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Our Development Fund
 
The Development Fund provides an investment alternative for those who typically invest in a fixed income type vehicle. Monies invested in the Development Fund often earn a higher rate of interest than most commercial savings, certificate of deposit or money market accounts. It is the funding source of our Loan Program providing loans to United Methodist Churches and United Methodist institutions throughout North and South Carolina. Participation in the Development Fund is available to residents of North and South Carolina as well as United Methodist churches and institutions in North and South Carolina.

If you would like to receive a copy of the UMF Development Fund Offering Circular including at application for participation interest, please contact the Foundation office using the information provided at the bottom of this webpage.

 
Investment Particulars
$1,000 minimum investment - recommended 12 month term
No penalty for early withdrawal; you retain complete access to your money
Simple Application Process; must obtain an Offering Circular
Variable rate of interest adjusted quarterly based on Wall Street Journal Prime
No fixed rate is possible and there is no minimum rate of interest


Also, you may view our rate history.
Current UMF Development Fund Interest Rate
1.5%
(Effective as of October 1, 2017) Interest Rates for the UMF Development Fund
are reviewed and adjusted (if necessary) on a quarterly basis by the Loan Team.
 
 
United Methodist Foundation of Western North Carolina, Inc.
Address: 13816 Professional Center Drive, Suite 100 Huntersville, NC 28078   |   Phone: 704-817-3990   |   Fax: 980-422-0390
® © Copyright 2017 United Methodist Foundation of Western North Carolina, Inc. All rights reserved.