Between July 1, 2001 and June 30, 2002, LCEF

approved loans totaling $205 million for remod 

eling and construction of churches, schools and

ministry facilities. Loan demand is expected to

exceed $220 million this year.

They have secured a home loan

through the LCEF Professional

Church Worker (PCW) Loan pro 

gram. He learned about the program

before graduating from Concordia

Seminary, St. Louis, and accepting

his first call as associate pastor of St.

Luke Lutheran Church, Wisconsin

Rapids, Wis.

 My wife and I thought the

rates were very competitive com 

pared to other financial institutions

we had spoken with,  he said.  And

LCEF doesn't require private mort 

gage insurance, which can be a huge

expense to new homeowners. 

LCEF developed the PCW

program in 2000. Since then, it has

approved 153 housing loans and 174

debt consolidation loans to LCMS

pastors and teachers.

Photo: LCEF

(63) FEBRUARY 2003

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