David and I have enjoyed Church Extension Plan for ourselves and our family. Over the years we have seen the finances that we have invested in the plan grow rapidly. We are so thankful for that. Also, the money we invested is being used for the Lord's work. We have several grandchildren, so we started an investment with UGMA for each one of them. The accounts grew quickly, so that when five of our grandchildren graduated from high school, we were able to give them a large check to help them as they started a new adventure in life. Thank you so much.

David and Joan Anderson

Frequently Asked Questions (FAQs)


How often do the rates change?

Investment rates on new offerings are subject to change at any time.

For established variable notes, rates are reviewed in January and July. At review, the rate on variable notes could go up, down, or stay the same.

Will the interest rate go up if I increase the principal amount invested?

Interest rates are determined by the terms of your investment, not on the dollar amount invested.

Am I allowed to make withdrawals from my investment(s)?

The 30-day Access option provides for withdrawals (principle reductions). You can make one withdrawal per calendar month against the principal with no penalty.

Term notes are set up with the intention that the funds will stay in the note until maturity. Currently, early withdrawals can be made from these notes with a 45-day written notice and will result in a six-month interest penalty.

Can I continue to add to my investment note?

Yes, unless you are notified in writing that your note is closed to additions.

Will the maturity date change if more funds are added to the note?

No.

Are CEP’s investments secured or insured?

Vision investments are not “secured”. Your investment is backed by mortgages on the loans made to churches and CEP's other assets. CEP maintains an excess in assets, currently over $10 million.

Our investments cannot be covered under the FDIC insurance program because Church Extension Plan is a ministry, not a bank.

Where does CEP put their money?

All investment dollars go to support the expansion of Assemblies of God churches and ministries through our Partners Plus loan program. Cash reserves are in bank, money market and very conservative mutual fund accounts. The variety allows for balance when one part of the economy softens (the other part usually does the opposite).