Is it possible for Friedens to receive additional financial benefit by me personally investing in the UCC Cornerstone Fund?
Yes. It is called the Interest Rebate program. This program offers borrowers the opportunity to reduce the effective interest rate on a Fixed Rate loan by up to 1%. By investing part of the church’s savings in Cornerstone Fund notes – and by encouraging church members to invest in the Cornerstone Fund as part of a personal portfolio —a borrower may be eligible for a rebate of up to 1%. While each investor retains full control of their investments, the amounts of the collective investments are added together to calculate a rebate that is sent annually to the borrowing church. If a church’s collective investment totals 25% of the loan amount, a rebate check for .25% (¼ of 1%) of the loan amount will be sent to the church each year. A church with collective investments totaling 100% of the loan amount will receive a full 1% rebate on the loan amount. These funds are in no way considered collateral, and investors may access their investments at any time.
