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Interested in a Church Loan?
This fund is available as a service to our churches. It is made possible by churches or individuals investing monies with the district which are then in turn loaned to other churches. To apply for the loan, follow these instructions:
1. Download and read carefully the attached information. Note particularly the responsibilities of the church as it relates to deed, name of church, and constitution.
2. Fill out the loan application and financial report as completely as possible.
3. Present to your presbyter for processing and endorsement. (NOTE that sectional endorsement is necessary for any church loan.)
4. Return application to district office to the Church Loan Fund with a copy of your constitution and property deeds, and a copy of the church minutes of the meeting approving application for a loan. When the application has been received, it will be presented to the Executive Presbytery at the earliest date possible. Please be advised that each application will be considered on the basis of:
- Availability of funds
- Justification of need
- Priority of filing dates
- Co-endorsement of the Sectional Presbyter pledging their assistance to the assembly in the event the assembly should face difficulties in meeting their monthly payment
It is our desire to be able to help you with your request. However, applications must also be considered on the basis of funds available and the church's ability to pay. Should your application be approved an insurance binder will be required.
For more information contact
Church Loan Fund
North Texas District Council Assemblies of God
P.O. Box 1188
Hurst, TX 76053
Phone 817.284.4856
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Thank you for your interest in the North Texas District Church Loan Investment Program.
Effective April 1, 2012, the interest rate changed to three and one-half (3.5%) interest on new monies with a minimum investment of $1,000 for a one-year certificate, with interest paid annually at the end of the calendar year or re-invested to your principal. Should you need to make an early withdrawal, there would be a one (1%) percent interest penalty for the amount withdrawn; however, it is necessary to maintain the minimum of $1,000 balance. You can make additional deposits into the certificate as long as the interest rate remains the same.
This is not an insured account, nor can we accept IRA investments prior to that account’s requirements being met without penalties being assessed on those funds. All interest incurs taxes.
An application and a W-9 form can be downloaded below. Should you choose to proceed, simply complete the forms and return them to our office with your investment check payable to the North Texas District Council of the Assemblies of God.
Should you have further questions, please contact us at
817-284-4856.
Church Loan Fund
North Texas District Council Assemblies of God
P O Box 1188
Hurst, TX 76053-1188
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Church Loan Program