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Texas Methodist Foundation Continues Clergy Appreciation Rate
AUSTIN, TX – The Texas Methodist Foundation recently announced its special “clergy appreciation rate” designed to thank United Methodist clergy for their commitment to ministry has been extended through Dec. 31, 2012.
This program, introduced in June 2009, entitles clergy with primary residence in Texas or New Mexico to receive an additional one-half percent interest above the Foundation’s already competitive rates, which consistently surpass returns on most CD and money market investments. The Foundation is extending this special investment rate offer for active and retired United Methodist clergy (deacon, elder, diaconal, or local) who open or renew fixed rate Individual Fund or Individual Fund IRA accounts during 2012.
“Resources for ministry have been stretched thin over the past years, but our pastors have continued to find ways to touch the lives of those within and beyond their congregations with signs of abundance in the midst of struggle,” said Foundation President Tom Locke. “Extending this offer is a tangible way we can thank them for all they do to build strong congregations that serve their communities.”
Individual Fund investments build and expand United Methodist churches through the Methodist Loan Fund, the funding source for the Foundation’s loan program. So in addition to earning higher returns, clergy investing in the Individual Fund are helping to empower God’s mission and ministry carried out through these congregations.
Pastors interested in taking advantage of this one-half percent interest increase can download an Individual Fund Offering Circular and application, and obtain current rates by visiting the Foundation’s web site at www.tmf-fdn.org. The Foundation’s Investor Services staff is also available at 800/933-5502 to answer questions about this program for new or existing clergy investors.
The Texas Methodist Foundation would like to extend this offer to as many active and retired clergy members as possible. If you know of pastors who would appreciate this opportunity to invest in United Methodist ministries while earning additional interest, please have them contact the Foundation for more information.