june 2013 lcef on the move

June 2013 Dear Friends, Welcome to the June issue of On the Move. It is hard to believe that we are already nearing the midpoint of the year. Schools have either finished for summer break or will be doing so very soon. Thoughts are turning to vacations and other summer activities. I pray your time will be blessed. June also marks a very important month for Lutheran Church Extension Fund (LCEF). It is during this month that we celebrate another year of God’s blessings on LCEF as an organization and all that it does in support of congregations, Rostered Church Workers, and other ministries of the LCMS. This year, LCEF is celebrating its 35th anniversary and we offer our pledge to continue our service as a servant partner offering loans to congregations, schools, Recognized Service Organizations, and Rostered Church Workers, as well as a variety of Ministry Support resources for use by ministries throughout the church. Speaking of Rostered Church Workers, please join me in praying for all those who are completing their studies at our seminaries and universities and will be entering their ministries as pastors, teachers, Directors of Christian Education, and other professional positions. Many of these servants of the Word will be relocating to the community they will be serving and will use an LCEF loan to purchase a home in the area. I could share story after story from workers throughout the LCMS who would never have had the opportunity to purchase a home without the help of LCEF. Your investment in LCEF provides funds for loans not only to new pastors and teachers, but for all who serve our congregations and schools in a rostered position. The third Sunday in June (this year June 16) is traditionally recognized as Father’s Day. I want to take an opportunity to commend all fathers who diligently seek to provide for their families and provide guidance and leadership (especially spiritual leadership) in their family units. I pray that God will give each of us who serve as fathers a special measure of wisdom, discernment, patience, and love as we do all we can to meet the physical, emotional, and spiritual needs of those entrusted to us as family members, Thanks again for your past, present, and future support of LCEF. In HIS Service, Dennis Klussman LCEF Vice President

On the Move

Bethlehem Lutheran Church Partners with LCEF to Build More Houses in North St. Louis

Since 2004, Bethlehem Lutheran Church in North St. Louis (through its Better Living Communities affiliate) has been building new homes in its community. Phases 1 – 3 of the project (known as Salisbury Park) resulted in the construction of 56 homes in the area surrounding the church. All of these homes are still occupied, most by long-term residents. Many of the families that live in these homes now have some connection to the church either by attending services, sending their children to Better Learning Communities Academy (a charter school that operates at the church), or participating in one of the education programs offered by the church. Nine families now are members of Bethlehem Lutheran Church including ten individuals who were confirmed and ten who were baptized. As a direct result of the efforts put forth by Bethlehem Lutheran Church, more than fifty homes were also built by other developers in the area. Work recently began on 40 additional homes in the neighborhood. The new homes (under the name Bremen Homes) will virtually complete a nine-block transformation of the area around Bethlehem Lutheran Church. Construction is being led by E.M Harris Construction Company and is being financed by a construction loan provided by Lutheran Church Extension Fund. The Missouri Housing Development Corporation and the St. Louis Equity Fund (a consortium of major St. Louis Corporations) are providing a significant level of capital for the project and the City of St. Louis is upgrading infrastructure in the area. In 2010, Bethlehem Lutheran Church was recognized by LCEF as the recipient of the Fred E. Lietz Mission Project Award. Needless to say, the award only fueled the desire of church leaders to move forward with additional efforts to revitalize the Hyde Park Neighborhood surrounding the church. LCEF is a proud partner in this venture and is grateful to God and all involved in this exciting project.

Did You Know?

Thankful for 35 Years

Did you know that your LCEF investment provides funds for housing loans for Rostered Church Workers? For more than ten years, hundreds of pastors, teachers, DCEs, and other Rostered Workers have been able to purchase homes with the assistance of an LCEF loan. Call (800) 843-5233 or visit lcef.org for more information of becoming an LCEF investor.

The Blurb (for use in church bulletins, newsletters, etc.)

This month, LCEF celebrates 35 years of partnership with the Lutheran Church – Missouri Synod and its districts, congregations, and schools. During that time, LCEF has provided loans for place and space for churches and schools; housing and debt consolidation loans for Rostered Church Workers and Ministry Support for numerous congregations. All of this happens under God’s grace and as a result of your investment. Please call 1-800-THE-LCEF (843-5233) or visit www.lcef.org for more information about how you can support LCEF in these efforts.

Lutheran Church Extension Fund (LCEF) is grateful to God for 35 years of investments that empower Kingdom work.

Incorporated in 1978, LCEF is a continuation of the Synod's and member district’s service to the LCMS. Your ministry has a servant partner it can turn to for expert advice, caring assistance and a kindred mission to serve the Lord and share the Gospel of Jesus Christ. LCEF provides low-cost funding to build Lutheran congregations, schools, camps, child-and elder-care facilities, as well as rostered church workers for homes and debt consolidation. It is also a respected leader in LCMS-oriented vision planning, capital fundraising, stewardship programs and facility construction and maintenance. Together, LCEF and your organization are empowered now and for the future. Call 800-843-5233 or visit lcef.org.

http://www.lcef.org

http://www.lcef.org

Current LCEF Loan Rates

Congregations (Loans Amortized Up To Twenty Years): Annually-Adjusted Loan: 4.250% (Loans > $2 Million Adjusted Monthly) 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 Thirty Years): Five Year Adjustable Rate Loan (10% down payment): 2.875% - 3.375% Ten- and 15-year Fixed Rate Loan (10% down payment): 3.125% - 3.625% 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 E-Mail: [email protected] Mailing Address: 660 Mason Ridge Center Drive #100 St. Louis, Missouri 63141 Telephone: (314) 590-6207 For additional information, visit the LCEF website www.lcef.org or call (800)-843-5233.

Dedicated Certificate

Minimum Investment Rate APY

$100 -- 0.250% 0.250%

Custodial accounts for minors: $25

$1,000 -- 0.375% 0.376%

$5,000 -- 0.500% 0.501%

IRA Jumbo Notes (Minimum Investment $100,000)

Rate APY

5 Year Fixed -- 1.625% 1.635%

60 Month Floating

-- 1.175% 1.180%

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.

Congregation Endowment Note (5-Year Fixed)


$1,000 -- 1.175% 1.180%

$10,000 -- 1.300% 1.306%

$100,000 -- 1.425% 1.433%

StewardAccount® Certificate


$100 -- 0.250% 0.250%

$1,000 -- 0.375% 0.376%

$5,000 -- 0.500% 0.501%

$10,000 -- 0.750% 0.753%

IRA Dedicated Certificate


$100 -- 0.250% 0.250%

$1,000 -- 0.375% 0.376%

$5,000 -- 0.500% 0.501%

$10,000 -- 0.750% 0.752%

HSA FlexPlus Certificate


$1 -- 0.625% 0.627%

$2,500 -- 1.125% 1.131%

$5,000 -- 1.500% 1.510%

$15,000 -- 2.125% 2.146%

Family Emergency StewardAccount Certificate


$25 -- 0.875% 0.879%

Balances of <$10,000 require monthly electronic investments

Investment Interest Rates

JUNE 2013

Congregation Certificates (Minimum Investment $100)

Rate APY Demand -- 0.250% 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%

Congregation Endowment Note (60-Month Floating)


$1,000 -- 1.175% 1.180%

$10,000 -- 1.300% 1.306%

$100,000 -- 1.425% 1.433%

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%

Floating Term Notes (Minimum Investment $100)

Rate APY 2½ Year (30 Month) -- 0.350% 0.350%

5 Year (60 Month) -- 0.800% 0.802%

Fixed Term Notes (Minimum Investment $500)

Rate APY 6 Month -- 0.125% 0.125% 9 Month -- 0.250% 0.250% 1 Year -- 0.375% 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%

800-843-5233 lcef.org

10733 Sunset Office Drive

Suite 300 St. Louis, MO 63127

june 2013 lcef on the move

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