April 2022
Spring Newsletter
Total Active Investment Dollars : $89.4M
Total Active Investments : 1,110
Total Assets : $94.8M
Total Active Loans : 184
Total Active Loan Dollars : $70.2M
Loan Apps Received in 1st Quarter : 22
President's Corner
In June of this year, we can say we opened the UPC Loan Fund to the first investors eleven years ago. But as I was looking back in my notes, it is clear that we started investigating the Loan Fund startup seventeen years ago as we began attending meetings of an association of denominational loan funds called DILA (Denominational Investors and Loan Administrators). Because denominational loan funds are typically set up to only take investments from churches and members of their specific denomination, and likewise, make loans to churches of their denomination, everyone is able to do what I call “leave their egos and logos at the door” and help each other be successful. It was there we learned how to successfully start the UPC Loan Fund.
As of this writing, we have funded 275 church loans for $115M. Many of those churches have paid off their loans and we have loaned the money back out to other churches. The great and exciting report is that we still have never had a church default on a loan! We work hard to make sure your investments stay safe!
Presently, we have another thirty-four loan requests in process for $21M. Nine of the thirty-four are construction loans. We have approximately fifteen more construction loan requests in various early stages. Our journey from beginning to now is an amazing story of the passion of the United Pentecostal Church to do whatever is necessary to help our churches grow. Thank you for believing in the UPC Loan Fund and being a part of this amazing success.

Stephen M. Drury, President
Calling All Loan Fund Pastors!
We are so thankful for what the Lord is doing in and through the Church Loan Fund!

This year, we will be reaching an amazing milestone of $100 MILLION in assets. To celebrate this, we want to give you the opportunity to share your stories and testimonies.

Take a short video of:
You and Your Spouse
Your Church
And/or Your Building

Then send it on to us at rwhite@upci.org.
We’ll share your testimony and celebrate with you!
Please have them submitted by April 30th, 2022.   
Lender's Report
How does the Federal Reserve raising their rates affect the Church Loan Fund? This question has been asked of us many times over the past few weeks. The Church Loan Fund is not a member of the Federal Reserve banking system, so our rates are not directly affected by how the Fed moves their rates. Any impact would be considered “indirect” as our investment and loan rates are set internally based on our desire to remain competitive in the non-bank market. Over the course of our eleven-year history, our investment and loan rates have typically remained 1.00%-1.50% above average bank rates. I refer to that spread as a “rate cushion.” This “cushion” means the Church Loan Fund is not under pressure to raise rates as quickly as your local bank. We can remain a leader in the market with our current rates, even if banks were to raise their rates by a full percentage point. Our preference has always been to remain steady during market turbulence. Steady and strong, we march on.

Rick Lovall, Vice President & Senior Loan Officer
Did You Know?
Online Access

You can sign up to have access to your investment and loan information online!

Account management at your fingertips and at your convenience! Click the link below to sign up or give us a call for more assistance!

IRA Form Changes

Our IRA Custodian (GoldStar Trust) has updated their forms. This includes Applications, Investment Directions, Withdrawal Forms, etc. Beginning April 30, they will no longer accept the older forms. Click the link below to access the new documents. Or just call us and we can help you!

Church Highlight
Lakeland Living Water

By Pastor Mike Adams

Lakeland Living Water church has entered a new season in 2022! My wife, Patty, and I felt a call to the area, in northern Wisconsin, approximately four years before we moved. In 2015, we finally made the move with our two children, Allison and Austin. It was a sacrifice, but the Lord showed Himself faithful with each step! We experienced the miraculous and the providence of God that would be too numerous to mention here. The way the Lord worked in getting us to Wisconsin made us realize it was truly His will for us to reach that community!
When we arrived in the area, we had already begun to build relationships. In January of 2016, after just a few months of being there, we started services and were able to begin as a daughter work with the people we had. We started meeting at the local town hall; setting up and tearing down each week. Our church experienced the miraculous at work in people’s lives as there were physical healings and miracles; both during services and out in the public. There were specific people who showed up and things that happened that could only have been orchestrated by the omnipotent hand of God! 
In the spring of 2017, the Lord gave me a vision of a lady running down the sidewalk in a horrible storm. In the vision, she was very desperate and visibly shaken as she was trying to find shelter from the storm. I saw her look across the street and she saw something that gave her hope. She began to run across the street and the vision abruptly ended. A few months later someone approached me, telling me of a location we could rent. He took me to the location, and it was the exact place where the lady from my vision was running to! We began renting the location and over the next couple of years, we had several ladies come to our church that fit the description of that desperate lady in my vision! They needed hope and shelter in their storms! In one way or another, the Lord had always shown Himself faithful and gave us a reason to go on and plow the field He put us in. 
In December 2019, we were approved for North American Missions (NAM) status! Then, in 2020 the world turned upside down. I’m sure we all thought 2021 would be better. I thought the same thing and then it actually arrived. It was the most difficult year our family and our church had ever faced. Our family faced physical, mental, and spiritual battles that we never had before! We faced tremendous attacks that almost broke us. In addition, we also lost the building we were renting for church. 

I was reminded of 1 Peter 4:12-13 where it says, “Beloved, think it not strange concerning the fiery trial which is to try you, as though some strange thing happened unto you: But rejoice, inasmuch as ye are partakers of Christ’s sufferings; that, when His glory shall be revealed, ye may be glad also with exceeding joy.” I prayed for that glory to be revealed and for that joy to return. I began to remember the faithful God that provided the means to bring us to our city! I began to remember the faithful God who showed up in our services and out in public! I decided, at the minimum, to just wait and be faithful until the Lord showed up. In November 2021, the Lord began to move. Let me just say, if we are faithful to God when we are “able”, God will be faithful to us when we are “unable”! 
For a few years, we had been looking for a building we could purchase in order to facilitate the mission and ministry God had called us to. Soon, our realtor called us and told us there was a building that was going on the market in a few days. It was an actual church building that was a perfect size at a great price! We later found out that it was about $75,000 under value, which is unheard of in the current real estate market! Over the years, we had checked out a few different banks, but no one would loan us money for a building. We contacted the UPCI Loan Fund and began to inquire into a loan for the building. As we began to work through the process with Brother Rick Lovall, we were approved for the loan we needed for the building! Everything worked out and on January 18th, 2022, we closed on the building and moved into our new church home! I’m glad we didn’t give up when circumstances looked hopeless. We need to realize that when the going gets rough, Jesus gets going! God is faithful! I am forever thankful to Jesus, to the UPCI Loan Fund, and to our national and district NAM departments! We could not have done it without all of them! God is truly a good God!

Check out their Facebook page to keep up with their story!
Lakeland Living Water Exterior
Interior of the new Lakeland Living Water
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!

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>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!
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