Relaymedia

ELCA Mission Investment Fund Highlight

( [email protected] ) Feb 28, 2004 10:03 AM EST

The Mission Investment Fund of the Evangelical Lutheran Church of America will be revealed to the world through CNBC, a financial news channel on cable television, March 2 and 5.

The MIF has had a “banner year” in which the Mission investors and the Mission borrowers had great returns.

"Investors are receiving a blessing, and borrowers are receiving a blessing. So, it's a win-win situation," said Andy Waters, vice president and director for operations, ELCA Mission Investment Fund.

Nearly a third of the more than 10,000 churches in the ELCA invest in the MIF. Through the MIF, ELCA provide mission congregations a chance to purchase land, renovate and expand existing facilities and relocations. Nearly 500 loans are in effect throughout the United States, Puerto Rico and the U.S. Virgin Islands.

The short CNBC segment hill highlight the work of the Mission Investment Fund as the “Pick of the Week” for Terry Bradshaw.

"We all want to make wise investments that grow our money. One organization, the Mission Investment Fund of the ELCA, allows investors to increase the value of their resources while helping to build the Lutheran church. Investors get a good return on their funds while doing something worthwhile," Bradshaw said, introducing the segments on CNBC.

"The Mission Investment Fund fulfills Lutheran congregations' needs for capital that would otherwise go unmet," he said.

MIF staff members said they were excited about the upcoming special.

"We are delighted that the Mission Investment Fund of the ELCA has been selected for Terry Bradshaw's Pick of the Week," Eva Rody, the Fund’s executive vice president for administration said. "Churches have unique financial needs and young congregations in particular have few alternatives when attempting to fund capital projects," she said.

It is extremely gratifying to be recognized by this well-regarded program for our efforts to provide low-interest loans to ELCA congregations and to provide opportunities for investors to earn interest on their financial resources," Roby said.

For more information on MIF, visit its website at www.elca.org/mif