Your investments make current and potential opportunities to support schools & congregations possible!

Earn competitive interest rates while supporting our current WELS & ELS projects. Compare that to the recent rate changes from financial institutions that don’t share our Christian values on what projects they support!

Immanuel Lutheran School Hutchinson MN

We offer three investment options...

1. Loan Certificates

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.

TERMS:
2 Year Special* 5.30% for new investments
2 Year 2.5%
3 Year 3.0%
5 Year 3.5%
Investment Minimum is only $25

*Penalty for early redemption may be up to 3 months interest earned.
2 Year Special | New Investments | Expires 6/30/2024
Interest paid annually and will automatically transfer to a 2 year term at its currently posted interest rate or can be redeemed at your request.

NOTE: Penalty for early redemption for investments of 5 years or more may be up to 6 months interest earned.

2. Demand Certificates

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.

NO TERM
Demand 1.0%
Investment Minimum is only $25

3. IRA Investment Certificates

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. Consider rolling over your current IRA funds!

NO TERM
IRA 4.0%
Investment Minimum is only $250

Please call the LACE office at 989.781.1600 for more information on IRA Investment Certificates.

*Interest paid annually. Semi-Annual, Quarterly and Monthly interest may be requested if the amount of the investment is above $25,000, $50,000 and $100,000 respectively. ** Interest paid annually *** Payable within 30 days of LACE’s receipt of a written demand for redemption by the Certificate Holder except in the state of South Carolina where Demand Certificates are not offered and IRA Certificates have a 5-year term. Reduce your interest and assign to a current LACE project to reduce the cost of their project!

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. Not FDIC or SIPC insured - Not a bank deposit - No WELS or ELS guarantee.

FAQs

  • They are mailed out by the second week of each year. If yours did not arrive, you can view/download it if you have an account log-in. You can get log-in access by submitting your request from our CONTACT US form. You may also call our office so that we can ensure you receive your 1099-INT statement.

  • Just fill-out our form HERE. We will then provide you with an online access code. You will need that along with your social security number / Tax ID number to register.

  • Check your junk / spam folders as 80% of the verification codes go in there. You can also CONTACT US with your request.

  • Download a LOST CERTIFICATE form HERE, or CONTACT US with your request.

  • You can contact us to discuss our redemption process.

  • You can mail us a letter with your updated beneficiaries names and address’ along with your signature or we can send you a beneficiary form to be completed.

  • Members who invest with us, and designate a church’s loan to their loan certificate, can may be able to help lower the church’s interest rate on their loan with us!

  • Please provide our office with a copy of the death certificate and any paperwork showing that you’re in charge of their accounts if they do not have a listed beneficiary (trust, will, executor of their estate, any legal court documents)

  • Please fill out an application, which you can find under the resources tab or DOWNLOAD HERE, and mail this in with your check or banking information if you wish to do through ACH. If you want us to send you an application, please call or CONTACT US to make this request.

  • SPECIAL RATE:* 5.30%

    Demand – 1%

    2-year Certificate- 2.5%

    3-year Certificate- 3.0%

    5-year Certificate- 3.5%

    *2 Year Special | New Investments | Expires 6/30/2024

  • It calculates as a simple interest amount and posts annually based on the day your investment is received.

  • We are considered the investment vehicle. GoldStar is considered the custodian.

  • Your new ‘receiving’ investment custodian, GoldStar Trust, will handle your transfer out of our custodian to your new one. It also may also be Thumb Bank & Trust.

  • An ACH transfer goes through an interbank system for verification before it's completed. A wire transfer goes directly and electronically from one bank account to another without an intermediary system. ACH transfers typically have lower fees than wire transfers have.

  • $500,000