October 2021
Fall Newsletter

Total Active Investment Dollars : $85.6 M
Total Active Investments : 1,078
Total Assets : $91.3 M
Total Active Loans : 176
Total Active Loan Dollars : $67.1 M
Loan Apps Received in 3rd Quarter : 14
President's Corner
The 76th General Conference of the UPCI has just taken place in Indianapolis as this newsletter is distributed. The number of people registered to attend was higher than in the past several years. I believe perhaps some of this could be due to the fact that most are ready to worship together again after this long season of the COVID-19 pandemic.  

As we enter our eleventh year as a Loan Fund, we are happy to report that even during the COVID-19 crisis we have never had a default in one of our loans. Frankly, this is remarkable and shows how our churches and members believe in God’s Word for provision. Furthermore, requests for new church loans continue to be strong and our pipeline has over 50 churches in the process for a loan. Clearly there is revival in our churches and growth in attendance, causing our churches to need either new, enlarged, or remodeled facilities. This is indeed a testimony to God’s blessings on the United Pentecostal Church International.

Our audit is complete and once again (for the seventh year in a row) we had no deficiencies. For those who have any experience with CPAs and audits you know that this is an incredible achievement. We give our wonderful staff all the credit for their hard work for this to be accomplished. You can request your copy through our office or download it here

As of closing out this quarter we now have $91.3 million in total assets, up from $71.6 million a year ago. Thank you for being an investor in the fund and believing in our mission. To God be all the glory! 

Stephen M. Drury, President
Investment Options
We know that you have many choices for investment in the world, but when you invest with us, you invest in the Kingdom. To date we've loaned out over $100 million to UPCI congregations across the United States. Helping these churches grow their reach and impact is our heartbeat, and we couldn't do it without you. Check out these investment opportunities below:

>Standard Certificates - Lock in your rate for 1, 3, or 5 years!

>Individual Retirement Accounts - Save for retirement!

>Coverdell Education Savings Accounts - Be ready for college expenses!

>Kingdom Impact Accounts - Flexible demand certificate!

>10-Year Anniversary Certificate - 10-month term special locked at 2.10%! New or current investors, $1K minimum, $100K maximum. Ends December 31st!
>Kingdom Growth Certificates - 18-month term locked at 2.25%! New investors only, $1K minimum, $10K maximum deposit. Contact us for more info!
Church Highlight
Life Tabernacle

By Pastor Robert Mahuron

Ecclesiastes 11:5 states, “As thou knowest not what is the way of the spirit, nor how the bones do grow in the womb of her that is with child: even so thou knowest not the works of God who maketh all.” It has been said many times that God works in mysterious ways. This was surely the case in the beginning of Life Tabernacle Church’s (LTC) building program. You see it all began with two runaway horses...
The church in Barnwell, South Carolina was established in the 1970s and the first original church building was located on Clinton Street. After many years of use, the building began to need substantial repairs. The church was not financially able to take on a remodeling project. In 1988, a smaller building was located, a lease was signed, and the church moved a few miles outside of town. Although LTC was glad to be out of a building in which it rained more on the inside than it did outside, the building was too small and not meeting the needs of the church body. In early 1990, a church building located at the opposite end of Clinton Street came up for sale and the congregation was able to purchase it. This building served the congregation for many years but as the church grew it also became too small. Realizing the need for more space, Pastor Mahuron drew up plans for a new facility, presented it to the congregation, and Life Tabernacle began a building fund program.
Now back to the runaway horses…
In between these two church buildings on Clinton Street was 450 acres owned by two Florida businessmen who were acquaintances of Pastor Mahuron. Pastor Mahuron had reached out to them on several occasions making requests to purchase acreage on which to build a new church. Each time they declined stating that it was not their desire to sell the land in parcels. 
A few years passed and one day Pastor Mahuron and his youngest son were riding horses in a tree farm located near their home. These horses that were normally calm but suddenly became unruly, bucked their riders onto the ground, and went galloping through the tree farm. Unbeknownst to Pastor Mahuron, the two businessmen from Florida were visiting and had stopped by the tree farm. As the search for the horses commenced, they came upon the businessmen. After cordially greeting one another, the question was asked, “Hey, is your church still interested in purchasing some property?” With that question began the agreement to sell LTC nine acres of land on which to build a new church! Was it coincidence that those horses bucked their riders that day? Not hardly, it was the work of their Maker!
Within two years the land was paid for and the church moved forward with building plans. Pastor Mahuron's drawings were submitted to architects and official blueprints were drawn and submitted to local city officials. City officials denied the plans as submitted and required more engineering reviews and redrawing of blueprints. Finally after two years, LTC was given the approval to begin building.
Through many monetary donations by citizens of the community and giving saints, LTC was able to progress the construction beyond the dry-in and mechanicals phase. At this point, a local bank was approached for a new construction loan. It was March 2020, three months into the processing of the loan, close to the approval stage, when Pastor Mahuron was notified that all commercial loans were closed due to COVID-19. The bank was apologetic, but there was nothing that could be done. God had other plans though and He was still working!
The local district superintendent was aware of the situation and referred LTC to the United Pentecostal Church Loan Fund. A representative attended the South Carolina District Conference in June 2020 and Pastor Mahuron was able to learn more about the program. Within a month and a half, a loan application was submitted and LTC had been approved! 

A word from LTC:
We held our first service in our beautiful new facility on Easter Sunday 2021! We are grateful to God for the doors that He opened to make this happen! We are thankful that He led us to the UPCI Loan Fund and with their help, made the dream of this new church building a reality! We are committed to fulfil the great commission of reaching our city with the Gospel. We now have a beautiful place of worship to bring in the lost and hurting of our community...a place where their lives can forever be changed by one encounter with Jesus Christ. To God Be The Glory!

Check out their Facebook or website for more info!

Interior of the new Life Tabernacle Church
Exterior of the new Life Tabernacle Church
Lender's Report
It’s time for a praise report! We surveyed the churches we have loaned money to and learned that at least 893 people were filled with the Holy Ghost and 1,179 were baptized during the quarantined-filled year of 2020! Thank you Jesus!

It is so exciting to hear reports of revival throughout our loan portfolio. A North American Missions church reported having one filled with the Holy Ghost after many months of teaching Bible studies and doing multiple outreach efforts. This one soul represented an incredible breakthrough for this church. They have had six more filled this year! A church in Arizona reported 52 souls receiving the Holy Ghost in 2020! We celebrate with every church that is seeing God’s hand at work in their communities.

This is why we do what we do! Providing loans for churches to expand their facilities or purchase new property is very fulfilling. Hearing reports of revival is icing on the cake!

Thank you to every investor who makes it all possible! Together, we are witnessing the Kingdom of God grow all throughout North America.

Rick Lovall, Vice President & Senior Loan Officer
General Conference Catch-Up
What a phenomenal time we had at General Conference 2021! We are so thankful for all of the people that we came in contact with over the week. God moved very mightily and many seeds have been sewn.

Do you want to reach the "next town?" Let us help you get your next project started. Or, be a part through investing with us! Contact us today to get more information.

Please share your photos that you took with us at General Conference. Post them on Social Media and use the hashtag: #Stewardship, #LoanFund, or #UPCIGC21.
Coming Soon!
We’re excited to announce that Hope Fellowship of Florissant, Missouri is working towards a new church property. This Church in a Day construction will be held in 2022!
Make sure to keep them in your thoughts and prayers as they move into this exciting time. 
United Pentecostal Church Loan Fund | 636.229.7860 | [email protected] | upciloanfund.org