The Lutheran Association for Church Extension, Inc. (LACE), established in 1960…
is a non-profit organization serving congregations of the Wisconsin Evangelical Lutheran Synod and the Evangelical Lutheran Synod throughout the United States.
About Us
We are a Michigan nonprofit, non-stock directorship corporation formed on October 7, 1960, by pastors and lay members of WELS for the primary purpose of loaning funds to self-supporting WELS churches, schools and other organizations affiliated with WELS (“WELS Religious Organizations”).
That purpose has expanded to include loans to ELS churches, schools and other organizations affiliated with ELS (“ELS Religious Organizations”), and other churches, schools, and religious organizations. LACE attempts to offer low interest rates on its loans consistent with meeting its internal funding obligations and loan commitments.
LACE funds its operations from the sale of Demand, Loan, and IRA Investment Certificates to organizations and individuals who are or are Members of WELS or ELS Religious Organizations, from interest and fees earned on loans, and from income earned on investments.
The Board of Directors of LACE annually elects officers and oversees the operation of the corporation. The affairs of LACE are governed by its Articles of Incorporation and Bylaws, which may be amended by the Board. LACE has no shareholders and is managed by its officers and directors. The Board holds regularly scheduled meetings for the purpose of approving LACE loans and reviewing and dealing with other matters. The officers of LACE serve at the pleasure of the Board.
LACE is here to help. If you can’t find the information you need within our Website, please feel free to either call 888.550.5223 or fill out a short form HERE.
