| July 21, 2008 Vol. 1 - No. 2 |
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| Six Projects! Six Texas District congregations are building right now because Texas District Lutherans chose to invest part of their savings in CEF. These congregations are getting new Gospel outreach tools because of those investments. The pictures below are what you would have seen if you visited the six construction sites during the past 30 days. Go to www.TexasCEF.org to download an investment form and make a new investment today. We will need those dollars to assist the next congregation that asks for a loan from Texas District Church Extension Fund. |
| St. John Lutheran Church Mansfield, Texas is building a new worship center & gymnasium. The growth experienced by the congregation has led them to three worship services every Sunday in their current sanctuary. The new facilities will permit them to reach out to even more people. Visit St. John's Website to learn more about the congregation's ministry. |
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| Salem Lutheran Church Tomball, Texas has a 90,000 square foot Community Center under construction. The new building will help them to establish more connections with the people in their community. Included in the building are a double gymnasium and new worship space for young people. Visit Salem's Website to learn more about the congregation's ministry. |
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| Point of Grace Lutheran Church Pflugerville, Texas is a new mission congregation building their first facility. The congregation is strategically located at the intersection of Texas Tollways 130 & 45 northeast of Austin. The congregation is getting worship space, offices and classrooms to use in reaching out with the Good News. Visit Point of Grace's Website to learn more about the congregation's ministry. |
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| Faith Lutheran Church Georgetown, Texas is constructing a new sanctuary. Site work is underway; the preparation for the foundation slab is shown in the picture. The new sanctuary will connect to the existing worship area (seen at the back) that will be converted into an expanded narthex. Visit Faith's Website to learn more about the congregation's ministry. |
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| St. Mark Lutheran Church Lake Jackson, Texas has begun the first phase of their project: demolishing the first building they put on their campus. Once this building is razed, they will begin construction of a new multi-purpose fellowship facility. Visit St. Mark's Website to learn more about the congregation's ministry. |
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| Trinity Lutheran Church Weatherford, Texas is building new fellowship space and renovating its office & classroom building. The contractor has begun work preparing the site for the foundation of the new building. Visit Trinity's Website to learn more about the congregation's ministry. |
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| Investment
Rates for August 2008 |
Fixed
Rate1 |
Floating Rate1 | ||
|
|
Rate |
APY2 |
Rate |
APY2 |
| One Year Note3 | 3.500% |
3.55% |
2.500% |
2.52% |
| Three Year Note3 | 3.750% |
3.80% |
3.125% |
3.16% |
| Five Year Note3 | 4.000% |
4.06% |
3.500% |
3.55% |
| Save-By-Mail Account |
2.500% |
2.52% |
||
| Accounts For
Congregations Only |
||||
| Congregational Savings
Account |
3.000% |
3.04% |
||
| Building Fund Account |
4.000% |
4.07% |
||
| 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 CSA & BFA). 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 |