The CRC Loan Fund makes loans available to Christian Reformed churches in the United States who desire to purchase property, begin new construction, or repair an existing church building or parsonage.
The Loan Fund does not solicit gifts or receive ministry shares. Its only source of funds is investments made by individuals, congregations, classes, and other organizations related to the CRC.
What’s New
Growth continued at a record pace during 2005-2006. Investments, assets, and net assets all grew significantly.
More important, the demand for loans from CRC churches was so great that new commitments reached an all-time high. Loans totaling nearly $10 million were approved for 19 churches during the year. The Loan Fund was able meet this high level of request but as a result had no funds available for additional loans as of June 30, 2006. Additional investments are needed to meet the continuing demand.
Loans ranged from $10,000 to $1.7 million for projects that included installing a new roof, remodeling an existing facility, and building an entire new facility. Two young churches—Grace Valley in Las Vegas and Living Hope Community in Fox Lake, Wis.—will be building their first worship facilities.
Two larger well-established churches in Brookfield, Wis., and Caledonia, Mich., are building significant additions to their existing facilities. Other churches all over the United States are benefiting from loans they received last year.
To learn how you can become a part of this unique ministry, contact us or check our website at www.crcna.org/loanfund.
This information does not constitute an offer to sell or a solicitation of an offer to purchase. Offers will be made only by the offering circular in those jurisdictions where it is lawful to make such an offer or solicitation of an offer.
Investments in the Loan Fund involve risks more fully disclosed in the offering circular.
Website: www.crcna.org/loanfund
Carl Gronsman, director
800-332-0012 or 616-224-0829
Fax 616-726-1149
E-mail: crlf@crcna.org
Quick Facts
The CRC Loan Fund
- lends to CRC churches in the United States for small and large capital projects.
- obtains the money it lends from investments made by CRC members, churches and classes, and related organizations.
- does not solicit gifts or receive ministry shares.
- offers a variety of investment options.
