Posts tagged ELCA Mission Investment Fund
Mission Investment Fund (MIF) raises rates on Term and Demand Investments

Demand Investments are now earning as high as 2.50% APY*. These Demand Investments allow you add and withdraw funds from your savings whenever you like. To open a new account, visit us at mif.elca.org or call 877-886-3522.

At the same time it’s helping you build your savings, your investment in the Mission Investment Fund will help fund loans to ELCA congregations and ministries so they can continue doing God’s work in the world. That’s two compelling reasons to connect with MIF.

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2022 Mission Investment Fund synod assembly report

Read the 2022 Mission Investment Fund synod assembly report as a PDF and watch a report video.

“The Mission Investment Fund, a financial services ministry of the ELCA, provides a strong, stable, faith-based way for individuals, congregations, and ministries to achieve their financial goals. We put investments to work to fund building and renovation loans for congregations and partner ministries, including social service agencies and outdoor camps.”

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Paycheck Protection Program loans available through the ELCA Federal Credit Union

With partnership and support from the Mission Investment Fund of the ELCA, the ELCA Federal Credit Union (FCU) is now offering the second round of Payroll Protection Program (PPP) loans to congregations and ministries.

To review eligibility requirements and apply for a PPP loan, please visit the ELCA FCU’s website, www.elcafcu.org/PPP. The ELCA FCU will be accepting loan applications through March 31, 2021, or until funding is exhausted.

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Emergency savings program available for rostered ministers

Two Savings Matching programs through the ELCA’s Resourceful Servants initiative address financial challenges being experienced by rostered ministers, namely a lack of emergency savings and a lack of retirement savings.

These programs partner with rostered ministers to encourage a habit of saving by providing matching funding to more rapidly grow savings and retirement accounts. The due date to complete the process is October 15, 2020.

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