“I have been privileged to serve the congregations and families of Iowa through LCEF for over 19 years in various ways,” wrote Carole White, Lutheran Church Extension Fund (LCEF) District Vice President – Iowa Districts East and West, in her report for the 40th District Convention of the Iowa District East – The Lutheran Church—Missouri Synod.
“As always, loans to finance church and school operations, expansion, improvements, new mission starts and many other ministry purposes are available through our church’s financial organization, LCEF, and I consider it a joy to meet with committees and congregations interested in furthering the Lord’s work in their communities.
In Iowa District East for the last triennium, LCEF has made 14 new loans totaling over $2,314,000 thanks to faithful investors and borrowers partnering together to make a difference in things eternal. Over the last three years, Iowa District East received $103,313 in operating results from LCEF. This earnings distribution is made available to districts and the Synod each year that LCEF is profitable. The amount given back to each district is based upon a 5-way average consisting of the following components: loans to congregations compared to total congregations, operating income, income producing assets, investors as a % of confirmed members and capital-to-asset ratio.
LCEF was blessed to provide Iowa District East with these extra funds for new mission starts in Charles City and North Liberty, supporting congregations and our camp, as well as missionaries in our district and around the world.”
LCEF Gift Card Giveaway Recipients
In appreciation of convention delegates, LCEF sponsored a gift card giveaway
Congratulations to the seven recipients of the 2018 LCEF Gift Card Giveaway at the convention.
• Stan Burrichter, St. John’s Lutheran Church, Monticello, Iowa
• Verla Hinrichs, St. Paul's Lutheran Church-Artesian, Waverly, Iowa
• Rev. Zachary Voss, St. John Lutheran Church, Homestead, Iowa
• Tim Koch, Our Redeemer Lutheran Church, Cedar Falls, Iowa
• Jerome Dusek, St. Paul’s Lutheran Church, Wapello, Iowa
• Rev. Matthew Rueger, St. John’s Lutheran Church, Hubbard, Iowa
• Rev. Reed Stockman, St. John’s Lutheran Church, Monticello, Iowa
How about those creative coloring cards?!
In support of the 2018 Iowa District East Convention theme—Life Together: Laity and Clergy—LCEF provided creative, coloring cards for attendees during the convention. The coloring card file is available for your continued use throughout the year; if you would like a copy, please contact Carole White.
LCEF is a nonprofit religious organization; therefore, LCEF investments are not FDIC-insured bank deposit accounts. This is not an offer to sell investments, nor a solicitation to buy. LCEF will offer and sell its securities only in states where authorized. The offer is made solely by LCEF’s Offering Circular. Investors should carefully read the Offering Circular, which more fully describes associated risks. StewardAccount access features are offered through UMB Bank n.a. StewardAccount products are not available to investors in South Carolina. The Family Emergency StewardAccount is known as the Family StewardAccount in the state of Ohio.