November 2017
Letter from the President

At General Conference this year, we were privileged to sit down at a meal with many of you, our faithful investors, and with our pastors for whom we have provided loans. What a wonderful time of fellowship, food and testimonies. It was a time to laugh, to cry, to rejoice and to remember how far we have come as a Fund, and how far some of our church projects have come with reaching the lost around them. I know you will enjoy the pictures of the event in this newsletter.

Our annual audit was finished in August for the July 1, 2016 - June 30, 2017 fiscal year. We are happy to report we did not receive a letter of any deficiencies. This is the third consecutive year we have achieved this goal. As always, we have made the full audit report available online on our website:  

Also at General Conference this year, we were able to report to the UPCI General Board that as of September 2017, we have closed or approved a total of 98 loans for a total of $36 million under contract, and $39 million in assets. We were also able to report that we still do not have one loan one day late. 

Again, thank you for showing your confidence by investing in the United Pentecostal Church Loan Fund, and for making a difference in churches all across our continent to better serve their communities. You are truly investing in the future of our organization, and in the future great harvest of souls to come.

Stephen M. Drury, President

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3rd Annual "Making a Difference" Luncheon

We were honored to host our 3rd Annual "Making a Difference" Investor and Pastor Appreciation Luncheon this year at General Conference 2017. We would like to send out a huge "THANK YOU" to all our investors and pastors who made us a part of your week. Also, we are so indebted to our speakers for sharing their testimonies! Thank you to: Pastor Roger Betterley from Living Hope UPC, Williamsport, PA, Pastor Rodney Barlow from Lighthouse Church of Independence, MO, Pastor Kirk Hoelzel from Crossroads UPC in Poplarville, MS, Pastor Lou Gholson from New Jerusalem Worship Center in Forest Park, GA, Pastor Johnathan Green from The Anchor in Beaumont, TX, Reverend Gary Hogan, Superintendent of the Arizona District and Brother Thomas Russell, investor and UPCLF Board Secretary from Arkansas. We are looking forward to seeing everyone next year in Louisville, Kentucky.

Loan Fund Updates

  • We have over $36 million in investments
  • Over 660 total investments
  • Over 500 investors
  • Over 100 closed or approved loans
  • Over $49 million loaned out since 2011
Stephen Drury, UPCLF President