Total Investments : $47.2 Million
Total Investments : 785
Total Assets : $50 Million
Total Active Loans : 126
Loan apps received in Qtr 1: 23
|
|
We are celebrating! Because of our amazing investors,
we were able to reach the $50 million mark in assets in late March!
Of course this exciting benchmark is also the result of all loans being paid on time, with no defaults, for our entire history. This is an outstanding accomplishment in the lending world!
We are still in need of more investments as the requests for loans have continued at an increasing pace (twenty-three in the last three months). And what is exciting is that so many of our United Pentecostal Churches are growing and need the additional, remodeled, or new facilities. So not only are you gaining an excellent rate of return on your investment, you are helping growing churches better reach their community with the Acts 2:38 message.
Remember you have just days left, until April 15, 2019, to make final contributions to your IRA for 2018 using our partner, GoldStar Trust. Even if you have a company-sponsored qualified plan, you can use our IRAs to bolster your retirement savings. The 2019 contribution limits have just been raised to $6,000 per person or up to $7,000 if you are age fifty or older.
At the end of this June we will conclude a full nine years of operations and are thankful for the consistent growth of the Church Loan Fund. We feel truly blessed to be able to provide this ministry to the fine constituents and churches of the UPCI. Please feel free to share our Fund with your friends and family and encourage them to invest.
Stephen M. Drury
|
|
Online Access
Did you know we have an online portal for accessing your investments?
Sign up today for these handy tools:
- View your balance and statements
- Add to your current investment
- Open a new investment
- Set up a recurring deposit or withdrawal
- Change your interest earnings selection
Give us a call (636-229-7949) to obtain your Activation Code, and then set up your account by visiting our
registration page.
|
|
We have exciting news to share since our last quarterly update! In an effort to make sure our investments remain competitive with local banks and credit unions, and to ensure we can continue to keep up with our ever-growing loan demand, we have approved an increase to our investment interest rates!
The increase applies to new certificate purchases and to all Demand Certificates, whether newly established or current. Give us a call or email with any questions, or to open a new account with this stronger earning potential. All the while still knowing your investment is helping to build and grow congregations all across the United States & Canada.
Our investments are open to UPCI churches, districts, ministries, constituents, and supporters in the United States and Canada, and your referral is the highest compliment you could give us! We would be honored if you would share our wonderful investment opportunities with your friends, family, and colleagues.
We have several exciting investment options:
|
|
Grace Point Church, Haslet, Texas
By Pastor Brent & First Lady Jennifer Foster
|
It started as a humble home bible study in our home in 2009. The study continued to grow over the next couple years, and in October 2011, Grace Point officially launched as a daughter work church from Life Tabernacle UPC of Fort Worth, Texas. We rented a room from the Roanoke Recreation Center and started having Sunday Worship Services, with all that using a rented facility entailed! We hauled and set-up sound and media equipment, set-up and tore down chairs, and hosted a meal each service that first year in the Rec Center. However, since the Rec Center was closed on holidays, we had to host holiday services in our home still. But this didn’t stop us from ever having church! Our Easter service in our home in 2013 saw thirty-three members come for worship, an egg hunt, and a fellowship meal.
Each year or so, we continued to outgrow locations. This meant we had to move to another facility to host services and mid-week bible study. With most of our locations, we were still setting up and tearing down each service. Then in July 2014, we were blessed to receive North American Missions status as a church plant. This opened new doors to us with rent assistance and Sheaves For Christ and Christmas For Christ grants. We were even able to purchase 1.5 acres of land in Haslet, Texas in December 2017.
The cost of construction in the area was sky-rocketing, and the idea of a building project seemed overwhelming. However, we had heard a representative from the UPCI Loan Fund speak at several meetings, and we were intrigued by the program. We are so glad we checked it out, because the loan process turned out to be very smooth and professional. Each representative we encountered was gracious and easy to work with. Once we closed on our UPCI Loan Fund financing, Grace Point Church was able to construct a Church-In-A-Day building with the North Texas District on October 21, 2018.
The congregation is experiencing revival, and we have had four souls receive the Holy Ghost and three get baptized in February 2019 alone! We have also added four new families to the congregation since January 2019. Plus, we are pleased to say that our first home bible study attendee from back in 2009 is still working within Grace Point Church today. One seed can grow so much when placed in the Master’s capable hands.
Grace Point Church wants to thank everyone at the UPCI Loan Fund for their commitment to grow the Kingdom. And we thank God for the UPCI Loan Fund investors and team, as they assisted us in obtaining our dream church building
|
|
The Grace Point Church Family!
|
|
Exterior of the new Grace Point Church
|
|
The Church Loan Fund is excited to offer Stewardship Campaigns as one of our newest services for the congregations of the United Pentecostal Church International. A Stewardship Campaign can assist your church in many ways, but especially if you are wishing to launch a building fund project or a debt reduction program. Our Campaign team can help you put together a plan, timelines, graphic design, and assist in presenting the overall vision to your church family. A Stewardship Campaign could truly change the climate of giving and saving in your congregation and propel you towards the future.
We even offer special financing options for the Campaign costs.
Contact us today for more information or visit our
website
to fill out the Campaign Information Form!
|
|
United Pentecostal Church Loan Fund | 636.229.7949 | info@upciloanfund.org |
upciloanfund.org
|
|
|
|
|
|
|
