Investments^

MIF investment products offer flexible terms and highly competitiveinterest rates. But our investments do more than simply grow your savings;they also help grow our church by providing loans to ELCA congregationsand ministries.

TERM INVESTMENTS

FIXED RATE / $1,000 minimum investment. / This account is like a CD, with a competitive, fixed rate of return and terms ranging from 1 to 6 years.

ADJUSTABLE RATE / $1,000 minimum investment. / Competitive rates and terms ranging from 3 to 7 years, with the option to add to principal for longer-term investments.

TERM INVESTMENT GRAND, FIXED RATE / $250,000 minimum investment. / Enjoy a higher rate with a larger investment. / Terms of 1, 2 and 3 years.

DEMAND INVESTMENTS

WITH CHECK WRITING / $100 minimum investment. / Invest as little as $100 in this account, which offers unlimited check writing and a higher rate of return. A debit card is available to individuals.

NO CHECK WRITING / $100 minimum investment. / Similar to a savings account in its rate of return, this offers an easy way to build your savings. Add to it at any time.

YOUTH MINISTRY / $100 minimum investment. / An easy way for congregations to save for youth events while earning interest.

RETIREMENT SAVINGS ACCOUNT

Reap tax savings when you hold a Term Investment or Demand Investment account as a Traditional or Roth IRA

MIF4KIDS INVESTMENT

ADJUSTABLE RATE / $50 minimum investment. / The ideal special-occasion gift, this investment is specifically designed for children. Adults can purchase the investment before a minor’s 16th birthday. The investments mature at the age of majority of the minor, generally either 18 or 21, as defined by the Uniform Transfer to Minors Act in the state listed as the address of the minor.

HEALTH SAVINGS ACCOUNT

WITH CHECK WRITING / $100 minimum investment. / Compatible with High-Deductible Health Plans, this investment pays for health care costs with pre-tax dollars and provides debit-card convenience.

EDUCATION ACCOUNT

Hold any Term Investment or Demand Investment No Check Writing account as a Coverdell Education Savings account. Open the account with as little as $100 and make additions to principal at any time.

LOANS

The Mission Investment Fund uses investors’ dollars to finance capital projects for ELCA congregations and ministries, including new buildings, additions, renovations, accessibility projects, “green” initiatives and land purchases. MIF’s loan rates are highly competitive compared to other financial institutions, leading congregations and ministries to refinance their existing loans with MIF. And MIF is often the only place where mission-start ELCA congregations can obtain the financing they need. Because we are a ministry of the ELCA, we also offer a wealth of expertise in church building and church finance that other financial institutions simply don’t have.

loans for established congregations

ADJUSTABLE-RATE LOAN (ARM) For loans of $100,000 or more, with an amortization period of up to 25 years and interest-rate adjustments at 1, 3, 5 or 7 years.

FIXED-RATE LOAN A fixed rate for loans of $100,000 or more, with up to a 10-year amortization.

LOANS FOR SMALLER PROJECTS A loan for additions and renovations—smaller-sized projects with loan amounts up to $100,000, with up to a 10-year amortization; fixed and adjustable rates are available.

LOANS FOR NEW-START CONGREGATIONS

Available to ELCA new-start congregations at reduced rates to purchase land or to construct or purchase their first church building, with a 13-year term and 15-year maximum amortization.

loans for elca-related ministries

For capital projects for social ministry organizations, outdoor ministries, seminaries, colleges and universities, and other ELCA-related ministries, with a maximum amortization of 25 years.