Conference Loan Fund

Eastern Pennsylvania Conference Loan FundThe EPA Conference Loan Fund is a Pennsylvania non-profit corporation. Its purpose is to make loans to churches and agencies for building projects. The Board closely monitors rates in the general marketplace. Given the changes in the mortgage lending area, the Board of Directors decided to reduce the rate paid by its borrowers to 4.25%, effective January 1, 2014.

In addition to granting loans, the Loan Fund also issues an investment vehicle in the form of a certificate. The certificate can be redeemed on sixty days’ notice. The Loan Board may increase or reduce rates with sixty days’ notice. Due to the change in the mortgage rate, the Board approved a reduction in the certificate rate from 3% to 2.25%, effective January 1, 2014.

The Loan Fund has been closed to investors this year because of the low demand for mortgage loans. However, there is currently over $5 million available in the fund for church building and renovation projects. Loans are secured by a mortgage and applications are available on the conference web site. Applications must be signed by the Pastor, District Superintendent and an authorized representative of the Board of Trustees. Applications must be received thirty (30) days prior to the board meeting.

The Loan board meets quarterly, on the fourth Wednesday of January, April, July and October. The loans have the following favorable terms; interest rate of 4.25%, no closing costs, simple loan documentation, borrow as little as $10,000 or up to $750,000. There is a ten (10) year amortization period for loans greater than $50,000, up to $500,000 and a fifteen (15) year amortization for loans greater than $500,000 up to $750,000. All loans under $50,000 are amortized over a five (5) year period.

Applications must be signed by the Pastor, District Superintendent and an authorized representative of the Board of Trustees.  Applications must be received thirty (30) days prior to the board meeting. Download and print a PDF of this information.

2016 Loan Application Form [Fillable PDF]

This loan application form can be filled in, signed and submitted electronically — or printed, completed by hand, signed, and submitted by mail. For electronic completion, please be sure to save (Ctrl + S) this document to a directory on your computer, and then use your PDF Reader to open, fill in and save the document. Entries made within your browser window (for example: Internet Explorer, Google Chrome, etc.) cannot be saved.

Call (800) 828-9093 for more information. For additional questions contact James Cruickshank at 610-666-9090, ext. 1007.

2017 Loan Fund Prospectus [PDF]

This prospectus contains essential information about the issuer and the securities being offered hereby. (Persons are advised to read this prospectus carefully prior to making any decisions to purchase these securities. Purchasers should also be aware of the two day right of withdrawal given to them under the Pennsylvania Securities Act of 1972 as described further herein under “Withdrawal of Acceptance.”)


Borrower Information

An application will not be accepted from a Church which is currently delinquent on an existing loan until the loan is brought current and remains so for six months.

Once a Loan is approved by the Board, the Borrower will receive a written Loan commitment letter which when accepted by the Borrower holds the Loan open for six months. The Borrower must submit proof of recorded mortgage, properly signed note and resolution authorizing execution of Note and mortgage. (See details below) Thirty days’ written notice may be required to receive the Loan proceeds. If the funds are not withdrawn within five months, a second letter will be mailed to the Borrower indicating that a further six month extension will be permitted only upon written request of the Borrower.

The minimum Loan is $10,000.00 and the maximum amount which can be borrowed is $750,000. Loans are for acquisition, repair and construction of real property and not for program. Loans are amortized as follows:

  1. Under $50,000 up to 5 years; and
  2. $50,000 to $499,999 up to 10 years; and
  3. $500,000 and over up to 15 years.

All Loans must be secured by a mortgage. The Pastor and District Superintendent must consent to the mortgage.

Notes have a demand feature and the current interest rate is 4.25%. Interest rates charged to Borrowers may be adjusted up or down 2% by the Loan Fund Board after sixty (60) days’ written notice to the Borrower. All payments received are credited first to interest and then to principal.

The Loan Fund has no fees or charges except that the Borrower must pay to record the mortgage.