Investments for Ministries
Invest in MIF to grow funds for endowments, capital projects, youth ministries and meet other ministry needs.
Investing on behalf of an individual?
Grow the church as you’re growing funds.
Your ministry’s investment in MIF yields a return no calculator can fully measure: Your investment seeds loans to other ELCA congregations and ministries so they, too, can take on the projects and do the work God is leading them to do.
Term Investments
Fixed-rate investments, with a choice of terms and a minimum initial deposit of $1,000.
The Mission Investment Fund offers two kinds of Term Investments:
FIXED-RATE TERM INVESTMENT
Terms of one to six years
Interest rate is fixed at the beginning of the term and remains in place for the full term
Interest is paid quarterly from date of investment and can be sent directly to you by check or automatically reinvested
No additions to principal may be made during the term
TERM INVESTMENT GRAND
Similar to a jumbo CD, with minimum investment of $250,000
Terms are one, two or three years
Interest rate is set at the beginning of the term and remains at that rate for the full term
Notes: For Fixed-Rate Term investments, minimum balances may vary, but may not be less than $1,000. MIF Investments not available in Kentucky. The State of Washington has adopted a regulatory interpretation that currently prevents MIF from offering and selling its investments to those residents of Washington who are not already holders of MIF investments.
Demand Investments
Choose from two options: Demand Investment With Check Writing, an interest-bearing account, and Demand Investment No Check Writing, like a traditional savings account but with a higher, adjustable interest rate.
DEMAND INVESTMENT With Check Writing offers unlimited check-writing privileges and 24/7 access to your account through MIF Online. Interest rates are set in tiers, so the more you save, the more interest you earn. See our current rates »
Tier 1: $100 to $9,999
Tier 2: $10,000 to $24,999
Tier 3: $25,000 to $99,999
Tier 4: $100,000 and above
Minimun initial deposit is $100, then add or withdraw as often as you like, as long as you maintain a $100 minimum balance.
DEMAND INVESTMENT No Check Writing provides a simple, reliable way to save.
Begin with minimum initial deposit of $100, add to your investment at any time
Make additional deposits of any amount at any time by check or electronic transfer
Funds can be redeemed in any amount once a month
Notes: MIF Demand Investments are not available in Kentucky, Louisiana and South Carolina. The State of Washington has adopted a regulatory interpretation that currently prevents MIF from offering and selling its investments to those residents of Washington who are not already holders of MIF Investments.
MIF4KIDZ investments are specifically designed as savings tools for youth. Congregations can present a gift of an MIF4KIDZ investment account for children at their baptism.
This investment teaches children good stewardship and money management while connecting them to the life of the church
Great way for youth to set aside money for college or other needs
After the congregation purchases the investment for a child, a parent or guardian acts as custodian of the account
The minimum initial deposit is $50. Additional contributions of at least $25 may be made at any time. Interest is added to the principal quarterly. See our current rates »
Note: MIF investments are not available in Kentucky. The State of Washington has adopted a regulatory interpretation that currently prohibits MIF from offering and selling its investments to those residents of Washington who are not already holders of MIF investments.
Are you investing for yourself or your family?
Investments for Ministries FAQs
Are MIF investments insured?
The Mission Investment Fund is not a bank or credit union and is not eligible to be insured by any federal or state regulatory agency (such as FDIC or NCUA). Our strong capital ratio of nearly 29% is many times higher than regulators’ requirements. This exceptional financial position offers security to our investors and helps assure our ability to meet our obligations.
If you are interested in an insured investment, please consider our financial partner, the ELCA Federal Credit Union. The Credit Union’s deposit accounts are federally insured up to $250,000 by the National Credit Union Administration (NCUA).
Where is my money invested?
Funds invested in MIF by congregations and their members, synods and ministries are used to make loans to ELCA ministries for capital projects such as new church buildings, additions and renovations.
Do MIF investments have fees or penalties?
MIF has few fees for its investment accounts. Fees are listed in the MIF Offering Circular.
How do I apply for a debit card? Who is eligible for a debit card?
Personal investors may apply for a Visa® debit card when they complete an application for an MIF Demand investment account. MIF does not offer debit cards to congregational or ministry investors.
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Mission Investment Fund investments are subject to certain risks. See "Risk Factors" in the MIF Offering Circular. MIF investments are not bank accounts. As securities issued by a nonprofit institution, the investments are not insured by FDIC, SIPC or any other federal or state regulatory agency. The securities are sold only by means of the Offering Circular. This is not an offer to sell or a solicitation of an offer to buy the securities described here.