cherrylog, 
Ga., was among the new loan requests approved by directors of Board 
of Church Extension (BCE) of Disciples of Christ during their 
quarterly board meeting, September 15-16, 1998.

	Capital loans to build the first unit of the recently established 
Cherry Log Christian Church is included in the $4.1 million of new 
loan requests approved by directors and staff during the past three 
months. The requests, ranging in size from $4,000 to $850,000 will 
finance 24 building projects valued at $8.3 million.  Disciples 
churches and organizations located in 14 states will use the funds 
for new construction, remodeling and debt refinancing. 

	In other actions, directors confirmed one interest-free loan request 
totaling $100,000 for first unit construction for a congregation in 
Georgia.  This brings to five the number of congregations with 
outstanding commitments totaling $227,500 in interest-free loans.

	As of August 31, 1998, reports showed loan balances of $92.5 million 
while the Board's assets stood at $110.3 million.  Investments placed 
with the Board, a primary source of loan funds, totaled $87.7 
million.

	Directors also received reports showing 137 field visits by staff 
members during May, June and July.  During the same period, BCE staff 
also directed 21 fund-raising campaigns that achieved pledges of $4.7 
million.

	In other action, directors:

	-- Confirmed holding its June 1999 board of directors meeting in 
Raleigh, N.C., where time will be spent visiting with churches and 
leaders of the predominantly African-American congregations of the 
Assemblies tradition.
	
	-- Received a report announcing New Fellowship Christian Church, 
Columbus, Ohio, as the recently established congregation to have 
Vision Builders Construction volunteers build its first building 
during the summer of 1999.

	-- Commended Raymond D. Sturm, who will retire October 31, for his 
leadership over the past five years as office manager.

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