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.



Investment Minimum
Penalty for early redemption
Loan Certificate *
2 Year
Up to 3 months interest earned
3 Year
Up to 3 months interest earned
5 Year
Up to 6 months interest earned

*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.
To receive an Offering Circular please contact us via e-mail, phone or written correspondence. Also, see our RESOURCES page to download immediately.

or construction

5-year balloon note
( 20, 25 or 30 year amortization)

10-year fixed rate note
15-year fixed rate note
Small Loan
Up to 15 Years
Sunday, April 18, 2021