FAQ – Frequently Asked Questions
Please refer to the following answers to frequently asked questions about the Loan & Savings Ministry.
Investing in IN Loan & Savings Ministry, LLC gave us the opportunity to be involved in the ministry of building churches and at the same time earning a higher interest than our bank pays.
Frequently Asked Questions (FAQs)
Here are some frequently asked questions about the Ministry:
Will my investments fluctuate in value?
Certificates earn a fixed rate of interest for their term. Demand accounts are subject to periodic change in interest rates.
Is the Loan and Savings Ministry audited?
When do investors receive their interest payments?
Can I reinvest when my certificates mature?
Are faxes or e-mail as good as originals for making changes or withdrawals?
Is there a grace period on certificates maturing?
The Fed is raising the interest rates, so are you raising your LF certificate rates?
Is the Loan and Savings Ministry insured?
How often do the rates change?
The Loan and Savings Ministry Board reviews the rates, and normally rates change the 1st of the month following the quarterly board meeting. However, rates may change more often depending on loan activity. Remember, the rate issued on a Certificate remains the same for the full term of that Certificate. But when the Demand rates are changed, that changes the rate paid on current Demand accounts as well as any new accounts.
Why do I need an Offering Circular before I can make a deposit?
The Indiana Securities Division and the securities administrators of the other states where we offer Demand Deposits and Certificates of Participation require that we provide each potential depositor a copy of the Offering Circular before the Loan and Savings Ministry can accept a deposit from that person. We cannot accept a deposit from someone who has not received a copy of the Offering Circular. The Offering Circular is a Full Disclosure document that tells what we are about; why we take deposits; what we do with the deposits; what we offer in return for the deposits and the potential risks associated with our deposits.