LCEF Term Notes are all about your choices. For an account that works for you, start by choosing the duration of your investment. Next, choose from several fixed- or floating-interest rate options. At the end of the term, the funds remain yours to re-invest or redeem. Interest is compounded and paid quarterly (March, June, September, December).
LCEF offers term notes with a maturity grace period. Should you need to make a change to the amount or length of the investment term, you have 20 calendar days after the maturity date to do so without incurring a penalty.
For complete disclosure information, see the Offering Circular or request a copy by calling 800-843-5233. Fees (PDF) may be charged for customer-initiated service requests.
* The State of Washington has adopted a regulatory position that currently prohibits residents of Washington State from opening a new investment unless they are already an LCEF investor.
If you want to experience the reward of supporting LCMS ministries and realize the financial benefits we offer, the ConnectPLUS Term Note is for you. This offer is available on a one account per investor basis only to new investors 18 and older who have not had an LCEF investment in the past 24 months. The offer is subject to change and is not available to investors in Ohio and Pennsylvania.
Note: At maturity, the ConnectPLUS special features will expire (tiered interest rate; ability to add funds during the term). For states that allow notes to automatically renew, the ConnectPLUS note will become a 2-year fixed-rate term note. Please refer to our Fixed-Rate term note page for more information.
You can empower the positive influence of ministries and Rostered Church Workers on their communities by investing in LCEF’s PartnerPLUS term note. This limited time offer is available to investors 18 and older. Transfers from other LCEF investments are not accepted.
Note: At maturity, the PartnerPLUS special features will expire (tiered interest rate; ability to add funds during the term). For states that allow notes to automatically renew, the PartnerPLUS note will become a 2- or 4-year fixed-rate term note. Please refer to our Fixed-Rate term note page for more information.
This note carries a constant interest rate and requires a $500 minimum investment. A variety of terms are available, from 6 months to 5 years.
This note’s rate may be adjusted monthly based on prevailing market rates and requires a $100 minimum investment. 30- and 60-month terms are available. Investments of $25 or more are accepted throughout the term.
Floating-Rate, ConnectPLUS and PartnerPLUS term notes each allow additional investments of $25 or more to be made during the term. Additional investments of $25 or more may be made electronically through wire transfer, ACH or by sending a check with an Investment Slip (PDF).
Fixed-Rate term notes allow additional funds to be invested but only at maturity, during the 20-day grace period.
Redemptions can be made from investments at any time. Complete the redemption section of the Investment Slip (PDF) and mail or fax to us. Unless otherwise instructed, a check will be issued.
StewardAccount® holders have the ability to write checks or may have access to their funds via the debit card.
Term Notes: Redemption of a term note prior to the maturity date may be subject to an early withdrawal penalty, which could result in the loss of principal.
To update your bank information or change the transfer amount, complete the Investment ACH Authorization Form (PDF) and return to us at least 5 business days before the next scheduled transaction date.
To stop your transfer, write or call us at 800-843-5233. Requests must be received at least 5 business days before the next scheduled transaction date.
Contact us at 800-843-5233 to discuss your request and obtain the necessary forms to complete the modification.
Your named beneficiaries are reflected on the Investment Certification acknowledgement you received when the account was opened. If you subsequently added or changed a beneficiary on an existing account, those modifications are acknowledged in a letter sent to you. To confirm beneficiary information on an existing account, call us at 800-843-5233.
You may complete a Beneficiary Designation Form (PDF) at any time to add or change a beneficiary. For jointly held investments, we require the signature of all owners to process the request.
Important: To ensure the accuracy of our records, a newly executed Beneficiary Designation Form replaces, in its entirety, all prior beneficiary forms. The beneficiaries named on the most current form will be the only beneficiaries recognized by LCEF.
MyAccount is a secure online service allowing investors and borrowers quick access to their LCEF investment and loan information. Besides viewing balances, account history and accessing eStatements, users may:
IRA and HSA investments limited to inquiry only access in MyAccount.
Simply Statements allows personal users to view their LCEF investment and loan statements securely online for up to six months at no cost. Statements arrive much sooner than mailed statements. A copy of an older statement can be requested by contacting us at 800-843-5233.
Residential mortgage loans serviced by LoanCare are not included in this service.
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As a consultant for Capital Funding Services (CFS), Randy enjoys assisting the Lord’s people in experiencing the joys of generosity. He is a firm believer in the Scriptural truth that “whoever sows bountifully will also reap bountifully” (2 Corinthians 9:6). He says, “Stewardship is simply reflecting the image of our generous God, who has blessed us in Christ with every spiritual blessing.” His leadership has encouraged his congregation to provide generous support for ministries locally, regionally, nationally and internationally.
Randy has been a parish pastor for 35 years. For the past 28 years, he has been serving First Immanuel Lutheran Church, Cedarburg, Wisconsin. Leading a large congregation has enabled him to experience six capital campaigns, allowing him to provide great insights to pastors in capital campaigns and stewardship.
Randy has served Concordia University Wisconsin as an adjunct professor of theology for 26 years. In 2010, the university awarded him the honor of “Distinguished Alumnus.” He has also served 12 years on the South Wisconsin District Board of Directors, including six years as Board Chair and First Vice President of the district. He conducts seminars on generosity and provides encounters for parish pastors to discuss cultural issues and the church’s impact.
Randy resides in Cedarburg, Wisconsin, with his wife, Diana, who is the South Wisconsin District’s Lutheran Church Extension Fund’s District Vice President. They have two married daughters and three granddaughters. Randy’s mission statement is to serve God by serving others.