Church Extension Fund

CID LCMS
1850 N. Grand Avenue West
Springfield, IL 62702-1626
Phone: (217) 793-1802
Fax: (217) 793-9454
Email: cef@cidlcms.org

Mission

The mission of the Central Illinois District (CID) Church Extension Fund (CEF) is to make funds and services available to congregations within the CID for building efforts. CEF accomplishes its purpose primarily by making loans to congregations for acquiring land, building/enhancing worship and educational facilities, and/or purchasing parsonages/teacherages for its rosterred workers.  These loans are made at rates often below those of commercial lending institutions.  The savings in interest, fees, and prepayment penalties helps congregations pay off their loan(s) more quickly than would be possible with a typical lending institution.

Mortgage Interest Rebate

Also at the December meeting, the Board declared a mortgage interest rebate for 2014 totaling $300,000.00.  Each organization that paid interest on a loan from CEF will receive a rebate based on the percentage of interest they paid in relation to other congregations and agencies then that percentage applied to the total rebate amount.  In addition, the organization's loan must be paid current to December 31, 2014 no later than January 31, 2015.  This is the tenth consecutive year that CEF has returned a portion of the interest income to their customers.

Additional Grants

Additional grants made at the December CEF meeting were as follows:

  a. $40,000.00 to CID for church worker scholarships for school year 2015-16.
  b. $15,000.00 to CID for architectural plans and
drawings for Cristo Rey in the Quad Cities.
  c. $5,000.00 to CID for concrete work at the Deaf Ministry in Jacksonville.

CEF Audited Financial Statements

December 31, 2016 and 2015

2015 CEF Convention

The 2015 CEF Convention, the 7th Regular Convention was held on July 6, 2015 at the Crowne Plaza in Springfield. The following individuals were elected to the Church Extension Fund Board of Trustees: Kevin Schultz, president; Kim Kleinschmidt, vice President; Cheryl Martin, Secretary-Treasurer, Rev. Steph Gillet, trustee; Rev. Terry O'Brien, Trustee; Rev. Terry Strom, Trustee; and Mr. Dale Wolff, Trustee.

In other action, changes to the Bylaws were approved. Outgoing Board members were recognized for their service to the Church Extension Fund. Members recognized were Rev. Charles Olander, term limits; Danny Magelitz, term limits; and Herb Krueger, six years service.

The David L. Goldhammer Award For Outstanding service was awarded to Ms. Carol Radtke for her previous 12 years service to Church Extension.

Performance reports on the previous triennium were presented by Dave Rohe, Executive Director and then President Kim Kleinschmidt.

CEF Forms

Click to view or print the following forms:

• Investment Form
  (Updated 11/8/2018)

• Direct Deposit Form

• Mortgage Loan Application
  (Updated 6/2019)

• School Loan Application
  (Updated 6/2019)

• Small Loan Application
  (Updated 6/2109)

• Parsonage Loan Application
  (Updated 6/2019)

• Ministry Outreach
  Grant Application

  (Updated 9/2018)

• Growth Bond
  (Updated 6/16/2011)

To view and/or download these pdfs, you must have Acrobat or Acrobat Reader. You can get Acrobat Reader free from adobe.com.

 

Central Illinois District - Lutheran Church Missouri Synod
1850 North Grand Avenue West
Springfield, IL 62702-1626
Phone: (217) 793-1802 • Fax (217) 793-1822
Email: cid@cidlcms.org

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