Why another fund?

Hour after hour, day after day, week after week, LCMS church workers pour into the lives of others. Whether preaching, teaching or serving, they continually point people to Jesus. They wouldn’t have it any other way.

However, their call often involves difficult financial considerations like finding affordable loans to buy a home, consolidating debt, paying tuition or making home improvements.

We want to change that.

Hear about the importance of the Church Worker Loan Pool from LCMS leaders

The rates

MinimumTermRateAPY *
* APY is the annual percentage yield, representing the effective rate of interest when all principal and interest payments are retained in the investment balance.
-5 years0.500%0.501%
-8 years1.000%1.004%
-10 years1.250%1.256%

Our goal

We intend to raise a total of $250 million. We appreciate your consideration because we couldn’t do this without you.

How close are we to our goal right now?



How to invest

Call 800-843-5233 when you are ready to invest.

Our friendly customer relations specialists will walk you through the process or answer any questions. We are looking forward to hearing from you.



Yes. Dollars currently invested with LCEF can be transferred to the Church Worker Loan Pool.

No. We will waive the penalty for transfers from current LCEF investments to the new term note.

Yes. The standard penalties for these terms are as follows:

  • 5-year: 180 days of interest
  • 8-year: 365 days of interest
  • 10-year: 365 days of interest

Yes. Your contribution to the pool will help to provide a source of funding for church worker loans. Since LCEF is a Section 501(c)3 organization under the Internal Revenue Code, your contribution may be tax deductible depending on your circumstances. Please consult your tax advisor regarding the taxability of your donation.

As with all personal or corporate investment income, consult your tax advisor regarding the taxability of interest.

If LCEF discontinues the type of loan for which a Special-Purpose Note has been issued, then from and after the date of such discontinuance, such Note will no longer be treated as a Special-Purpose Note and the interest rate on such Note will convert to the then-current interest rate that would otherwise be applicable to such Note if it had not been issued as a Special-Purpose Note.

Rostered Church Workers

We aim to raise $50 million to start, which would be impactful.

  • All existing (and future) church worker loan products that LCEF offers:
    • Residential mortgage loans
    • Home equity loans
    • Debt consolidation loans
    • Education consolidation loans

Interest rates are determined by several factors including credit score, down payment and loan type. Visit lcef.org/residential-loans/ for current rates and product types.

LCEF offers fixed-rate terms for up to 30 years.

If your loan is with another lender, LCEF gladly accepts your refinance request. LCEF is only able to offer mortgage loans to LCMS rostered church workers.

Yes. The Lutheran Federal Credit Union offers the same church worker mortgage loan program terms and rates. See this map for loans available in your state.