During last month’s Converge Great Lakes annual meeting, Pastor Adrian Rayo of Iglesia Fe (Faith Church), Delavan, Wisconsin, was presented with a $12,500 check from the Converge Cornerstone Church Planting Grant.
Rayo and his wife, Wendy, launched the Hispanic congregation on October 27 at Faith Baptist Church. Rayo and Iglesia Fe are working alongside Faith Baptist lead pastor Todd Harder and his wife, Heidi, to share the hope of Christ with their community.
One of the most effective ways to reach the world for Christ is by starting new churches. To help church plants as they launch, the Converge Cornerstone Fund is offering two types of grants. Ethnic church plants that open between May 1, 2018, and April 30, 2019, are eligible to receive a $12,500 grant. All other church plants that open during that time are eligible for a $5,000 grant.
The offer and sale of certificates is limited to persons who are, prior to receipt of the Offering Circular, members of, contributors to, participants in or affiliates of Converge Worldwide including any program, activity or organization which constitutes a part of Converge Worldwide, its district conferences, or its member churches or other persons who are beneficiaries or successors in interest to such persons (“Investors”). This shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale is not authorized. The offering is made solely by the OFFERING CIRCULAR. The offering involves certain risks which are more fully disclosed in the Offering Circular under the heading “Risk Factors.” These investments are not FDIC or SIPC insured. In the event the Fund exercises its right to redeem a Certificate prior to maturity and upon 60 days notice to the holder thereof, payment of the outstanding principal and interest will be made to the holder to the date of redemption, rather than to the Certificate’s maturity date.
Demand Investments
| Minimum | Rate | |
|---|---|---|
| Demand | $100 | $1.625% |
| Church Savings | $5000 | 1.750% |
Individual Retirement Accounts
| Minimum | Rate |
|---|---|
| Under $100,000 | 3.250% |
| Over $100,000 | 3.375% |
Term Investments
| $100 | $30,000 | $100,000 | $250,000 | |
|---|---|---|---|---|
| 6 Month | 2.000% | 2.000% | 2.125% | 2.250% |
| 1 Year | 2.250% | 2.250% | 2.375% | 2.500% |
| 2 Year | 2.500% | 2.500% | 2.625% | 2.750% |
| 3 Year | 3.000% | 3.000% | 3.000% | 3.000% |
| 4 Year | 2.750% | 2.750% | 2.875% | 3.000% |
| 5 Year | 2.875% | 3.000% | 3.125% | 3.250% |
Special Investments
| Minimum | Rate | |
|---|---|---|
| Cornerstone Kids (5 Year) | $250 | 3.250% |