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October 2013

On the Move

Dear Friends, Welcome to the October issue of On the Move. We are now into the fall months of the year and there are numerous activities occurring in many of our churches. This month the pastors of our district will be gathering in conference and our prayers go with them as they spend time in study, prayer, and time of mutual support. October is also a month that Lutheran Church Extension Fund (LCEF) promotes its support for the ministry of our pastors, educators, Directors of Christian Education and the like. For more than a decade, LCEF has provided loans to Rostered Church Workers to purchase homes or refinance debt on a home. LCEF also provides home equity loans that allow these servants to utilize the equity in their homes for other purposes. LCEF is also working with workers who have student loan debt to assist them in consolidating debts and developing the best possible means to repay these loans. Your investment in LCEF helps support these efforts. More information about these programs is found on page two of this newsletter. LCEF continues its promotion of the Y.I. Club. The Y.I. Club is an effort to connect with young people (and their families) so that they can save for the future and learn more about Christian stewardship principles. News about the Y.I. Club will become a regular feature on page three of this newsletter. I am also happy to report that some of the activities in our congregations include LCEF loans and services. Several of our congregations are currently in the process of constructing or remodeling facilities utilizing an LCEF loan. Others are planning for future building by consulting with a member of LCEF’s Architectural Advisory Committee. LCEF’s Capital Funding Services is currently working with several congregations in order to generate funds for building projects to reduce the amount that will need to be borrowed. Other congregations are using LCEF Ministry Support to lay plans for the future. At the District level, congregations are utilizing Consecrated Stewards to reinforce Christian stewardship principles and others are studying demographic information provided by LCEF in order to better know and serve their local community. It is certainly an exciting time and LCEF is poised to assist congregations in ministry in so many ways. Again, your investment in LCEF makes so many of these loans and services possible. Thank you again for your past, present, and future support of LCEF. In HIS Service, Dennis Klussman LCEF Vice President


Featured Loans: LCEF Loans to Rostered Church Workers

Lutheran Church Extension Fund (LCEF) provides personalized loan assistance and advice to rostered church workers and ministries of The Lutheran Church—Missouri Synod (LCMS). Since we understand the importance of doing the Lord’s work, we strive to provide attentive service and loans with terms that best meet your needs. LCEF’s residential, consolidation and home equity loans are available for ordained LCMS ministers (active or emeritus status) and rostered commissioned teachers, Directors of Christian Education, Directors of Christian Outreach, etc. The features of each include: Residential Loans — low down payments, no private mortgage insurance requirements, refinances and competitive rates. Consolidation Loans — combine education debt, credit cards, taxes, auto repairs, etc., into a monthly payment at a competitive rate. Home Equity Loans — fixed interest rate to cover large-scale purchases, renovations or consolidating higher-rate debt. By using LCEF, pastors, educators, and other rostered workers join a circle of investing and borrowing that perpetuates the sharing of the Gospel. Find out how LCEF can help at lcef.org. LCEF is a nonprofit religious organization; therefore, LCEF investments are not FDIC-insured bank deposit accounts. This is not an offer to sell investments, nor a solicitation to buy. LCEF will offer and sell its securities only in states where authorized. The offer is made solely by LCEF's Offering Circular. Investors should carefully read the Offering Circular, which more fully describes associated risks. Lutheran Church Extension Fund-Missouri Synod (NMLS# 3444). For more information on LCEF’s lending license, go to lcef.org/loans/state_disclosure.cfm. Page 2


LCEF’s Y.I. Club Where saving money is fun... and helps others learn about Jesus.

Sharing the principles of good stewardship with your children is important. As stewards, we are responsible to God for all we are and have, including our financial resources. Being a good steward involves sharing, saving and spending money. With LCEF's Young Investors (Y.I.) Club, you will help your child save for the future and empower ministry. Join the Y.I. Club with a Y.I. StewardAccount® with an investment of just $25 to open the Y.I. StewardAccount®, your young investor becomes a Y.I. Club member with special fun activities that grow with three different age levels. Y.I. StewardAccount® Features:  Minimum of $25 to open account  Premium interest rate on balances up to $1,000 (Sept. 2013 3.50% with an APY of 3.557%) with competitive interest rates on balances above $1,000 (currently 0.875%, APY 0.879%)  Savings grow with the child, but are accessible  Checks and debit card available to custodian  Debit card available at age 16  Interest compounded and paid monthly  Make additional investments with checks or Y.I. Stamps For more information about LCEF’s Y.I. Club or to download an application, visit lcef.org. LCEF is a nonprofit religious organization; therefore, LCEF investments are not FDIC-insured bank deposit accounts. This is not an offer to sell investments, nor a solicitation to buy. LCEF will offer and sell its securities only in states where authorized. The offer is made solely by LCEF’s Offering Circular. Investors should carefully read the Offering Circular, which more fully describes associated risks. LCEF StewardAccount® access features provided through UMB Bank n.a. The StewardAccount® is not available to investors living in South Carolina.

Page 3


Current LCEF Loan Rates Congregations (Loans Amortized Up To 20 Years): Annually Adjusted Loan: (Loans > $2 Million Adjusted Monthly)

4.250%

Five Year Balloon Note

4.750%

Ten Year Balloon Note

5.125%

Construction Rate is 1% Higher During Construction Period 1% Loan Origination Fee Rostered Church Worker Mortgage Loans (Loans Amortized Up To 30 Years): Five Year Adjustable Rate Loan (10% down payment):

3.250% - 3.750%

Ten and Fifteen Year Fixed Rate Loan (10% down payment):

3.625% - 4.375%

Final Interest Rate Based Upon Down Payment and Credit History

On The Move

A Monthly Newsletter of the Missouri District LCEF Contacts:

Dennis Klussman, District Vice President Email: Dennis.Klussman@lcef.org

Mailing Address:

660 Mason Ridge Center Drive #100 St. Louis, Missouri 63141

Telephone:

314-590-6207

For additional information, visit the LCEF website lcef.org or call 800-843-5233. LCEF is a nonprofit religious organization; therefore, LCEF investments are not FDIC-insured bank deposit accounts. This is not an offer to sell investments, nor a solicitation to buy. LCEF will offer and sell its securities only in states where authorized. The offer is made solely by LCEF’s Offering Circular. Investors should carefully read the Offering Circular, which more fully describes associated risks. Lutheran Church Extension Fun — Missouri Synod (NMLS# 3444). The National Office is located at 10733 Sunset Office Drive, St. Louis, MO 63127-1020. Phone number: 800-843-5233. Website: lcef.org

Page 4


October 2013

Investment Interest Rates Floating Term Notes

StewardAccount® Certificate

800-843-5233 lcef.org

Minimum Investment

10733 Sunset Office Drive Suite 300 St. Louis, MO 63127

Rate

APY

$100

--

0.250%

0.250%

$1,000

--

0.375%

0.376%

$5,000

--

0.500%

0.501%

$10,000

--

0.750%

0.753%

Fixed Term Notes

Minimum Investment

Rate

APY

6 Month 9 Month 1 Year

----

0.125% 0.250% 0.375%

0.125% 0.250% 0.376%

18 Month

--

0.500%

0.501%

2 Year

--

0.625%

0.626%

3 Year

--

0.875%

0.878%

4 Year

--

1.000%

1.004%

5 Year

--

1.250%

1.256%

IRA Dedicated Certificate Minimum Investment

$100

--

Rate

APY

0.250%

0.250%

$1,000

--

0.375%

0.376%

$5,000

--

0.500%

0.501%

$10,000

--

0.750%

0.752%

(30 Month)

5 Year (60 Month)

APY

Minimum Investment

3.500%

3.557%

$25

0.875%

0.879%

Rate

$25-$999 $1,000 and over

2½ Year

Rate

APY

--

0.350%

0.350%

--

0.800%

0.802%

Family Emergency StewardAccount Certificate

Y.I. StewardAccount (Minimum Investment $500)

(Minimum Investment $100)

--

Rate

APY

0.875%

0.879%

Balances of <$10,000 require monthly electronic investments

Portion of balance > $999.99 earns second tier rate.

HSA FlexPlus Certificate Minimum Investment

Dedicated Certificate Minimum Investment

Rate

APY

Rate

APY

$1

--

0.625%

0.627%

0.250%

0.250%

$2,500

--

1.125%

1.131%

Custodial accounts for minors: $25

$5,000

--

1.500%

1.510%

$1,000

--

0.375%

0.376%

$15,000

--

2.125%

2.146%

$5,000

--

0.500%

0.501%

$100

--

IRA Jumbo Notes (Minimum Investment $100,000)

Rate

APY

5 Year Fixed

--

1.625%

1.635%

60 Month Floating

--

1.175%

1.180%

Cemetery Perpetual Care StewardAccount Certificate Rate

APY

$1,000

--

0.500%

0.501%

$25,000

--

0.625%

0.627%

$50,000

--

0.750%

0.753%

$100,000 +

--

1.000%

1.005%

Congregation Endowment Note

Congregation Endowment Note

Congregation Certificates

(60-Month Floating)

(5-Year Fixed)

(Minimum Investment $100)

Minimum Investment

Rate

APY

Minimum Investment

Rate

APY

$1,000

--

1.175%

1.180%

$1,000

--

1.175%

1.180%

$10,000

--

1.300%

1.306%

$10,000

--

1.300%

1.306%

$100,000

--

1.425%

1.433%

$100,000

--

1.425%

1.433%

Demand

--

Rate 0.250%

APY 0.250%

StewardAccount® Certificates $100

--

0.500%

0.501%

$250,000

--

0.625%

0.627%

$500,000

--

0.750%

0.753%

$1,000,000 +

--

0.875%

0.879%

LCEF StewardAccount access features provided through UMB Bank n.a. The StewardAccount is not available to investors living in South Carolina. LCEF is a nonprofit religious organization; therefore, LCEF investments are not FDIC-insured bank deposit accounts. This is not an offer to sell LCEF investments, nor a solicitation to buy. LCEF will offer and sell its securities only in states where authorized. The offer is made solely by LCEF’s Offering Circular. Investors should carefully read the Offering Circular, which more fully describes associated risks.


On The Move - October 2013