NC Conference Stewardship & Development

 NOTICE: Effective April 22, 2010, the N.C. Conference Council has suspended all deposits into the Ministerial and Church Extension Loan Fund. God has blessed with an over-abundance of new deposits this year while loans are slightly less; the suspension is through May 31, 2010 at this point.

Welcome to the North Carolina Conference Stewardship and Development page.

   Rev. Gary Strickland serves as the Conference Secretary -Treasurer.

   Rev. Oris Hubbard is the North Carolina Loan Officer.

Stewardship

Among other financial services, the North Carolina Conference operates the Ministerial and Church Extension Loan Fund (MCELF) for benefit of the Conference ministers and for the development of Conference churches.

The total assets of the fund stand at approximately $27,000,000. M&CELF consists of funds invested by individuals, businesses and churches who desire to provide working capital for the purpose of advancing the Kingdom of God. Current deposit interest rates are as follows:

• Up to $10,000 - 2.75%
• $10,000 to $50,000 - 3.25%
• $50,000 to $100,000 - 3.50%
• $100,000 and up - 3.75%
• IRA rates at .1% higher for each respective bracket.

     The Loan Fund is similar to a passbook savings account. Although the Loan Fund constitution allows up to a 90-day waiting period on withdrawals, to date this provision has not been necessary. For investments that may need to be available on a short-term notice this is an attractive feature. Anyone may make deposits into the Loan Fund with interest compounded quarterly.

     The Loan Fund is audited annually and the audit is provided in the North Carolina Conference Minutes, also available annually.

     For more information call Rev. Oris Hubbard, Kay Glover or call (910) 980-1162. You may e-mail Reverend Hubbard at loanfund@nc.rr.com.

Development

Check out the Falcon Campus Page for more information on the campus, current development projects and how you can help with the costs of the renovation and upkeep of the Conference buildings and grounds.

For more information please contact: Rev. Oris Hubbard