| June 17, 2008 Inaugural Issue Vol. 1 - No. 1 |
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| Inaugural
Issue of Extension Extra! Do you know why
TexasCEF distributes With CEF you always get a little bit more! |
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|
Welcome to Extension
Extra
... a little bit more from TexasCEF.
This new communication is designed to bring you timely information
about the church extension ministry. For example, the new investment
rates for next month (July) are included below. We intend to share
these with you each month as soon as they are set. We will also be
able to tell you about ground breaking, dedication & note burning
services. When one is in your area at a sister congregation you may
want to join in the celebration. Extension Extra will not be published
on a schedule but rather we will send it to you when there is
news to report. Extension Extra is not intended to replace the monthly
issue of Chatter or the articles in the Texas Messenger in The
Lutheran Witness.
You will want to continue to read both of those to get information
about church extension activities, too. We hope you like this Extra
from CEF. If you do not want to receive Extension Extra see the information at the end of the newsletter for instructions to "unsubscribe." |
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| St. Mark Lutheran Church in Lake Jackson celebrated breaking ground for their new Multi-Purpose Building on June 8, 2008. Pictured here are congregation leaders preparing to "turn dirt." The congregation prepared the place for ground breaking in the form of a cross. Leaders (left to right): Pastor Steven Larsen, Rachel Cloeter, Keith Weiss, Rick Hardoin (Co-Chair of Capital Campaign Committee), Donna Hicks (congregational representative at St. Mark), Chris Davies, Larry Schmiege (Executive Director) and Rick Mergenhagen. |
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Executive
Director Stephen Block represented Texas District Church Extension Fund
and all its investors at the ground breaking. He is pictured here
handing two "million dollar bills" to Building Committee Chairman Chris
Davies. A loan from church extension is making this project possible. |
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The new
Multi-Purpose
Building is seen at
the bottom of the picture below the
congregation's sanctuary. The new construction replaces the very first
worship center built on the property. The model was created to help
congregation members visualize what the completed project would look
like. |
| Allie
Habeck and her big sister, Madison, are wearing plastic crosses filled
with
dirt from the ground breaking. The crosses and yellow "hard hats" were
distributed to all the children. The crosses can be worn, hung up in a
prominent place at home or in the car to remind everyone to pray for
the project's success, the workers' safety and for opportunities to
share Jesus' love with people who aren't yet connected to the Savior. Vision Statement: St. Mark Lutheran Church Celebrates the Risen Christ by Reaching the Lost, Growing in Faith, Serving in Love. |
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| Investment
Rates for July 2008 |
Fixed
Rate1 |
Floating Rate1 | ||
|
|
Rate |
APY2 |
Rate |
APY2 |
| One Year Note3 | 3.250% |
3.29% |
2.125% |
2.14% |
| Three Year Note3 | 3.500% |
3.78% |
2.750% |
2.78% |
| Five Year Note3 | 3.750% |
3.80% |
3.250% |
3.29% |
| Save-By-Mail Account |
2.500% |
2.52% |
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| Accounts For
Congregations Only |
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| Congregational Savings
Account |
3.000% |
3.04% |
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| Building Fund Account |
3.750% |
3.82% |
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| 1 - Rates subject to
change at any time. 2 - APY: Annual Percentage Yield is based on interest remaining in
the account and compounding quarterly (monthly for congregation
investments). 3 - Subject to penalty
for early withdrawal. |
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| The
information available through Extension Extra is neither an offer to
sell nor a request to buy any investments. This offer is made only in
the Offering Circular which is available by contacting TexasCEF at
1-800-951-3478 or by written request to TexasCEF, 7900 East Highway
290, Austin, Texas 78724 or at TexasCEF's website: www.TexasCEF.org. |
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|
Don't Want
Extension Extra? |
| 512.926.4272 800.951.3478 |
7900
East Highway 290 Austin, Texas 78724-2499 |
www.TexasCEF.org Invest@TexasCEF.org |