I bring some good news to you as an investor in the Michigan Area Loan Fund of the United Methodist Foundation of Michigan. This letter announces an increase in the rate of interest on your investment account from 2.50% to 2.75%, effective for periods beginning July 1, 2019.
Although the financial markets seem erratic from time to time, we consistently offer investors and loan recipients competitive rates. Thus, church leaders are able to build for the future in a stable lending environment. Your investment in the Michigan Area Loan Fund facilitates life-changing ministry and more and more local congregations living into their mission.
Our board of directors continually monitors the fixed income investment market so that we may offer competitive rates. As an investor, you still have the same flexibility as always. These accounts continue to be demand accounts with funds ready for you when you need a distribution or redemption. Please refer to the Offering Circular for specific details.
Thank you for your trust in the United Methodist Foundation of Michigan. We work to fulfill various visions of local church ministry while helping faithful people, like you, live generous lives. May God’s light shine through you as you complete the work of God’s people.
Together in Christ,
Senior Director of Loan Services