About the IN Loan & Savings Ministry
What We Do
The IN Loan & Savings Ministry, Inc. is a non-profit organization that promotes the growth and development of United Methodist churches and agencies. We provide loans to UM churches and agencies throughout Indiana for new construction, remodeling, and refinancing of churches, parsonages, and other facilities.
The Loan and Savings Ministry Fund provides an opportunity to invest in ministry growth with vehicles that are stable and yield steady income. Churches and individuals can invest with the Loan and Savings Ministry Fund. We serve individuals affiliated with a United Methodist church who reside in Indiana, Illinois, Kentucky, Hawaii, Florida, Texas, or North Carolina.
Our core values inform all our decisions:
- Serving and Growing God’s Church
- Financial Integrity Quality
- Customer Service
One depositor noted “I like it that Methodists are investing in other Methodists.”
Our History and Structure
The Loan & Savings Ministry was created in 2001 by the former North Indiana United Methodist Foundation, and the first loan was made in April, 2002. The Loan & Savings Ministry is not a financial institution and is not federally insured under FDIC. It offers a security interest in the pool of loans made to United Methodist churches and agencies in Indiana. The Loan & Savings Ministry is registered with the state of Indiana.
A tax-exempt 501(c)3 organization, the Loan & Savings Ministry is a separate legal entity affiliated with United Methodist Foundation of Indiana and the Indiana Conference United Methodist Church. The Loan & Savings Ministry receives no funding from tithes or apportionments from the Indiana Conference. All operations are supported by the net interest margin between loans issued and deposits offered and donations from loyal supporters.
“I chose the Loan Fund for the service opportunity and the high interest rates.”
Loan Fund Directors
- Dave Berry
- Forrest Bowers
- John Clay
- Teri Crouse
- Karla Elliott
- Scott Green
- Ian Hall (w/o vote)
- Shalimar Holderly
- Shelley Johnson
- Warren Kirk
- Jeff Lorentson
- James Need
- Larry Price
- Manet Shettle (w/o vote)
- Lee White
- Chuck Armstrong — Southwest
- Marla Dernay — North & Northwest
- Todd Outcalt — Central, East, West, South, North, North Central & Southeast
The daily operations and outreach of the Loan & Savings Ministry are managed by a dedicated operational and field staff. The operational staff are located at the Foundation office in Fishers and the field staff are disbursed throughout the state.
Manet Shettle President