Loan Certificates are certificates with either a 2, 3 or 5-year term that will pay out the interest annually or the interest can be reinvested in the certificate each year.
The certificate can be "designated" to a particular congregation that is working with LACE on a loan program.
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The purchase of LACE’s securities is subject to risks, which are described in our Offering Circular. This is not an offer to sell you our securities and we are not soliciting you to buy our securities. We will offer and sell our securities only in states where authorized. The offering is made solely by the Offering Circular.
Demand Certificates are payable within 30 days of demand by the certificate holder. Interest is paid annually or the interest can be reinvested in the certificate each year. Demand certificates are not "designated" to a particular congregation.
These Demand Certificates will be used to help LACE fulfill its mission of providing low cost loans to other WELS/ELS congregations and religious organizations.
IRA Investment Certificates are payable within 30 days of demand by the certificate holder. The interest is paid annually and the annual interest payments will be reinvested in the certificate. Please call the LACE office for more information on IRA Investment Certificates.