Lutheran Association for Church Extension
Lutheran Association for Church Extension

(LACE)... serving the WELS and ELS since 1960!

Our Purpose...
Our Purpose...

to assist congregations in the WELS and ELS finance their capital projects.

Build, Renovate, Refinance...
Build, Renovate, Refinance...

We combine competitive rates with personal service.

Invest with LACE...
Invest with LACE...

We provide a channel for synod members to invest.


Use our expertise and efficiency to help you meet your goals.

COVID-19 Message

Lutheran Association for Church Extension (LACE) is closely monitoring the outbreak of Coronavirus (COVID-19) and has prepared to continue our operations even while practicing the restrictions placed on us by this devastating disease. These past days have seen unprecedented financial distress and growing concerns. While uncertainty abounds with each day, we remain in a strong financial-capital position. LACE has operated for over 50 years while having endured many events and obstacles. By God’s grace, we have grown and have remained faithful and strong.

LACE will be able to continue operations (including transactions) through any potential disruption or quarantine. The only delays we could possibly anticipate would be in monetary transactions based on availability of service with our bank (Fifth Third) and of course the US Postal Service. Our office is currently closed for personal service but our staff is available by email, for Jessica (LACE secretary); This email address is being protected from spambots. You need JavaScript enabled to view it. , for Lois (LACE accountant); This email address is being protected from spambots. You need JavaScript enabled to view it. , for Don (Our CEO and president) This email address is being protected from spambots. You need JavaScript enabled to view it. , or by leaving a message on our phone service at (989) 781-1600. If you prefer to use the postal service, our address P.O. Box 6402, Saginaw, MI 48608.

We love our Church and we love our churches and church organizations, which is why LACE has instituted a procedure of postponing the loan payments of our churches and church organization clients.

If you find yourself in this predicament of short falls of cash flows due to the Covid-19 virus please:

  1. Write or email us of your situation so then we can stop any ACH auto-payments that are set up and document in the file the reason for this action.

We will then postpone your loan payment date in our system. When we are all out of this crisis your payment interest that has accrued will be capitalized into the current balance of the loan, you can then continue to make the payments as agreed.

We are here to help you return your focus to serving the people in your community and sharing the Gospel of Jesus Christ as quickly as possible.

Our Purpose...

Is to assist congregations. This can't be emphasized enough!

Our Projects...

Cover a variety of areas - from refi's to complete new facilities.

Thank You

Your message has been sent. We will review and respond as quickly as possible.

Thank you!


The primary purpose of LACE is to provide congregations with low cost loans.
These loans can be used to refinance current mortgages; construct, expand or renovate church/school facilities; parsonage or teacherage construction; or to complete miscellaneous projects such as purchasing an organ or fixing a roof.

In addition to providing the funding for loans, LACE provides a channel through which people can purchase investments and
receive annual interest payments

Have questions? Review our FAQ area for answers! [ FAQ ]

Interested in how LACE has helped other congregations?
We have some past projects you may find helpful. [ SUCCESS ]

Need to find ALL our forms? Here they are! [ DOWNLOADS ]



Our Rates...

LOANS: Call for current rates!

IRA'S: up to 4.00%

CERTIFICATES: up to 3.00%

The purchase of LACE's securities is subject to risks, which are described in our Offering Circular.

Serving you since 1960...

  • Analysis

    Each project or investment is anlayzed.

  • Experience

    Use our experience to your advantage!

  • Strategies

    We have many options available to you.

  • Bethel Lutheran Church - Sioux Falls, SD
  • Faith Lutheran Church - San Antonio, TX
Saturday, January 23, 2021