
What began with six people meeting in pastor Loren and Carrie Pankratz’s living room has multiplied into The Bridge Community, a growing church of over 300 worshipers in Centerville, Utah. After renting space in a retail strip mall for five years, the church moved into its own worship building in September.
Despite being in the United States, The Bridge Community is located among an unreached people group. On a given Sunday morning, only about 1 percent of South Davis County worships in a Christian church.
While at the strip mall, the church gradually expanded from one to four retail spaces to meet its growing needs.
About two years ago, church leaders recognized they were starting to feel cramped in their space and began discussing what to do next. The church was still functioning well, and they had put a lot of work into the space. So, they weren’t ready to abandon ship just yet. But God had other plans for them.
This February, Pankratz learned the church would have to move to a new location by the end of September. That news put their planning into hyperdrive. Over the next few months, they looked at every available spot in Davis County. Finally they landed on a warehouse that could be converted into a church — with the help of a loan from the Converge Cornerstone Fund.
“We are a relatively young church and do not have a ton of capital, so having the Cornerstone Fund step in and provide us a loan was huge,” the pastor said. “They enabled us to purchase a building where we can establish ourselves and grow.”
The new facility, says Pankratz, is the first building an evangelical church has ever owned and operated in Centerville. The meeting place gives The Bridge Community office space it’s never had, more and bigger classrooms and a sanctuary that doubles the seating capacity of its previous facility. The church dedicated the building September 30, celebrating the event with two baptisms.
Congratulations to The Bridge Community on this new facility that will be used to share Christ in its unengaged community.
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 | 1.000% |
Church Savings | $100 | 1.125% |
Individual Retirement Accounts
Minimum | Rate |
---|---|
$10 | 2.000% |
Over $100,000 | 2.125% |
Term Investments
$100 | $150,000 | |
---|---|---|
1 Year | 1.250% | 1.500% |
2 Year | 1.375% | 1.625% |
3 Year | 1.500% | 1.750% |
4 Year | 2.375% | 2.375% |
5 Year | 1.750% | 2.000% |
Special Investments
Minimum | Rate | |
---|---|---|
Cornerstone Kids (5 Year) | $250 | 2.000% |