Certificates are available for purchase only if (1) prior to receiving an Offering Circular, you were a member of, a contributor to (including an investor), or a participant in the North American Baptist Conference (NAB Conference), Church Investors Fund or in any program, activity, or organization that is a part of the NAB Conference or Church Investors Fund, or (2) you are an ancestor or descendant of such a person. Institutional Certificates and Building Fund Certificates are available only to NAB Conference affiliated organizations, such as churches, schools, camps and nursing homes. Certificates are not available in all states.
Is my investment in a Church Investors Fund Certificate secure? Is Church Investors Fund insured by the FDIC?
Church Investors Fund Certificates are not F.D.I.C. or S.I.P.C. insured, nor are they guaranteed by the NAB. To understand the potential risks of a Church Investors Fund investment we encourage you to read our Annual Report/Offering Circular and the Protecting Your Investments section.
Upon maturity, Certificates may be extended or rolled over under the expressed terms and conditions stated in the then current Offering Circular. Each investor is provided with written notification of the maturity at least 30 days prior to the Certificate’s maturity date via mail. If the investor notifies Church Investors Fund prior to the maturity date that they elect not to extend or rollover a Certificate, the principal amount of the Certificate with accrued and unpaid interest to the date of repayment will be paid to the Certificate holder within 60 days of the Certificate’s maturity. If redemption is not requested, the Certificate will rollover on the same terms and conditions as the matured Certificate, and the renewed Certificate will earn interest at the rate in effect on the date of the rollover.*
*In California and Oregon, investors need to inform Church Investors Fund if they intend to renew their investments. If you neither renew nor redeem your Certificate, your funds, as of the date of your Certificate’s maturity, will be treated and earn interest as if they are invested in a Foundation Certificate, which is redeemable on demand without penalty.
*In Louisiana, investors need to inform Church Investors Fund if they intend to renew their investments. If renewal is not requested, investor’s funds will be promptly returned.
Church Investors Fund Foundation Certificate funds may be redeemed at any time without penalty. Term Certificates that are prematurely redeemed will be assessed a 2% penalty on the amount withdrawn if it is more than one year from maturity. The penalty reduces to 1% if withdrawn within one year from maturity and 0% if withdrawn within three months from maturity.
Church Investors Fund can send you a check of the interest earned on Term Certificates on a monthly, quarterly, semi-annual or annual basis. Of course, interest can also be rolled back into the investment. Interest is compounded daily on the outstanding balance.
In order to avoid having to deal with lost Certificates, Church Investors Fund has moved to a book entry system. From now on, you will no longer receive a Certificate. Instead, you will receive a letter from us stating how much you invested, at what rate and for how long.
Yes, we provide investments in the name of trusts.
Yes, in fact this can be more efficient. Also, we can arrange to accept funds regularly if you like; also, if you prefer, we can electronically deposit interest due to you instead of writing a check.
Unfortunately not – unless these funds are first rolled over into an IRA. Church Investors Fund does offer IRAs.