The Christian Reformed Church Loan Fund celebrated its 25th anniversary this year. Established by Synod 1983, the Loan Fund makes loans available to Christian Reformed congregations in the U.S. to buy or build a church facility or parsonage, to purchase land, or to make improvements or repairs to existing property.
The Loan Fund does not solicit gifts or receive ministry shares. Its only source of funds is investments made by individuals, Christian Reformed congregations and classes, and other CRC-related organizations. The Loan Fund pays excellent interest rates on investments and uses the investments to help churches meet their facility needs.
Fiscal year 2007-2008 was a year of continued growth for the Loan Fund. Net revenue from ordinary sources reached an all-time high. Commitments totaling $6.4 million were made for new loans, and more than $4.3 million in loans to 10 churches were closed. Additional investments are needed to meet the continuing demand for loans.
Loans were made for a variety of purposes. New Hope Church in Spokane, Wash., purchased a vacant home adjacent to its property to use for offices and church ministries. Heartland Community Church in Sioux Falls, S.D., purchased its first worship facility from an RCA congregation. Han Bit Korean CRC, Rochester Hills, Mich.; Bethel CRC, Princeton, Minn.; Hanley CRC, Grandville, Mich., and Sunlight Community, Port St. Lucie, Fla., built additions to existing worship facilities.
The CRC Loan Fund is able to help these and many other churches only because many members and churches make investments in the Loan Fund. You can become part of this unique ministry. Contact us or check our website for more information.
This information does not constitute an offer to sell or a solicitation of an offer to purchase.
Offers will be made only by the offering circular in those jurisdictions where it is lawful to make such an offer or solicitation of an offer.
Investments in the Loan Fund involve risks more fully disclosed in the offering circular.
Carl Gronsman, director
800-332-0012 or 616-224-0829