The interest rates for fixed-rate investments are adjusted quarterly and the new rate remains in place for the term of an investment. MissionFuture interest rates are adjusted to equal the yield to maturity of U.S. Treasury securities having a remaining term to maturity of approximately five years. MissionPlus interest rates are adjusted to take into consideration interest rates paid on comparable instruments, market conditions and other relevant factors. Interest earned on MissionPlus investments is reinvested monthly. Interest on MissionFuture investments is reinvested quarterly.
Investors now have the option of receiving interest payments on a quarterly or semi-annual basis.
The ministry of the Mission Investment Fund in the ELCA and its predecessor church bodies is more than 50 years old. Interest payments and redemptions of principal have always occurred on time. In addition to its stable history, the Fund continues to offer its investors the satisfaction of knowing that their financial blessings are helping to further the mission and ministry of the ELCA while they are earning interest on their investments. The Mission Investment Fund has been successful in earning the confidence and ongoing commitment of investors. Regardless of the success the MIF has enjoyed in the past, additional investors are needed to enable the Fund to continue making loans to developing Word and sacrament ministries.