4/02/2020

Mission Investment Fund and ELCA Federal Credit Union are offering special assistance during the COVID-19 pandemic

As we navigate the COVID-19 pandemic, the Mission Investment Fund and the ELCA Federal Credit Union remain trusted partners of the members, pastors, congregations and ministries of the ELCA.  As the investment and lending ministry of the ELCA, MIF has resources that can provide much-needed help for customers that may be experiencing financial hardship at this time—the congregations and ministries that have MIF loans as well as individual and congregation investors.  The ELCA Federal Credit Union, too, is able to provide similar assistance to its members—ELCA pastors, members, congregations and ministries.

The Mission Investment Fund is providing no-penalty access to term deposits for customers who need emergency access to their funds at this time.  For congregations and other ministries that need assistance with loans, MIF can offer such relief as:

  • Deferral of loan payments
  • Interest-only loan payments
  • Loan modifications
  • Lines of credit
  • New emergency loans

To learn how MIF can help, contact MIF via phone, 877-886-3522, Monday, Wednesday and Friday from 10:00 a.m. to 2:00 p.m. (Central time).  Reach MIF via email at mif.customerservice@elca.org or mif.loans@elca.org.

The ELCA Federal Credit Union is providing similar assistance.  For members of the Credit Union who need emergency access to their funds at this time, the Credit Union is providing no-penalty access to certificates of deposit.  For individuals, congregations and other ministries needing assistance with loans, the Credit Union is prepared to offer:

  • Deferral of loan payments
  • Interest-only loan payments
  • Loan modifications
  • Expedited credit card issuance and lines of credit
  • Expedited personal loans
  • New emergency loans

To discuss assistance from the ELCA Federal Credit Union, call 877-715-1111 or send an email to info@elcacu.org.