Posted:
3/4/10
Financial Information
- At the close of calendar year 2008, the Fund had a total of $98.8 million in outstanding loans to a total of 130 conference churches and ministries.
- Of the $98 million, nearly $20 million is represented in loans made in calendar year 2008.
- The Fund’s total assets increased 8.1% to $122 million in 2008.
- New Certificate sales were up 54.2% from 2007 to $32.2 million, representing the strongest year of Certificate sales to date. The Fund’s certificate renewal rate is 91%.
- The Fund maintains a policy requiring on-hand at all times cash and marketable securities representing at least 8% of the aggregate principal balance of the Fund’s outstanding Certificates.
- Overhead and Operating costs are kept to a minimum in order to ensure the Fund’s ability to deliver competitive rates compared to like term investments in the general market.
- The Fund’s investment portfolio is overseen by a Board of Directors and is managed by professional investment counsel.
If you are considering an investment with the Fund and need more information, please contact us at 800.323.4215.
For annual financial statements click here.
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