Invest in the Church Loan Fund
Thank you for your interest in the North Texas District Church Loan Investment Program.
Effective January 1, 2016, The Church Loan and Investment Fund is opening new accounts for one-year Certificates of Deposit earning interest at 2.75% A.P.R. The minimum amount to open a new Certificate of Deposit is $1,000.00. In addition, in order to keep your certificate with The Church Loan and Investment Fund open, you must maintain a minimum balance of $1,000.00. Subsequent deposits for new and current investors cannot be made to existing accounts that are earning more than the current interest rate. Rates on all existing money are reviewed in December of each year and set for the following calendar year.
Currently, the maximum amount that may be invested by an individual investor is $10,000.00 per month. This maximum threshold is re-evaluated and approved by our Executive Presbytery on a monthly basis.
Your Certificate of Deposit is not an insured account. In addition, we do not offer a qualified retirement account for investment at this time. All interest earned on your investment will be reported to the Internal Revenue Service on an annual basis and provided to you on Form 1099-INT. As a result, we will need a completed Form W-9 on file.
An application and Form W-9 can be downloaded below. Should you choose to proceed, simply complete the forms and return them to our office with your investment check made payable to the “North Texas District Council of the Assemblies of God”.
Should you have additional questions, please feel free to contact us at:
Church Loan Fund
North Texas District Council Assemblies of God
PO Box 838
Waxahachie, TX 75168-0838
817-284-4856 (office) – 817-824-9891 (fax)