Help Your CELF (Church Extension Loan Fund)

By Kenneth Akers

The recent months have made us aware that we live in uncertain times, but the reality is life is always uncertain. The recent downturn in the economy and subsequent decrease in the stock market has hit many investors hard. Some have even begun looking for other options for safer investing.

The Church Extension Loan Fund (CELF) from North America Ministries is a great option. CELF has guaranteed returns, because all the investments are in real property secured through loans to churches and ministries. Receive an interest rate of 2.5%, with an investment as little as $500, with a maximum 4% return on investments of $100,000 or more.

What is CELF?

CELF is a fund from which Free Will Baptist churches can borrow money for buildings or properties. The funds reflect money invested in the program by Free Will Baptist people and churches.

Here is how CELF works: you invest any amount over $500 in the program. In return, you receive a good rate of interest on your money. The money is then loaned to churches and ministries, and the church repays the loan with a competitive rate of interest. Interest on your investment will be paid monthly or compounded, whichever you choose, with no penalty for early withdrawal. (Although a 30-day notice is requested.)

The CELF Investment Program affords you an opportunity to help churches get much-needed loans while at the same time earning guaranteed interest on your investment. Through the CELF program, investors help North American Ministries establish new churches across North America.

Is CELF Secure?

Investors often ask about the security of CELF. Our bank is stable with a consistent five-star rating. CELF has a 38-year track record, with proven longevity through several difficult financial downturns.

When investing with CELF you are investing in ministry. Your money will be invested in a conservative program, with 85% to 90% of total assets loaned out to churches across America. CELF holds first mortgage on all properties for more than the amount of the loan. Ten to 15% of total assets are kept on hand in checking accounts, money market accounts, and certificates of deposit. No funds are ever invested in stocks or bonds.

CELF currently holds assets of over $78 million.

If you have questions about the CELF program, please contact Ken Akers (ken@nafwb.org) or visit the CELF page at www.fwbnam.com for an application. The investment program is open and accepting investments.

About the Writer: Ken Akers is CFO of North American Ministries and director of Master’s Men.