April 2020
Spring Newsletter

Total Active Investment $ : $65.1 M
Total Active Investments : 967
Total Assets : $70 M
Total Active Loans : 142
Total Active Loan $ : $52.3 M
Loan apps received in Qtr 1: 21
Last year at this time, we were so excited to celebrate the $50 million mark of total assets. This year it is $70 million! This means our growth the last twelve months has been about $1.6 million per month. We have been studying our numbers and can report our growth trend has been over 35% a year over the last seven years. This is absolutely amazing!

New rates on certificates started April 1 st in order to stay competitive with the market and create the profitability for us to continue to cover our expenses and provide the finance for the needed increase in staffing, marketing and office space, etc. You can go to www.upciloanfund.org to see the newest rates on investments or check out our rate chart further on in this newsletter.

Finally, don’t forget the deadline for 2019 contributions to your Individual Retirement Accounts (IRAs) has been extended to July 15, 2020. You can contribute $6,000 per person or up to $7,000 if you are 50 or older. Contact us for more details on making your contributions or opening new IRAs. 

Stephen M. Drury, President
The UPC Loan Fund is in a strong financial position to assist our churches during the current COVID-19 crisis. As of March 24, 2020, the Fund manages $70,352,700 in total assets with zero loans past due. We are required to maintain adequate capital (5% Net Assets) in cash, as well as maintain 8% of our total investments in cash. We are pleased to inform you that our Net Assets are 7.3% and our Liquidity is 28%. Our surplus of cash will allow us to meet current loan demand, as well as allow us to redeem any investment certificates that are maturing in 2020 and need to be withdrawn. Last year, we saw 88% of our investment certificates reinvest with the fund.

In a proactive measure, the Loan Fund Board has implemented the “2020 COVID-19 Economic Response Program” that offers multiple options to churches who have mortgages with the Loan Fund and may experience a negative financial trend as a result of our nation’s economic downturn. There are also other resources for churches who are not active borrowers with UPCLF. The Loan Fund is here to support our churches and help the harvest continue to grow, even during economic distress. For more information on this program, please click here.
Each year the United Pentecostal Church Loan Fund, in coordination with our Board of Directors and securities legal counsel, prepares an updated Offering Circular. The Offering Circular is a compilation of useful information which is designed to educate and inform current and prospective investors on our fund and the securities offered. Some of the information in the Offering Circular includes updated audit information, history of the fund, details on our Board of Directors, and details on each investment option. All of our investors are entitled and encouraged to receive and read through the Offering Circular before purchasing investments with us.
The 2020-2021 Offering Circular was approved and published in April 2020, and is now available on our website for viewing at  upciloanfund.org/forms or by clicking on the photo to the left. If you would prefer a physical copy for your records, please contact our office.
In these uncertain times, we want to remind our investors that our investments are not directly tied to the stock market! They are invested in our own UPCI churches, and we are working closely with all our congregations to make sure they stay on as solid financial footing as possible. Thank you for loyalty and investment with us!

>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 month-to-month term!

NEW LOWER MINIMUM! Now open a Kingdom Impact Account with as little as $25! Simply agree to a $25 monthly ACH until account reaches $250. There's no better time to start putting emergency savings in place, and our Kingdom Impact Account can help!
Deadline extended! You now have until July 15, 2020 to make 2019 contributions to your Individual Retirement Account. This applies to your IRAs in the Church Loan Fund as well. Just be sure to watch your IRS contribution limits, which were raised in 2019!

Call us with any questions!
Effective April 1, 2020, our investment rate offerings will undergo a decrease to stay competitive with current market conditions. We still are proud to offer higher than national average returns on our investments, and we are closely monitoring the economic climate. Interest rates will be re-evaluated quarterly. Written notice has been mailed to Kingdom Impact Account holders (Demand Certificates). We thank you for your continued loyalty to the Church Loan Fund! We are available to answer any questions or concerns you may have about your investment!
From our families to yours, we wish you a wonderful Easter celebration! There is nothing that can separate us from the love of God, and no virus can keep us from praising our risen Savior! Enjoy the day!
United Pentecostal Church Loan Fund | 636.229.7949 | [email protected] | upciloanfund.org