January 2022
Winter Newsletter
Total Active Investment Dollars : $86.8M
Total Active Investments : 1,105
Total Assets : $92.3M
Total Active Loans : 184
Total Active Loan Dollars : $70.4M
Loan Apps Received in 4th Quarter : 20
President's Corner
Most of us have felt the effects of the pandemic over the last two years. It changed our lives forever with sickness, death of friends and loved ones, and disruption of our daily activities. The Stewardship Group, including the Church Loan Fund, has slowly returned to a new normal within our lives and with full schedules in the office. We are thankful and feel blessed to be back at full capacity.

We are excited to report that once again the Church Loan Fund has grown significantly this year in assets. We started 2021 with $77.5 million in total assets and ended with $92.3 million. We had 93 churches request information for loans totaling $26,437,000!

Also In 2021, we were able to pay back every entity that provided funds to help get the Church Loan Fund started. Plus, we were able to make our first $250,000 grant for ministry. All of this wouldn’t be possible without your investment and trust in us! The most exciting news of course is the fact that with every church we are able to help, more souls are hearing the gospel. Although you nor I can be there to see these souls saved, your investments in the Church Loan Fund are indeed making the difference.

We wish each of you a wonderful 2022 full of blessings from God.  

Stephen M. Drury, President
Welcome our New Member!
Ariel Leaman was born and raised in Houston, Texas. She graduated from Katy Christian Academy and then attended Lone Star College and North Central Texas College.

She began her banking career in 2021, in Wewahitchka, Florida. She moved to St. Louis, Missouri, in 2020. There she worked as a universal banker at a mortgage bank.

She is happily married to her husband, Ryan. They have two beautiful daughters: Hadley (5) and Raeley (11 months).

They currently attend New Life St. Louis under Pastor Aaron Batchelor.

Hannah Loyd has worked with the Stewardship Group for the past year as an Insurance Representative. We are excited for her to join the Church Loan Fund family! She will take on a new position of Risk Management and work as an assistant to Rick Lovall, our Vice President and Senior Loan Officer.
Lender's Report
The growth of the Church Loan Fund depends upon obtaining new investments and retaining existing ones. Much like church growth, we work to keep invested dollars in the fund just like churches work to make sure people are discipled so they will stay in church. We determine how well we retain investments by measuring “redemption rates,” or the percentage of investments that are withdrawn (redeemed) at their maturity date. In fiscal year 2019, our redemption rate was 23%...meaning 23% of investments were withdrawn for various reasons at their maturity date. While that rate is considered “normal” for church loan funds, we felt like it was too high. In 2020, the rate dropped to 13%, which we celebrated. However, in 2021 the redemption rate dropped all the way down to 7%! That tells us 93% of investments stayed in the fund by being renewed for a new term!

While some may point to the fact our rates are higher than traditional bank rates as a reason for the low redemption rate, many investors tell us they choose to renew their investments because the funds are accomplishing kingdom purpose! New churches are being built. North American Missions churches are buying buildings they have been leasing. Much needed renovations to older facilities are happening. 2021 has been an incredible year… in huge part to the commitment our investors have made to remain invested in the mission of the Church Loan Fund. Thank you all for your continued support! May every investor be blessed beyond measure in 2022!

Rick Lovall, Vice President & Senior Loan Officer
Church Highlight
Life Church

By Pastor Mark Uzupan

Revelation 3:8 says, “I know thy works: behold, I have set before thee an open door, and no man can shut it: for thou hast a little strength, and hast kept my word, and hast not denied my name.”
Life Church had its beginnings in the year 1969 under the founding pastor Brother and Sister Triplett. Over the years, the church began to grow and established itself as a spiritual beachhead in the community. In the 1990s the church outgrew its original location and purchased another facility on eight acres of land.
However, the school system of Nash County acquired the pieces of property that surrounded the church. As a result, the church was forced to relocate. Following this, Life Church met in a storefront building in Rocky Mount, North Carolina from approximately 2009 to 2020.

Amid victories and defeats, which were really all steppingstones, God has proven himself faithful and true. The Scripture declares, “Remember the former things of old: for I am God, and there is none else; I am God, and there is none like me, Declaring the end from the beginning, and from ancient times the things that are not yet done, saying, My counsel shall stand, and I will do all my pleasure” (Isaiah 46:9-10). It does not matter what man may say and it does not matter what Satan and Hell may try. God’s plan, will, and purpose will ultimately prevail.
In 2018, Pastor Mark Uzupan and his wife Sindy Uzupan were elected pastors of Life Church. The church prayed for ten years in hopes of a new location, and it seemed like every way they turned nothing was happening. The faithful saints of Life Church continued to pray and believe God for a location after the Uzupans came.
The church looked at a building on four acres of land that was across the street from their storefront church and made several offers, yet nothing happened. Finally, Brother Uzupan saw a piece of property on the north side of town that was listed in the past for $349,000, but the price recently dropped to $309,000.

Brother Uzupan went and investigated the property, presented the building to the church board and family, and decided to make an offer on the building.

God blessed them, and Life Church was able to purchase the building for $150,000. After the church took possession of the building in January of 2020, they started tearing out walls and making plans for a permanent sanctuary. In the preliminary stages, contractors came in and gave estimates on what it would cost to do the needed renovations. They estimated around $200,000.
Brother Uzupan called the local bank and borrowed what they thought would be needed to do the work. As plans were being drawn and everything was being prepared, COVID-19 hit. This caused the whole process to slow down dramatically. It was not until September 2020 that the church was able to have their plans approved by the city and to begin accepting bids for the job.
As the bids came in, it became apparent that there was a bigger need for money than originally intended. Life Church approached their bank. The bank’s response was, “because you are a church and because of COVID-19, we will not be able to loan you any more money.”
Brother Uzupan then reached out to the Church Loan Fund. The Fund stepped up to the plate. The loan was approved in March 2021. However, the church was not able to start renovations until July 2021 because of contractors being backlogged.

As I sit here and write this article in November 2021, we are about 95% complete with our building renovations. When we are finished with our renovations, we will have almost 10,000 square feet compared to 3200 square feet in our storefront location. Our sanctuary will seat approximately 200 people, have four offices, four Sunday school rooms, a fellowship hall, two prayer rooms, and a kitchen. Our property is in a prime location with great exposure on just over an acre of land with fully paved parking.
We are excited about the awesome things that God has done, is doing, and is going to do for Life Church of Rocky Mount, North Carolina. While we may not see things working, my God says: “... even God, who quickeneth the dead, and calleth those things which be not as though they were” (Romans 4:17).
Currently (according to the plan and the will of God for there to be a church in Rocky Mount, North Carolina), the church is moving forward and planning for harvest. In His name, we will see the great things of God being performed from all the saints that have prayed and fasted. Thank you to the Church Loan Fund for making the funds available so we can move forward with Jesus for the cause of REVIVAL!

Check out their website and Facebook page to keep up with their story!
Life Church Welcome Sign
Exterior of the new Life Church
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!
>Kingdom Growth Certificates - 18-month term locked at 2.25%! New investors only, $1K minimum, $10K maximum deposit. Contact us for more info!
United Pentecostal Church Loan Fund | 636.229.7974 | info@upciloanfund.org | upciloanfund.org