Helping Churches Build, Expand, and Renovate
The Development Fund accepts investments from individuals, churches, and organizations from across the Alabama-West Florida Conference. The Fund pays these investors a rate of interest set each quarter and makes loans to churches, agencies, and missions in the conference.
Interest is paid quarterly and is earned from the day of deposit to the day of withdrawal. You may withdraw all or part of your investment with a written/signed request. There is no penalty, fee, or loss of interest when withdrawing funds. You can also choose to have your interest reinvested each year.
The current interest rate is 1.00%. You may request a history of the interest rates paid by calling (334) 793-6820 or downloading the resource below. As of July 1, 2018 rates will increase to 1.50%.
Investments are not FDIC insured. Investments are secured by the assets of the Fund and the first mortgages of the churches. No investor in the Fund has ever lost any part of their investment or interest earned.